What We Can Expect in the European Real Estate Market in 2024: Predictions and Figures

In December 2023, the Czech National Bank finally implemented the anticipated interest rate cut. This decision was welcomed very positively by investors and construction firms, who interpreted it as a promising signal for the overall real estate market, particularly for the development of new residential areas.

The forecasts suggest that the decline in interest rates, along with a decrease in mortgage rates, will persist. This expected trend is anticipated to instill greater confidence in prospective buyers, thereby boosting demand for new housing.

While expert assessments of the expected decline vary, there is a consensus that apartment prices will remain stable. Aside from that, the reduction in rates will revitalize the real estate market, which has stagnated due to high rates and limited issuance of permits.

Looking ahead to 2024, what can we anticipate from the real estate sector? What level of interest rates do builders expect? Which projects are expected to yield profits? And what advice do analysts provide to investors?

Learn the answers to these questions and more in the first issue of the analytical digest in 2024, focusing on the European real estate market.