Competitiveness / Business and Industry
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Czech Statistical Office: Real estate prices accelerate | KPMG Czech Republic: The gap between the prices of old and new housing in Prague is small compared with some other European cities
"The rapid rise in real estate prices is currently the most significant inflationary phenomenon, or in the last two to three years. The year-on-year increase in these prices reached 12.8% in the first quarter. This has put the Czech Republic to the top position among the EU countries," said chairwoman of the Czech Statistical Office (CSU) Iva Ritschelová. Average annual price growth of appartments in the EU was 4.5% in the first quarter.
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Prague.tv: Developers want red tape reduced | Deloitte Property Index: Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries
Prague Institute of Planning and Development (IPR) spokesman Marek Vácha said that by 2030 there would be a demand for 82,400 flats with a combined area of 5.1 million square meters. This comes to 5,500 new flats per year, Prague.tv writes. According to Deloitte, revenues from apartment rentals in the Czech Republic fluctuate within the preferred range of 4 to 6%. Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries, but their year-on-year growth was not as dynamic.
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GfK: European Retail in 2017: Central and eastern European nations had the highest per-capita purchasing power increases | KPMG on experiences of Czech consumers - survey
The population’s confidence in covering more than their basic needs increased as purchasing power increased, GfK analysis says.
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