The average price rise for new flat in the Czech capital Prague rose last year by around 19.1 percent to reach around 85,223 crowns per square metre, according to a group of the leading developers and builders of new flats in the city, Radio Prague writes.

The Czech National Bank (CNB) today increased the repo rate to 0.75%. The decision was unanimous (all five present members voted for a hike). The press conference was more interesting than the decision. Governor Rusnok presented a new forecast, which included the regulator’s projected EUR/CZK trajectory. It shows the CZK strengthening to EUR/CZK 24.6 by year-end. However, the forecast shows limited growth in rates for the remainder of the year. Komercni banka expects slower CZK appreciation and a stronger economy to allow central bankers to normalise rates at a swifter tempo. Komercni banka assumes three more hikes this year, with the repo rate at 1.5% at year-end.        

CEE Economies—and thus the industrial real estate sector—has shrugged off international and local political risks, like Middle East wars, nuclear grandstanding, superpower social media meddling, and local political infighting, according to CTP Invest.

The Czech Republic ranked 17th globally, 12th regionally in the World Justice Project Rule of Law Index 2017, the same results as in 2016. The country landed in the group of countries with Declining Rule of Law, still, it gained above median scores.