Housing is one of the basic human needs, and at the same time, a key indicator of social stability. In the Czech Republic, however, the availability of this commodity has been steadily declining over time, and obtaining it has become increasingly complex. The growth of property prices and rent has far outpaced the growth of disposable household income. Thus, the issue of housing affordability has moved from statistical yearbooks into the daily reality of thousands of people.

Key Takeaways:

• While in 2021, Czechs paid nearly 37% of their monthly income for an average property, by 2023, it had already exceeded 57%.
• The current decline in mortgage rates has reached its limits.
• The number of housing starts, which determines future supply, has long remained below 2021 levels.

Analysis – Martin Zeman

The analysis is in PDF under the link below.