The spring survey by NMS Market Research showed that one in ten people between the ages of 26 and 36 are planning to buy or build real estate within the next 12 months. According to him, half of the young people were going to change their home within 5 years. These are full of two meanings. Own housing, which is a natural choice for echy, is appreciating at record highs. Nabdkov prices have increased by 146% since 2015, and retail prices have even increased by 162%. According to Eurostat, the price of real estate in R, and thus their value, rose the most in the entire European Union in the first quarter of this year, by 24.7%.
In the spring, the conditions for obtaining a loan to finance a new home, high inflation and uncertainty on the market are now discouraging many potential buyers from buying an apartment. Investing in a new apartment is, however, a suitable choice. Apartment prices, and therefore their value, have been growing for a long time.
We have no reason to think that it will be any different in the future, according to the executive editor of the Central Group company Michaela Tomkov, adding: We are very aware of the long-term stability of the market. That’s why we offer our clients financing options with a deposit of only 10 percent, such as the Money Back Guarantee program. Clients can therefore terminate the contract in the event of unfavorable economic development and before the next apartment, and we will return all pension payments to them. Buying an apartment is therefore risk-free with our investments. Clients can therefore terminate the contract in the event of unfavorable economic development and before the next apartment, and we will return all pension payments to them. Buying an apartment is therefore risk-free with our investments.
Pension and salary refund guarantee for all apartments offered by Central Group photo: Central Group
New apartment = a qualitative leap in the level of housing
Owning a new apartment has historically been a preferred choice, especially among the younger generation. It means not only real value, but also a big leap in housing quality.
In 2021, a study by the Institute of Planning and Development of the Capital City of Prague found that people living in it and under construction are less satisfied with their housing than people living in their own. According to the survey, the total number of people living in it increased by 55%. The simple answer to this is the fact that, unlike some other Europeans, most of them go in their own way. In the Czech Republic, according to Eurostat, it was 78.9% in 2020, while the EU average was 70%.
A big advantage of a new apartment is the energy-difficulty of buildings these days and cheaper operation than in old buildings. Central Group uses modern systems and new building materials in the construction of ether for the living environment. Apartments from the oldest Czech residential developer are equipped with double-glazed windows as standard, which perfectly transmit natural light and, in combination with a high-quality facade insulation system and a heat recovery system, minimize heat loss.
According to our analysis, the operation of a new apartment from Central Group should be 48% more difficult compared to an apartment in a block house, explains Tomkov.
Investing in yourself is an investment in security
Due to high inflation and low available mortgages, people are now almost twice as likely to be paid by it and get stuck in debt. If you pay off your mortgage now in Prague, you don’t have to pay it, investing in your own will still pay off. People do not expose themselves to the risk of creating something that does not affect them. In addition, the average monthly rent in Prague has increased by about a fifth and is expected to continue to grow, while mortgage rates will gradually reach lower annual rates. Mortgage payments and rents will therefore increase again.
With that difference, the eu mortgage you paid for your pension remains in the form of your apartment, which, moreover, will increase in value over time, where you value someone else’s investment with it. And in the case of one’s own home, the debt to the bank will be paid off after the payment for the difference from it. lovk, short for investing in one’s own, invests in security, adds Tomkov.
700 apartment in Prague with air conditioning or furnished apartment for free
The first residential builder Central Group will offer 700 apartments throughout Prague. As a bonus, air conditioning or a fully equipped interior, including kitchens, built-in wardrobes and any other apartment accessories worth 200,000 and 500,000 crowns, depending on the chosen layout, are offered to each apartment free of charge. Only 10% will be charged to the client for the late payment of the apartment. They can pay extra and a year after moving in with the option of using a discounted mortgage. Mortgage specialist Central Group provides clients with the best possible offer on the mortgage market.