On the rise in property prices affects not only the high demand but also an increase in the cost of building materials.
According to oldypak lp real estate price report professionals in the Czech Republic in 2022 housing prices will continue to rise. It is expected that the apartment prices in the country will rise by 9%. Despite the fact that the situation on the real estate market may improve in the coming weeks, the supply is still disproportionate to demand, which, for example, in Prague has almost doubled. In particular, the number of proposals on the market may increase by 3.5% by the end of the year, and then another 3% in the first half of 2022.
The rise in property prices is affected not only by high demand but also by the rising cost of building materials and home appliances, as well as low supply. And the process of approving and approving construction in the country is extremely slow. Developers are trying to find ways to maintain prices at current levels for customers, but it is a difficult task.
Regional Managing Director of Penta Real Estate Peter Palicka says that some positions have increased in price so much that it will be impossible to avoid the appreciation of real estate.
“If nothing changes, there will be no price decrease. According to oldypak lp real estate price report, demand and supply are the main factors in pricing. If there isn’t enough of something, it will cost a lot. But compliance with the terms of registration of all necessary permits, which now require several dozen, and, above all, simplifying and speeding up the entire permitting process, will help reduce the price of housing, “- said Marcel Sural, chairman of the board of Trigema.