May Real Estate Market: Unstoppable Growth
The real estate market continues to thrive as the summer holiday season approaches, bringing some interesting developments.
Significant global changes are already happening in the market for new buildings. We discussed the onset of this trend in our last digest, and its effects are now becoming evident.
Previously, developers competed fiercely for buyers by offering various discounts and incentives. Now, they hold the upper hand, allowing them to increase apartment prices. This is why those who invested in real estate earlier are now in a favorable position.
On the flip side, the Czech National Bank has lowered the interest rate. While experts believe this will not significantly impact lending, banks report that they have already issued more loans compared to last year. This means that despite the summer vacation period, the market remains active.
My team and I have compiled all the crucial data and expert insights into this digest. This will be the last digest for this half-year, with the next edition coming in September. To stay updated on important news that may affect financial decisions, be sure to follow the FIS Investment Fund on Instagram.
In this digest, you will find out:
- Why prices for apartments in new buildings may increase.
- The current Central Bank rate.
- Inflation rates and economic forecasts.
- Updates on the mortgage market.
- Trends in the secondary real estate market, including price increases and growth.
To read the full digest, hit the button below. Have a wonderful summer, everyone!