Property prices in Prague increase 11% year-on-year

The average price of apartments in Prague and other regional towns in the Czech Republic increased by 11.1 percent year-on-year in the second quarter of 2016, according to the price-tracking website cenovamapa.org. The average price in Prague was 60,300 CZK/sqm, while in Ústí nad Labem it is 11,400 CZK/sqm. The quarterly increase was 6.1 percent, which is the fastest growth since 2010.