In the area of ​​residential real estate, the year 2023 has booked a record as a period of significant sales decline, reports Valuo.cz in its residential real estate analysis. The market has fallen to its lowest level in eight years.

The beginning of February has brought a sharp fall in bank rates in the Czech Republic, and housing loans are thus the cheapest in more than a year and a half, E15.cz reports.

For the sixth time, the state is trying to sell the functionalist building in the centre of Prague, reports Newstream.cz. Compared to the last, failed auction, the price has been reduced by CZK 19 million (€76,100).

According to 2023 reports, PSN has booked 23 purchase contracts with a total value of over CZK 1.3 billion (€52 million). The largest part is represented by 15 apartment buildings.

A total of 57 housing units in Prague 6 have been acquired by the Prague Archbishopric after signing a contract with the developer Finep.

The Regional Research Forum has presented Brno and Ostrava office market data for H2 2023. Renegotiations are the main driver, however headline rents are staying unchanged.

The Trigea real estate fund has officially completed the purchase of the Arkády Pankrác shopping centre in Prague. The price exceeded CZK 6 billion (€241 million), E15.cz reports. It is the largest transaction carried out by domestic retail funds in the Czech Republic.

The Brutalist monument in the centre of Prague has been closed for up to 2 years for reconstruction, reports Newstream.cz. The internal layout of the building is going to change, converting some of the floors into offices.

The DRFG Investment Group and Heraeus Medevio have launched the construction of a new production hall in Plotiště near Hradec Králové. The project is a build-to-own development.

The XPlace platform, owned by the Archdiocese of Prague, and Penta Real Estate have entered into a partnership in the area of ​​rental housing. Thanks to it, the rental portfolio of XPlace is expanding by two turnkey apartment buildings in the neighbourhood of the Vidoule Nature Park and the new city district of Waltrovka in Prague.