PRAGUE (ČIA) – In the last quarter of 2011 the prices of residential properties in the Czech Republic remained largely unchanged and with the exception of family homes continued with the existing trend. This stems from the Hypoteční Banka HB Index. The director of the bank’s real estate department Petr Němeček stated that market prices of apartments fell slightly q/q by 0.1 p.p.. He says this was primarily the result of the fact that supply exceeds demand with almost no one buying residential units without discounts. This situation is most obvious in Prague.