Rising demand and a lack of supply are creating a wealth of investment opportunities in the high-end residential market in Prague and the Czech regional markets, according to Prague-based Ceres Group, a global provider of services for international investors in the luxury residential market. Ceres held a press briefing on Tuesday on the prospects for this segment of the market. In 2007, the average price of luxury residential space increased from CZK 100,000 per m[sup]2[/sup] (EUR 4,030) to the current price of CZK 250,000 per m[sup]2[/sup] (EUR 10,076). Nonetheless, prices remain low by Western European standards.
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