Czech Republic Real Estate News Wrap-up :: Weeks of January 24th to February 4th

Czech Point 101 December 8, 2014 @ 11:35AM

1. ČSU: Consumer, business confidence drops for first time in three months
(http://www.ceskapozice.cz/en/news/economy/csu-consumer-business-confidence-drops-first-time-three-months)


High-level overview of article:
Economic confidence indicators for January presented good news when compared to the same time last year, but the composite indicator of business and consumer confidence fell to 10.5 from 10.8 in December, the first drop in three months, data published Tuesday by the Czech Statistical Office (ČSÚ) shows.

Our take:



2. Czech mortgage market up 15 pct in 2010 after 2 bad years
(http://www.financninoviny.cz/english/zpravy/czech-mortgage-market-up-15-pct-in-2010-after-2-bad-years/587781)

High-level overview of article:
Czech mortgage market grew by 15 percent last year against 2009 after a two-year falling trend and domestic banks provided nearly 51,000 mortgage loans for Kc84.8bn to individuals in the year, according to Local Development Ministry statistics made public today.

Our take:
I would expect this to really increase in 2011 as consumers see rate hikes on the horizon and move to purchase property before.


3. DTZ: 2010 was exceptionally successful for the Czech logistics and industrial market (CZ)
(http://europe-re.com/system/main.php?pageid=2616&articleid=17526)

High-level overview of article:
“In 2010 overall gross take-up reached 785,200 m², which is an increase of 118% compared to 2009 and second highest result after 2007,” says Lenka Šindelářová, analyst at DTZ.

Our take:
Fantastic precursors which point to upward pressure on residential prices in 2011.


4. Czech Financial Ministry raises economic growth estimate to 2.2 pct
(http://www.financninoviny.cz/english/zpravy/czech-finmin-raises-economic-growth-estimate-to-2-2-pct/589355)

High-level overview of article:
The Czech Finance Ministry has raised its estimate of this year´s economic growth to 2.2 percent from the previous 2 percent, according to the latest macroeconomic forecast the ministry released today.

Our take:



5. Property Prices Decline 2.2% in 4Q 2010 in Prague, Rise 0.2% Elsewhere
(“http://www.stavebni-forum.cz/en/article/18514/offer-prices-of-flats-decreased/)

Czech Real Estate prices went down 0.9% in Q4 2010

Czech Real Estate prices went down 0.9% in Q4 2010


High-level overview of article:
Offer prices of flats in the Czech Republic fell by 0.9 % in last year´s fourth quarter compared to the previous three months. In Prague property, the quarterly decline was 2.2 %, in contrast with other regions where offer price increased by 0.2 %

Our take:
Interesting that Prague is taking a bigger hit than other areas.


6. Prague residential: no signs of a new boom yet
(http://www.stavebni-forum.com/en/article/18513/prague-residential-no-signs-of-a-new-boom-yet/)

High-level overview of article:
At the end of last year, it appeared as if there was an avalanche of residential projects, or more precisely announcements of residential projects. This is especially visible due to the situation raised by sales crisis in the field of commercial flat construction. Today it seems a little that Prague is experiencing or will experience a new housing boom in the near future. Does this impression reflect the reality?

Our take:
Fantastic interviews with some leaders in the industry. The potential VAT increase is definitely something to watch as it created a boost for the market at the end of 2007 also.


Updated/Aktualizováno: ,

Submit a Comment

Your email address will not be published. Required fields are marked *