Czech Republic
Luxury Properties in Short Supply in Czech Most local experts in Prague agree that demand for luxury property is outstripping supply, but the definition of luxury property development is relative. Increased purchasing power and the interest of foreigners in property investments has been gradually pushing up demand for high-standard housing in the Czech Republic. Some luxury projects in Prague’s Old Town have prices starting at Kč 140,000 (€ 4,900) per square metre. Aug 7, 2006
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