Czech market update 9.2017

The Czech property market prices have been rising quite well over the last couple of years (around 10%/year). We’re often asked on our view if this will continue, and if property investors plan to sell when is the best time to do so. This article gives our brief view on the situation.

Generally the market has still been rising and its an open question how long this will continue. Some people are talking about it being the top of the market but its actually hard to say when this will occur.

There are still buyers around, salaries are rising and the Czech economy is still doing well, on the other hand mortgages have gotten a little bit more expensive & restrictive. As prices have gone up quite a bit we think affordability may start to become an issue.

Our view is that for the moment the market will remain positive but we’ll start to see some slowing, whether this will turn into a reversal is hard to say right now (it shouldn’t be in the short term). Demand is still driven by good fundamentals and supply is not keeping up.

Czech rental rates are also rising, but currently not at the same rate as sale prices.

Currently Czech properties sell quite well as long as they are not at too crazy prices. If you’re thinking of sell get in touch as we have a large database of buyers ready to purchase the right property (particularly in Prague and Brno).