The Deloitte Develop index monitors the qualitative and quantitative indicators of supply and demand on Prague’s development market. Its task is to describe, on a bi-monthly basis, the current state of the residential market and its development. The set of indicators is based solely on declaratory information obtained from the websites of individual development companies and pricelists of development projects. The basis of the index is formed by the numbers and proposed prices of vacant units under development projects towards the end of the monitored period.
The average offer price of new apartments in November and December of last year grew by 5.4% to CZK 85,320/m2, which represents a year-on-year increase of 19.4%. With the rising average price per square meter, the average total price per apartment increased by CZK 506,000 to CZK 6,682,000. Find out more information here.