OFas of 2024, there was a full forecast on the development of the residential market in Prague and the relationship to the residential market in general. In this regard, it is necessary to recognize again that apartments in Prague will very likely intensively improve in 2024. The demand dampened by the crises did not disappear, it was only boosted under the cover of economic depression and high mortgage rates. At the same time, falling rates are and will be a strong psychological catalyst. Those who have put off buying an apartment until now, know that there is nothing to wait for in terms of price development.
And for that, there is not and will not be a sufficient offer on the other side. The Czech, traditionally complicated, permitting environment has also been affected for many years, falling on the side of investors. The attractiveness of Prague, the high demand and the likely still insufficient supply will generate an increase in Prague apartment prices of tens of percent in the next few years. These are quite clear facts today.
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- Why is and will there not be an apartment offer in Prague?
- How did the poet of the people of Prague fare in the year?
- How will it affect the growth of apartment prices in Prague?
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