1. Investments into commercial real estate in ČR up 65% in Q1
(http://praguemonitor.com/2010/04/21/investments-commercial-real-estate-%C4%8Dr-65-q1)
High-level overview of article:
Investments into commercial real estate in the Czech Republic jumped by 65 percent year-on-year to EUR96m (Kc2.4bn) in the first quarter, real estate consulting company DTZ told CTK Tuesday.
Our take:
Interesting that the majority of buyers were from Czech Republic showing that locals feel the time to buy is right.
2. IMF Raises 2010 Economic Growth Outlook for East Europe to 2.8%
(http://www.businessweek.com/news/2010-04-21/imf-raises-2010-economic-growth-outlook-for-east-europe-to-2-8-.html)
High-level overview of article:
The International Monetary Fund raised its 2010 growth forecast for the economies of central and eastern Europe to 2.8 percent as global trade recovers.
Our take:
No estimate on Czech Republic in this article but Slovakia pinned as largest growth with 4.1%. Seems like EURO currency is treating them ok.
3. Confidence in Czech economy up 3.4% in April
(http://praguemonitor.com/2010/04/27/confidence-czech-economy-34-april)
High-level overview of article:
Confidence in the domestic economy grew by 3.4 points in April against March, and compared with the low level seen in April 2009, the composite confidence indicator was 14 points higher, the Czech Statistical Office (CSU) announced yesterday.
Our take:
Maybe it was just because of the sunshine 😉
4. Banks grant mortgages worth CZK 16bn to citizens in Q1
(http://praguemonitor.com/2010/04/28/banks-grant-mortgages-worth-czk-16bn-citizens-q1)
High-level overview of article:
Czech banks granted mortgage loans worth Kc16bn to citizens in the first quarter of this year, down by 6.7 percent year-on-year, the Local Development Ministry said yesterday.
Our take:
Now comparisons are to the absolute slowest periods of mortgage granting in the last years, early 2009. All numbers will look positive.
5. LN: Deposits on current accounts at banks top CZK 700bn
(http://praguemonitor.com/2010/04/28/ln-deposits-current-accounts-banks-top-czk-700bn)
High-level overview of article:
Czech households’ deposits on current accounts at banks exceed Kc700bn and are 11 percent higher year-on-year, the daily Lidove noviny (LN) writes yesterday.
Our take:
This is phenomenal and a big reason why the property market stayed buoyant during the crisis. Just reminds us how the banks here are making huge profits with all this money for free and lending it back out at ridiculous rates.
6. Czechs See Faster 2010 Growth, Recovery Stays Fragile
(http://www.businessweek.com/news/2010-04-29/czechs-see-faster-2010-growth-recovery-stays-fragile-update1-.html)
High-level overview of article:
The Czech economy will grow faster this year than previously expected as a better outlook for exports to the country’s main trading partners in western Europe drives a “fragile” recovery, the Finance Ministry said.
Our take:
We love upward revisions!
Updated/Aktualizováno: December 9, 2014,