1. LN: 8% of land belongs to untraceable owners
(http://praguemonitor.com/2010/11/23/ln-8-land-belongs-untraceable-owners)
High-level overview of article:
Up to 8 percent of the Czech Republic’s territory are plots with unknown or unidentifiable owners and many of them are quite significant in economic terms, daily Lidove noviny (LN) has written.
Our take:
As it mentions later in the article, I can’t imagine the difficulty of a neighbor trying to get permissions for some project and he needs cooperation of his ‘unknown’ neighbor. Very frustrating!
2. Landlords, lawyers say big room for legal improvements as rent deregulation landmark looms
(http://www.radio.cz/en/section/curraffrs/landlords-lawyers-say-big-room-for-legal-improvements-as-rent-deregulation-landmark-looms)
High-level overview of article:
The Czech Republic’s slow and painful steps from regulation to market regarding for rented flats will take a big step forward at the start of next year when rent controls end for around 450,000 apartments. Last week the government proposed accompanying laws rebalancing the relationship between landlords and tenants. But the former say these don’t go far enough, and experts are warning that the courts could be swamped by tens of thousands of cases over rent levels.
Our take:
This should put increased demand for rental on smaller flats as tenants look to keep paying the same rents as they had previously and have to downsize.
3. Confidence in Czech economy up 1.3 points in November – CSU
(http://www.financninoviny.cz/english/zpravy/confidence-in-czech-economy-up-1-3-points-in-november-csu/560532)
High-level overview of article:
Confidence in the Czech economy rose by 1.3 points on the month due to an increase in both entrepreneurs’ and consumers’ confidence, the Czech Statistical Office said today.
Our take:
The year is ending very well in terms of the outlook.
4. German business confidence hits 20-year high
(http://www.bbc.co.uk/news/business-11828571)
High-level overview of article:
German business confidence has hit its highest level since reunification, providing further evidence of the country’s strong economic recovery, a closely-watched survey suggests.
Our take:
This bodes very, very well for the recovery of the Czech economy through 2011. As well, we expect more German investors to be coming onto the market.
5. Govt approves law enabling sale of land to foreigners
(http://praguemonitor.com/2010/11/25/govt-approves-law-enabling-sale-land-foreigners)
High-level overview of article:
The Czech government yesterday approved an amendment to the foreign exchange law that enables the sale of agricultural land to foreigners, Prime Minister Petr Necas told a news conference after the cabinet meeting.
Our take:
This came a lot sooner than expected. It was thought that there would be an extension on this condition.
Updated/Aktualizováno: July 22, 2014,