Czech Republic Real Estate News
Czech Republic
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.
Prime Global Residential Rents Hit Record High in Q1
According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
According to HVS' latest annual European Hotel Transaction Report, hotel transactions for 2022 totaled €13.3bn ($14.4bn USD), an 18% fall on the previous year as the impact of the Russian invasion of Ukraine, rising energy and food costs and high interest rates hit investor confidence.
Czech Republic Property News
European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
Posted on May 01, 2023
