All posts by bmhadmin

Czech Republic Real Estate Market Outlook 2023

Although 2022 started positively, with a growing economy and solid foundations for growth, geopolitical events soon took over. The war in Ukraine pushed up energy prices and sparked rapid growth in inflation.

We entered 2023 with a forecast of a moderate recession, with the belief that inflation and interest rates have already peaked. Nevertheless, high inflation and interest rates are putting downward pressure on growth.

Occupier markets have remained fairly stable and are in a good position for the year ahead.

Environmental sustainability has become important over the last couple of years,
and it will be even more important in the coming years.

Read the full report to find out more. 

 

Czech real estate market to stabilize in H2 2023

Currently, most markets are in the stage of ‘price discovery’. Since the summer, we have witnessed a ‘dance floor situation’ in the Czech real estate investment market. Buyers are sitting on one side of the dance floor and sellers on the other, and everyone is waiting to see who will dare to enter the dance floor first. CPI inflation could reach 15.8% this year, according to forecasts from the Czech National Bank, and inflation could be double-digit in the first half of the 2023 at the very least.