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Flat prices falling in Czechia
Bratislava, 15.02.2023
Flat prices went down for the first time since 2013 in Czechia in the last quarter of 2022, according to the index of Hypoteční banka, a daughter company of ČSOB bank. The index suggests that the cost of an average flat fell by 0.7 percent in quarter-to-quarter terms. However, real price decline may actually be far higher than the statistics indicate.According to Martin Vašek, the chairman of the board at Hypoteční banka, the last quarter price decline was indicative of a deeper trend noticeable since the middle of 2022. This was caused by a combination of high interest rates, the low availability of housing and the overall economic situation.odkaz na stránku
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