The Czech Republic is a leader in real estate investment in the CEE region this year, with volume of transactions between January and September rising by 130% year-on-year to CZK 63.9bn (EUR2.358bn), CBRE announced at Expo Real in Munich, Germany. Earlier this week, JLL announced their estimate (CZK 64.8bn / EUR 2.39bn). Read more details.
Also, residential property prices in the European Union have grown by more than 10% in four member states year-on-year in Q2 and the trend intensifies, experts say. "It is a consequence of an extremely loose monetary policy. The aim is to create inflation; while prices of consumer goods have not reacted, prices of investment assest have been growing fast," J&T Bank analyst Petr Sklenář told e15.cz. Find out more. View also recently published Eurostat data on housing prices development.
Click on the recent data on development of the Czech mortgage market since 1995 published by the www.ihned,cz server.