1. Czech Policy Maker Holman Sees Earlier Interest Rate Increase on Growth
(http://www.bloomberg.com/news/2010-12-10/czech-policy-maker-holman-sees-earlier-interest-rate-increase-on-growth.html)
High-level overview of article:
Czech policy maker Robert Holman expects the central bank to start increasing interest rates earlier than suggested in its outlook as the economy will probably grow faster than forecast.
Our take:
Those in the for the long haul may want to look at locking down interest rates for a longer term.
2. Czech property investment staying home
(http://www.ceskapozice.cz/en/business/real-estate/czech-property-investment-staying-home)
High-level overview of article:
Investment in the Czech real estate market is picking up, and foreign players are set to return.
Our take:
We are seeing this trend in locals who are investing their money in real estate. It now makes up a large part of property transactions.
3. Czech Republic Economy follows German lead
(http://praguepost.com/business/6833-economy-follows-german-lead.html)
High-level overview of article:
Neighbor’s industrial growth puts a strong spin on 2010 numbers.
Our take:
Czech Republic’s dependence on Germany is a bitter-sweet relationship. At times like this when Germany’s economy is going strong, it bodes well for the future.
4. Bankers predict a decline in property prices
(http://www.bydlet.cz/256150-e15-bankeri-predpovidaji-pokles-cen-nemovitosti/)
High-level overview of article:
While developers and real estate agents say that the fall in property prices is over, the bankers do not think so, inform the Friday edition of E15.
Our take:
Haha, these are two parties with vested interest in property going the direction they predict. Bankers because it means they can justify gouging clients on fees and high interest rates (under the pretense of warding off the impending calamity of mortgage defaults and that the loans they are giving are high risk) and real estate agents because they want transaction numbers to increase, meaning more commissions.
5. M & M Reality: In 2011, expect property prices to increase five percent
(http://www.bydlet.cz/258395-mm-reality-v-roce-2011-se-ceka-rust-cen-realit-do-peti-procent/)
High-level overview of article:
While in 2010, Czech housing prices were marked by stagnation in 2011 is expected to grow by five percent. Informed about Thursday estate agency M & M Real Estate .
Our take:
6. Govt postpones euro adoption, Nečas says
(http://praguemonitor.com/2010/12/23/govt-postpones-euro-adoption-ne%C4%8D-says)
High-level overview of article:
Czech government will not set an euro adoption date for now and next year will not strive for the country to enter the exchange rate mechanism, Prime Minister Petr Necas told journalists after the government meeting yesterday.
Our take:
This is now publicly unpopular so there will be no efforts to prioritize it any time soon.
6. ČNB holds key rates, is watching eurozone debt, German growth
(http://www.ceskapozice.cz/en/news/economy/cnb-holds-key-rates-watching-eurozone-debt-german-growth)
High-level overview of article:
Gov. Singer cited eurozone debt crisis as a downside risk to the Czech economy and German export-driven growth an upside risk.
Our take:
Updated/Aktualizováno: December 8, 2014,