An article which looked at the property price numbers from the CSU (Český statistický úřad or in English Czech Statistical Office) had some surprising statistics. I had thought that prices had fallen much more from 2008 to 2010 than the statistics show.
The first chart in the article gives the average purchase price of flats from 2008 to 2010. It demonstrates that overall the prices fell only 9%, which was very surprising for me. This information is based on the tax valuations done for the purpose of property tax assessment.
House and home prices were shown to have actually increased by 7% through this crisis period.
Read the complete article in Czech and in English (with Google Translate).
According to numbers from tax information, Czech Republic property prices didn’t move substantially from 2008 to 2010
Updated/Aktualizováno: July 22, 2014,
