The area of today's Old Town Square was, after the Prague Castle, the oldest inhabited place in Prague. The trade route led through here and passing buyers could rest safely here and therefore, the guarded court, which was called “Tyn” or also known as “Ungelt,” was built here. In the Ungelt there was a church, hospital, possibly the oldest pharmacy, accommodation, warehouses for goods and protection for buyers, who traveled to Bohemia. For all that buyers paid the duty called UNGELT ( um geld ). Over time all goods imported to Bohemia had to be declared here and this regulation applied until the mid-16th century.
Today you can get to Ungelt around the Tyn Church from the Tyn alley. It is a picturesque courtyard where you will find cosy cafes and restaurants, shops and quiet coves. The dominant feature of Ungelt is the place of the dynasty Granovský of Granov, which has a beautiful arcaded loggia that is considered to be a real gem among Prague Renaissance palaces.