According to Orco’s VP, Ales Vobruba, vacancy rate for offices dropped to 14%, which may suggest growing demand. Vobruba also added that he expect the current yield of 7% to increase due to increasing rents going forward. At the same time, Hospodarske noviny daily reported that it takes longer for developers to sell new flats in particular in Prague; i.e. the average selling time is at 2 years compared to 6 months four years ago, which suggest more saturated market due to higher number of new projects.