On the real estate market, two and three-room apartments are the most sold

Prague - People in the Czech Republic most commonly purchase two or three-room apartments with mortgages. Undoubtedly, older apartments are the most popular, while new builds hold only a minority share of the market. This is indicated by statistics from the Hypoteční banka.
    "Among the apartments purchased with a mortgage from Hypoteční banka, medium or smaller-sized apartments (3+1 to 2+kk) prevail, accounting for approximately 80 percent," said bank spokesperson Rita Grabrielová to ČTK. Most of these are already existing apartments, with new builds contributing only about five percent to the volume of loans provided, according to Grabrielová. This trend is reportedly about the same as last year.
    According to data from Hypoteční banka, one-room apartments are the most interesting for clients among new builds. In other companies, the composition of sold new builds is similar to that of older apartments. For example, through the company HypoAsistent, people in the first half of this year most commonly purchased two-room apartments among new builds, which accounted for 42 percent of mortgages. An additional 31 percent of loans were allocated to three-room apartments. A similar sales composition is reported by the real estate agency Lexxus, stated its sales director Peter Višňovský.
    A key factor for deciding to buy an apartment is, according to most apartment sellers and experts, primarily the price. "Currently, apartments with an optimal price-to-quality ratio are selling well. Distinction based on layout or whether it is new or older property is usually a secondary parameter," said Pavel Smolka, an analyst at the real estate consulting company Jones Lang LaSalle, to ČTK. According to the director of the development company Sidi Czech Republic, Martin Loudy, apartments in the wider center of Prague priced up to 45,000 crowns per square meter excluding value-added tax are selling the best.
    According to figures from the Ministry for Regional Development, domestic banks provided citizens with 34,146 mortgage loans worth 56.4 billion crowns in the first half of the year, which represents nearly a 47 percent year-on-year increase in the volume of newly provided loans.