Recently, around the world, the housing market has become a hotly debated issue in the context of the rapid rise in house prices. From 2000 to 2008, Czechia experienced a huge boom, with the growth of buyer interest far exceeding supply on the market. Between 2009 and 2012, the economic crisis hit the real estate market. As a result, demand weakened significantly, with house prices also falling.
Following this slump in demand and prices, with owners losing up to 40% of the value of their properties in some locations, the market started to grow again in 2013. so you could say that the real estate market has a cyclical period, which is repeated with period of approximately 8 years of growth and 4 years of decline.
Currently, demand is growing greatly due to people’s interest in saving their savings into conservative assets, as well as the overall economic situation in Czechia, where many people have higher incomes and cant hus afford to buy better housing. The quality of housing is a major factor.
Many people are looking for more expensive …