King Sturge - Czech Republic Residential Market Report 2010

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Czech Republic Residential Market Report 2010

The publication summarises key data and new trends in the Czech market over the past 15 months (Q1 2009 – Q1 2010), including detailed analysis on the Prague residential market.

The report contains the following key findings:

In 2009 prices of new apartments (national average) decreased by 7.1%, while prices of old apartments in the Czech Republic decreased on average by 9.4%
For the whole of 2010 we expect average prices of apartments to stagnate with potential for small price growth at the end of 2010
In 2009 the number of dwellings that commenced construction declined by 14% in comparison to 2008. This trend is to continue throughout 2010 and there will be only a very limited number of new projects delivered to the market
The volume of granted mortgage loans decreased in 2009 by 35%.

For a full copy of the report, please contact:

Ondřej Novotný
Research Analyst
T: +420 234 703 335
F. +420 234 703 334
E: ondrej.novotny@kingsturge.com

Contacts

Ondřej Novotný
Head of Research, Prague Office
+420 224 234 809
ondrej.novotny@kingsturge.cz