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Analysis Of The Dynamics Of The Czech Property Market: Trends In Pricing, Energy Efficiency And Ownership

Author

Listed:
  • Eduard Hromada

    (Vysoká ?kola CEVRO)

  • Klara Cermakova

    (Vysoká ?kola CEVRO)

  • Lucie Kurekova

    (Vysoká ?kola CEVRO)

  • Bozena Kaderabkova

    (Vysoká ?kola CEVRO)

Abstract

This paper examines the evolving landscape of the real estate market in the Czech Republic from 2018 to 2023, focusing on apartment pricing trends, the impact of socio-economic factors, apartment sizes and layouts, energy efficiency in residential buildings, and distinctions between ownership types. The study categorises Czech cities into different price tiers and discusses the implications of these categories for potential investors, homebuyers and policymakers. It also examines the standardisation of apartment layouts across cities, the gradual improvement in energy efficiency ratings, and the shift from co-operative and state-owned/community owned to private ownership. The results show a general upward trend in house prices, interrupted by a slight decline in 2023 due to higher mortgage rates triggered by the Czech National Bank's anti-inflationary measures. The expected future easing of these rates should stimulate the market's recovery. This comprehensive analysis helps to delineate key trends and offers a deeper understanding of the factors shaping the Czech Republic's real estate market, providing valuable insights for stakeholders in the sector.

Suggested Citation

  • Eduard Hromada & Klara Cermakova & Lucie Kurekova & Bozena Kaderabkova, 0000. "Analysis Of The Dynamics Of The Czech Property Market: Trends In Pricing, Energy Efficiency And Ownership," Proceedings of Economics and Finance Conferences 14416303, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14416303
    as

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    References listed on IDEAS

    as
    1. Anirudh Srivastava & Pavel ?ežábek, 2022. "Impact of Digital Payments on the Economic growth of a country- A case of the Czech Republic," International Journal of Economic Sciences, European Research Center, vol. 11(1), pages 85-104, April.
    2. Jan Pojar & Daniel Macek & Renáta Schneiderová Heralová & Stanislav Vitásek, 2022. "Advances in costs optimization methods – key study of maintenance and restoration of cultural heritage," International Journal of Economic Sciences, European Research Center, vol. 11(2), pages 163-178, November.
    3. Ond?ej Venhoda, 2022. "Application of DSTI and DTI macroprudential policy limits to the mortgage market in the Czech Republic for the year 2022," International Journal of Economic Sciences, European Research Center, vol. 11(1), pages 105-116, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Real estate market; pricing trends; apartment layouts; energy efficiency; property ownership; socio-economic factors; market analysis; housing affordability; investment opportunities.;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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