Home » today » Business » In ten years, the price of a plot of land in Prague in the most sought-after locations has multiplied almost twice – ČT24 – Czech Television

In ten years, the price of a plot of land in Prague in the most sought-after locations has multiplied almost twice – ČT24 – Czech Television

“Until five years ago, we did not want to take building land up for auction at all, now the situation is completely different. Everything will sell. For example, in Louny, we have now sold land three hundred percent more than the starting price, “says Ivo Gavlas from the real estate agency and auction house Gavlas.

Land is rising in price the fastest

Tereza Nešporová from Ostrava also has experience with finding building land. She would like to buy a family house in the nearby Beskydy Mountains on a mortgage. “I’ve been thinking about buying my own home for about five years now. The offer of land is not as wide as we imagined, there is little land, prices are spared, “he explains.

Of all types of real estate, building plots become more expensive at the highest rate. Over the past year, their prices have risen by an average of sixteen percent. They grew by thirteen in flats and by ten percent in family houses. The reason for this trend is cheap mortgages and the fear of further economic development.

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