New survey: 80 percent of Czechs struggle to buy their own home
High mortgage rates and increasing property prices have pushed a lot of prospective Czech homeowners out of the market, although optimism is slowly rising.
Czech millennials are struggling to get mortgages due to soaring rates
A recent survey conducted among Czech residents aged 25-34 revealed that obtaining a mortgage has become impossible for a large percentage.
Prices for older Czech apartments to rise due to slowdown in construction
While higher construction costs and other factors have led developers to cut back on new flats, demand is expected to rise.
Czech National Bank maintains interest rate at 7 percent
Analysts expect the central bank to marginally reduce the rate until the end of 2023 due to lower inflation.
Czech National Bank removes major obstacle in acquiring a mortgage
The move follows in the footsteps of a devastating year for the Czech real estate market due to plummeting sales.
Czech news in brief for June 1: Cold front moving in for weekend, forest-fire alert remains active
The top headlines for the Czech Republic on Thursday, June 1, 2023, updated throughout the day to keep you up to speed.
Czech mortgage market reviving, a fifth of the population plans to buy a new home
People are now paying close attention to monthly mortgage payments, which can eat up to 40 percent of their budget.
The number of mortgages in Czechia rose by 60 percent in March
The mortgage market has shown signs of recovery but is still affected by high interest rates and high housing prices.
Czech apartment prices fall for the first time since 2013
Prices fell in all regions across the country, but the quarter-on-quarter drop in Prague was the lowest.
The Daily Dozen: 12 things to know about Czechia today
Run in the upcoming UniCredit Prague Relay, recycle at Lidl and Kaufland, and more buzzworthy headlines for Feb. 8, 2023.
How to find your dream home in Czechia amid a housing crisis
Despite the unfavorable conditions on the real estate market, the selection of properties is growing – putting potential buyers in a position to bargain.
Prague apartment prices fall to 2021 levels but rents continue to increase
The gap in prices between old and new flats continues to widen, with price increases forecast for later this year.
The Daily Dozen: 12 things to know about Czechia today
Czech children don't exercise enough, snow on the way, and more buzzworthy headlines for Jan. 17, 2023.
Mortgage rates in Czechia now among the highest in the past 20 years
Due to the high rates and other factors, the volume of mortgages granted is significantly lower than last year.
Renting is three times cheaper than a mortgage in Prague
A recent real estate study mapped the differences in rental and mortgage prices across Czechia.
Soaring inflation in Czechia is dashing young people's hopes of homeownership
As inflation increases in Czechia, so do mortgage interest rates, making the real estate market even more inaccessible to young people.
Czech National Bank raises interest rates to highest level since 1999
Plus: State-paid health insurance contributions to drop, PPF selects new boss, and a new poll says most Czechs think good coffee is an important job perk.
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