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New Study Shows that Prague has Europe’s Least-Affordable Housing

Prague grapples with a critical housing affordability crisis, holding the distinction of having the least affordable housing in Europe. While private construction plays a role, a new analysis by non-profit housing organizations emphasizes the need for substantial political intervention. The report, presented on Tuesday, highlights a worsening situation despite existing measures by the Prague City Council. The authors propose solutions like expanding municipal housing, rent regulation, and progressive taxation on investment flats. Representatives from Arnika, Re-set, Platform for Social Housing, Tenants’ Union, and Sustainable Housing in Central Prague co-authored the study. “Despite existing policies,” stated Václav Orcígr of Arnika, the report’s editor, “the housing situation has fundamentally worsened, making Prague the European city with the most unaffordable housing.” The analysis cites a Politico report from late 2023, claiming it takes roughly 25 years of average net income to acquire a 75-square-meter apartment in Prague. The analyst Nina Fabšíková, pointed out that apartment prices have surged by 50% over the past five years, while rents have increased by 30%. Nominal wages have risen by 21%, but real wages, adjusted for inflation, have actually decreased by 15%. The report reveals that a significant portion of Prague households (up to 25%) dedicate over...

by Prague Morning Mar 27, 2024

“Security Situation Worst Since WWII,” Said Czech Counterintelligence Agency

President Petr Pavel met with the leadership of the Czech counterintelligence agency, headed by its director Michal Koudelka, on Tuesday. The current security situation is the worst since World War II, the head of the Czech Counter Intelligence Service (BIS) Michal Koudelka said following a meeting with President Pavel on Tuesday. He said Russian expansionism and the possible return of Islamic terrorism to Europe are major threats to European democracies. “We cannot underestimate the risk, although we do not have any concrete information about a direct security threat to the Czech Republic,” Koudelka said. The focus of the meeting was the security landscape and potential threats, particularly from Russia and China, whose actions have long concerned the BIS. Moje návštěva v sídle BIS znamená především obnovení standardních vztahů mezi prezidentem a bezpečnostními službami, jak je to běžné i v jiných demokratických zemích. V následujících měsících postupně navštívím všechny služby. S ředitelem Koudelkou i s vedením BIS jsme jednali o… pic.twitter.com/vvFy4BfgJQ — Petr Pavel (@prezidentpavel) March 26, 2024 Koudelka highlighted the looming threat of a resurgence of Islamic terrorism in Europe. He also mentioned the challenge of illegal migration to Europe, although the BIS lacks specific intelligence on current threats. President...

by Prague Morning Mar 26, 2024

GALLERY: This is What the Train Station at Prague Airport Will Look Like

The direct railway connection between Prague and Kladno, including a link to Václav Havel Airport, is progressing.  On Monday, the Railway Administration received the final approval for the Prague-Václav Havel Airport station, marking a major step forward for the project. The new railway will be double-tracked and electrified, enabling trains to travel outside Prague at speeds of up to 160 kilometers per hour. With departures planned every ten minutes, journeys will be significantly faster and more frequent. “Currently, the connection between Prague and Kladno, the largest city in Central Bohemia, relies on a single-track, non-electrified line,” stated an earlier press release from Prague 7 regarding the project. “This outdated infrastructure simply cannot meet the demands of modern, high-capacity rail transport.” The project also includes the modernization of existing stations and the addition of six new stops along the route. Construction is planned to minimize disruption to residents and the environment, while maximizing infrastructure improvements. This significant upgrade will be particularly beneficial for residents of Kladno, Central Bohemia’s largest commuter hub. The modernization of the Praha-Bubny – Praha-Výstaviště line is already underway. For the section connecting Prague-Výstaviště to Prague-Dejvice, the planning decision documentation is complete and submitted for approval. Získali jsme...

by Prague Morning Mar 26, 2024

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