The financial magazine Hospodářské noviny has recently analized the real estate market in Prague, saying that there’s a shortage of apartments.
Especially in Prague, properties and flats are running out and new construction projects are having a standoff moment.
Due to this shortage, prices of properties already present on the market are rising up a lot, almost like in the pre-crisis period, but despite the requests are hitting a records, this keeps remaining a difficult moment.
In the past properties have sold fast thanks to economic mortgages, low interests and more confidence of the investors in spending, but now, with an annuary dropping in sales of 23% and an increase in prices of about 10% in a year, the situation is not the best.
The situation is similar in Brno.