Real estate in Prague will rise in price by 5-6% in the coming years

Based on the analysis of the real estate market, financial experts predict a rise in the price of residential and commercial properties soon. This trend is observed in all major European countries, including the Czech Republic. This is due to some reasons that led to changes in the economic market and became the basis for the formation of a new paradigm in the field of investment microclimate.

Despite this, investment in real estate in Prague will remain a priority for entrepreneurs from different countries. Against the background of an increase in the value of real estate in other large European cities, in Prague, these changes will be less noticeable. The Government of the Czech Republic continues to implement regulations that facilitate the process of acquiring real estate by both local and foreign entrepreneurs.

Why real estate in Prague will rise in price?

The increase in property value is caused by general trends that are characteristic of this market segment. In the past few years, there has been an “investment boom” when entrepreneurs are actively buying real estate for resale or lease. As a result, one of the drivers for increasing prices is fierce competition between entrepreneurs who are interested in developing a real estate business.

Experts predict that in the next few years real estate will rise in price by 5-6%. This applies to both residential and commercial facilities. It is worth noting that the increase in value is the result of a whole range of reasons, including:

• demand exceeds supply: most of the residential, commercial and office premises in Prague are already in the assets of entrepreneurs. There is an acute shortage of free objects on the market. The situation is complicated by the fact that the construction of new buildings requires at least 2 years, given the coordination of all necessary documentation and construction work. Thus, investment in real estate in Prague is an asset with great potential for quick payback and high profits.

• active development of the labor market: thanks to a high salary, the availability of vacancies, stable economic development, a large number of labor migrants come to Prague every year. That is why there is a great demand for houses, for subsequent conversion to joint centers, hostels. Due to the existing demand, apartment building owners are interested in selling objects at a higher price.

Thus, if you want to invest in real estate in Prague, now is the ideal time for this. Do not miss your chance until the cost of objects has risen in price by 5-6%. The specialists of our company are always happy to help you and advise on all issues related to the real estate market.