Banks and building societies have provided mortgage loans for more than CZK 32 billion (€1.2 billion) within August, reports the Czech Banking Association in its newest Hypomonitor. Compared to July, mortgage activity has increased by a third. 

YIT has launched the sale of apartments in the tenth stage called Tampere in the Suomi Hloubětín complex in Prague. The high-rise building on Waltariho Street will become the dominant feature of the new Finnish Quarter. The Tampere building is designed to complete the renovated central square of Alvar Aalto.

UBM Development Czechia has completed the Timber Praha project in the Prague-Řeporyje district. The future owners can move in in Autumn this year.

Fetters has joined the residential developers club with the Panorama Braník project in Prague 4. The company has been engaged in comprehensive construction project management since 2013. The biggest challenge so far is the project management of the Vltava Philharmonic in Prague.

The development group Crestyl is returning the Baroque Savarin Palace in the centre of Prague to the cultural map of the metropolis. The most valuable historical spaces of the newly renovated listed building by Kilian Ignác Dientzenhofer are opening doors for exhibitions instead of the casino.

YIT is launching the sale of the first stage of the Toivo Roztyly project in Prague 11. The construction of the 1st stage is already underway.

In addition to subsidies and preferential loans, the Ministry of Regional Development is planning a new financial instrument to help start the construction of housing in the Czech Republic, reports E15.cz. 

Penta Real Estate is starting to construct a new residential project Mocca Residence in Prague. Near the Českomoravská metro station, Penta is restoring the original city block with almost three hundred new apartments being built here.

According to the 2024 Savills Nearshoring Index study, the Czech Republic is the second most attractive location for industrial occupiers looking for ‘nearshore’ supply chains. 

The second phase of the AFI Home Kolbenova project in Vysočany in Prague developed by AFI Europe has reached 50% occupancy. The project is offering 327 residential units for long-term rentals.