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STUDY
Real estate prices, housing affordability and new trends: what awaits us in 2023
During H1 2023, we forecast a continued slight price correction (on average 5% compared to end of 2022), which will be followed by a gradual recovery of the market in terms of both volume and prices. Impetus for return of strong buyer demand will be the drop in interest rates to the level of 4.5% p.a. Due to the rapid reduction in real estate values, the middle of 2023 will bring the best opportunity to buy residential property for many years to come - the high overvaluation of real estate relative to the long-term average will completely disappear.
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STUDY
Regional Czech cities lack over 80 thousands flats: development of individual cities and what awaits us next
Crisis of housing in the Czech Republic is escalating: over the last 10 years, a supply deficit of around 80,000 flats has emerged in Czech regional cities. Main share of the deficit comes from Prague with 44 thousand flats, however the pace of construction has not kept up with demand in any of the Czech regional cities. Residents are settling more in the vicinity of regional cities, which causes additional problems for transport and civic amenities.
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