The average offer price of new residential projects in Brno has exceeded CZK 129,400 per sqm (€5,093) and Q2 2024 has broken the previous record from 2022. Demand has also grown sharply, as data by Trikaya shows.

According to the monitored data and analysis of the real estate market by BuiltMind, the demand for new apartments in Prague has continued to grow in Q2 2024. Compared to Q2 2023, there is an increase of more than 67%.

Zeitgeist Asset Management has launched renting apartments and studios in the newly completed Delta Hagibor Residence on the border of Vinohrady, Strašnice and Žižkov in Prague. Invesco Real Estate owns the project and Zeitgeist has been given the mandate for its complete leasing and management.

The abandoned brownfield of the former Poldi Kladno steel mill in the Czech Republic is soon to be transformed. On a large part of the area belonging to the RSJ investment group, the developer Panattoni has started construction of industrial halls this summer, reports E15.cz.

The headline RICS Commercial Property Sentiment Index (CPSI) holds steady in the latest survey for Q2 2024, while the outlook for secondary offices and retail remains particularly negative in many markets.

AFI Europe's AFI Karlín office complex in Prague has announced the arrival of new tenants. A law firm is moving its team here, and a media and entertainment company is going to open a development centre for its streaming video service in the building.

The modern, developer-led warehouse stock in the Czech Republic has reached 12.02 million sqm in the second quarter of 2024. Approximately 117,500 sqm were delivered to the market within 11 industrial parks. Industrial Research Forum has announced industrial market figures for Q2 2024. 

Twenty brands have debuted on the Czech retail market in the first half of 2024, the highest number ever recorded. The biggest categories were Health and Beauty (six brands) and F&B (five brands). 

UDI Group is going to build a new shopping centre in Líbeznice near Prague with a Billa supermarket as the main tenant. The developer is now negotiating with other tenants for the other six units. 

The Czech industrial RE market has experienced a record growth of interest in renting new premises, especially from companies linked to e-commerce triggering extensive speculative construction. Although the market situation is stable and positively influenced by the gradual reduction of construction costs in combination with yield stabilisation, recently the vacancy rate has slightly increased and two new phenomena have emerged on the market.