HBIndex: Czech flat and house prices confirm growth in Q3, 2014

Czech Point 101 November 12, 2014 @ 2:26PM

The Q3 2014 HBIndex reported a strong 2.5% growth in the overall price of houses and a 1.8% increase in apartment prices over Q2. This was slightly lower growth for houses over Q2 which was 2.7%. Flat prices accelerated over Q2’s increase of 0.7%.

Overall growth on the year is 2.8% for flats and an amazing 7.2% for houses.

An interesting observation from Petr Němeček, director of Hypoteční banka, was that there was increased interest in ‘family housing’ meaning flats of size 3 + 1 or 3 + kk with floor areas between 76 and 90 m2.

Mr. Němeček said that new developments in Prague were doing very well with some developers increasing prices.

He also noted that most of the increase in prices of housing was due to increased interest in developments on the outskirts of Prague. Demand was strong for use of energy-saving heating systems such as with solar panels.

Czech property prices, flats and houses, Q3 2014

Hypoteční banka, the single largest provider of residential mortgages in Czech Republic, combines the data from their mortgage applications to compile the HBIndex. It is the most accurate source we have but still is only a fraction of the total residential real estate market.

How can you profit from the increasing prices? Leveraged purchases of investment property are an incredible way to maximizing the returns on your money. Drop me an email at: nathan@czechpoint101.com for examples of properties available for investment right now.

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