We are pleased to present you this 10th anniversary edition of the Property Index, Overview of European Residential Markets. During more than a decade, Property Index has become one of the most influential publications on residential real estate markets in Europe and has proven to be a valuable source of information for professionals, institutions and general public. Property index analyses factors shaping the residential markets together with their development and compares residential property prices across selected European countries and cities. The publication aims to provide you with European residential market data on a regular basis and to answer questions on how Europeans live and at what costs. Despite the fact that the aim of this publication is to provide a complex overview of the past year’s development on residential markets in European countries, we could not ignore the current ongoing situation caused by the coronavirus pandemic outbreak in 2020 that still dominates in the public debate even today. We hope you will find this edition of Property index interesting and that it will provide you with insights and information you need.

Find details about each of the events held within the AmCham General Assembly 2021 series inside. 

Inflation remained at higher levels in June, slightly above market estimates and the CNB forecast. The main reason for higher inflation is core prices excluding food and energy. Overall, the surprise is small and implies a continuation of the CNB's willingness to further tighten monetary policy in the near future.

On 1 July 2021, an amendment to the Czech Employment Act came into force. Under this change, employers will have access to state relief in case of partial unemployment (Kurzarbeit) resulting from a serious economic crisis caused by an extraordinary event:

• natural disasters
• epidemics
• cyber attacks
• or other serious force majeure events.