Wednesday, 23 September 2020
Business | Real Estate | Expats.cz

The Czech mortgage market continues to see lower interest rates and break records. The amount of people taking out mortgages in August was very high, setting a record for the month.

Business | Real Estate | Expats.cz

Most foreigners interested in Czech real estate come from the US, Germany and Slovakia. The vast majority of people viewing advertisements on real estate portals are Czechs, but about 7% are foreigners, according to a survey by news server Lidovky.cz.

Business | Real Estate | Expats.cz

The mortgage market continues to break records, despite the coronavirus pandemic. July 2020 became the strongest July in the history of the Fincentrum Hypoindex. The fall in the average interest rate also continues, putting the mortgage market on track for record results.

Business | Real Estate | Brno Daily

For years, both rents and real estate prices have been rising quickly and significantly, with rents increasing at a slightly steeper rate. During the volatile first half of 2020, however, house prices seemed unaffected by the pandemic, whereas rents are seeing a declining trend, leading to a 50% year-on-year increase in prospective renters.

Business | Real Estate | Prague Daily Monitor

Radovan Krejčíř's luxurious villa in Černošice is definitely not on the list of the most desired properties. It has been offered for sale at auctions since 2016, failing to sell yet again on Thursday – now being offered for just one twentieth of the purchase price.

Business | Real Estate | Prague Daily Monitor

The pandemic hit many markets, but the real estate industry was only minimally impacted. The prices for apartments, land, and houses continue to rise, Idnes.cz reports.

Prague | Real Estate | Prague Daily Monitor

Luxurious villa measuring about 1105 m² in Prague’s district of Bubeneč is reported to be for sale by a number of Russian outlets. The price is estimated at half a billion CZK, making it the most expensive house in the Czech Republic.

Business | Real Estate | Expats.cz

While mortgage interest rates have been dropping in the Czech Republic, they are still almost twice as high as in neighboring countries. Record real estate prices in the Czech Republic have already made housing difficult to afford, and relatively high-interest rates make housing more expensive still.