There was a good article in the New York Times which discussed the Prague luxury market.
There was a very good quote from Ms. Novakova of Prague’s Jones Lang LaSalle office which sums up what has happened with the luxury market in terms of an investment option. She said: “The rental market dropped 20 percent in the last two years. Companies aren’t renting flats for their expat employees, and those used to command a large rental price. That’s another reason people aren’t investing in expensive properties for rentals: They can’t get the rental income from them anymore.”
Prague’s luxury market has held it’s value but falling rents have hurt returns
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Updated/Aktualizováno: December 8, 2014,
