Purchase of Investment property increased by 23 % y/y

Published: 06.04.2021 Related countries:  United Kingdom United Kingdom

More than 2/3 of asked developers think that the pandemic has at least partially influenced the rise of speculative or investment purchase of property in Czech Republic. The remaining 1/3 of developers don’t believe there was any influence.

On the other hand, 10 % of developers claim that the purchases have declined by 63 % on average. Approximately one quarter of all bought real estates in Czech Republic are bought for speculative and investment purposes. Almost 80 % of the customers are Czechs and 20 % are foreign customers. On average the investment property is sold after 4 years.

Source: CEEC Research