Experts expect a new boom in the Czech real estate market in the coming years

Property prices worldwide will increase by 9% annually over the next ten years. This follows from a study by the German Economic Institute Ifo and the Swiss Institute of Economic Policy. Price increases are expected to be even higher in Eastern Europe. It is still driven by demand rather than supply factors.

Almost a third of experts believe that the reason for the rise in real estate prices is limited production capacity, rising prices for building materials and a shortage of land for development. Also putting pressure on prices in the near future will be the monetary policies of central banks, inflation and government policies.

Source link