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Article: Interfax Czech Republic Business Daily.
- Article from:
- Czech Republic Business Report Daily
- Article date:
- October 5, 2007
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COMPANY NEWS
Czech media reports of double-digit price growth for apartments 'exaggerated' - experts
PRAGUE. OCTOBER 4. INTERFAX CENTRAL EUROPE - Regular reports in the Czech media that apartment prices have increased by 30% on average in the Czech Republic this year and 25% in the capital Prague are grossly inflated, several experts told a real estate conference Thursday.
"We have registered [only] a 6% increase in housing prices in Prague this year," Petr Illetsko, managing director of Czech real estate agency AAA Byty.cz, told the Real Estate Market Autumn 2007 conference, adding that the greatest increase in demand for apartments is in the ...