Flat and house prices down 30 percent in Prague

The party is over for many developers and investors in Prague and Czech Republic in general. Investors are less interested in Czech properties and many of them are moving to the East.

Experts expect 20-30 percent decrease in prices by the next summer. However, it is not the best time to buy a house yet. Experts recommend to wait for one year.

Even now it is possible to negotiate 30% discount if you can pay immediately and do not need mortgage.

The main reasons of sharp decrease are the following:

- Offer is higher than demand
- People are less interested in mortgages
- Developers are loosing their positions, for example ECM lost 20 mln EURO in half a year, Orco Property Group lost about 14 mln EURO


However, prices are still growing in some destinations.

Aquapalace Prague water park

Aquapalace is the best, the biggest, and the most expensive water park in Czech Republic, about 5 km from Prague.

Adrenalin lovers will definitely appreciate space bowl, 6 toboggans (the longest of those is 140 meters) and 3 slides. Water World section includes Wave Palace, Adventure Palace and Relaxation Palace.

Sauna world offers all types of sauna you can imagine, even Kello (log house) outdoor saunas. The combination of outdoor saunas with 2 outdoor Whirlpools can help anyone to refresh their body and mind.

Hope you will have enough time and money to enjoy ocean waves, tropical rains and storms.



More info: http://www.aquapalace.cz/


How to get there:

D1 - highway, D6 - exit, Průhonice – Čestlice u Prahy Commercial Zone, infront of KIKA store.


Buses:
324, 325, 328, 363, 385 from Opatov metro station

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