Studies and researches
1/2024
Determinants of House Prices and Housing Affordability Dynamics in the Czech Republic
The property market in Central European Region
countries share a number of common features among which privatization,
restitution of property, massive regulation or underdeveloped financial market
all of which contributed on persisting property market imbalances and
continuous dynamic changes. These changes have recently been significantly
exacerbated by the presence of the Covid-19 pandemic, the war in Ukraine and a
significant increase in energy prices (heating of apartments and houses,
production of building materials, etc.). It is currently difficult for
investors and people looking for their own housing to predict the future
development of housing prices and housing affordability. This article analyses
the housing market trends in this region taking the example of the Czech
Republic using unique primary statistical data. It offers a deeper insight into
the trends present on this market, identifies significant determinants of
housing prices and evaluates changes in housing affordability. Our research
reveals why the property market trends may contribute to opening inequality
scissors and thus economic stability. This research is based on primary
statistical data mined by EVAL software which allows to gather information
about the development of the real estate market from real estate advertising.
real estate, investing, availability of housing, inflation, mortgage loans, energy prices
E31, R21, R31
E31, R21, R31