Czech Republic Real Estate

Questions and answers on real estate in the Czech Republic, the development of the property market and prices in the Czech Republic. Question. The international consultancy Knight Frank has published an index of world market prices for housing in iv quarter of 2008, according to which the Czech Republic showed in this sector prices by 19,6% year on year and 0.2 per cent increase over the third quarter of 2008. Confirm whether these figures are your observations, and it really grew the market until the end of 2008? Response. These figures confirm that the situation is due to two important factors: 1.

External factor input Czech Republic in November 2007 in the Schengen area 2. Internal factor changes the tax on new construction in the Czech Republic from 9 to 19% from January 2008. Market developed very rapidly during the year, a fall in demand only in the iv quarter 3. Just an internal factor in the increase in prices kvardratnogo meter Czech housing served as a new law "Mandatory provision for all construction of residential facilities in the Czech Republic with automatic fire safety. 2009.

Question. As the market behaved from the beginning until today? Interested in the dynamics of prices (fallen or not), the number of transactions and views objects (they became more or less). Response. Prices from ytd to stagnate and to this moment the situation has not changed, a slight drop in the secondary housing panel construction 5.10% Volume of sales remains the same and even compensated for buying power the company's clients are served by more than one year.

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