Real estate prices are falling: In Prague 1 and Liberec, prices for 1 m2 have decreased in comparison

Real estate prices are falling: In Prague 1 and Liberec, prices for 1 m2 have decreased in comparison
Real estate prices are falling: In Prague 1 and Liberec, prices for 1 m2 have decreased in comparison

The real estate market did not boom in the covid era. People were afraid of devalued disputes and tried to hide their disputes by investing in real estate. This resulted in a record purchase of the property, when more buyers were seen on the tour and in some cases the property was sold at the inflated price. Real estate was often sold through an auction, where the buyer had to raise the price against the offered price. What caused an increase in prices by about 20%.

According to statistician of the real estate portal RealityMIX.cz, property prices have reached the price ceiling and in some selected locations, Prague 1 and Liberec, prices for 1 m2they got her on the loose. In a month-on-month comparison, we observe the biggest drop in prices in Liberec -4.2% month-on-month and -1.9% compared to 8/2021. The cities of Prague, Brno, Pardubice reached their price ceiling in the second quarter of the summer year and are slowly falling. According to Jan tp from the real estate portal RealityMIX.cz, health energy, high interest rates and rising prices for daily consumption will be reflected in real estate prices, which will lead to further pressure on real estate prices.

The demand from buyers naturally has an effect on the ever-expanding offer of real estate for sale. We register a number of offers for recreational real estate, as well as offers for self-mortgage and apartments for sale, including Jan tp.

It can be assumed that the real estate offer will gradually be replaced by apartments for rent, which people bought during the covid era and are now being sold by the developer to their owners. One of the apartments that the buyer has a fixed share of the investment.

The current situation therefore indicates that the supply of real estate will increase in the next few months and it is possible that there will be a further price drop. Due to the unavailability of mortgage financing, the demand for private housing or shared housing will increase, concluded Jan tp.

Vladimr Urbnek

In the field” for more than 20 years. After several years of experience from trading with valuable peppers, Vladimr Urbnek for the past 15 years, he has been devoting himself to reporting from domestic and foreign capital markets.

He considers the age to be the result of experience and ability compared to the time before the last major crisis in 2008-9.

The article is in Czech

Tags: Real estate prices falling Prague Liberec prices decreased comparison

NEXT He started a business when he was young, now he has money and makes millions