Czech Republic Real Estate News
Czech Republic
Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin
According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7%.
European Ski Chalet Prices Continue to Rise Despite Global Economic Uncertainty
According to Knight Frank's newly released 2024 Ski Property Report, the price of a European ski chalet increased by 4.4% on average in the 12 months to June 2023. Except for the pandemic years, it represents the strongest rate of growth since 2014.
European Construction Slows as Demand Plummets in 2023
According to ING, high interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe.
Luxury Branded Residences Enjoy Global Growth Despite Economic Uncertainties
Based on Knight Frank's newly released Global Branded Residences Report 2023, the branded residences property sector has enjoyed sustained growth despite significant recent global economic turmoil.
Czech Republic Property News
European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
Posted on May 01, 2023
