Impacts of the covid-19 pandemic on the residential market in Prague

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F21%3A00356856" target="_blank" >RIV/68407700:21110/21:00356856 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.20472/BMC.2021.012.005" target="_blank" >https://doi.org/10.20472/BMC.2021.012.005</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.20472/BMC.2021.012.005" target="_blank" >10.20472/BMC.2021.012.005</a>

Result language
angličtina
Original language name
Impacts of the covid-19 pandemic on the residential market in Prague
Original language description
The paper describes the changes in the residential market in individual city districts in Prague due to the COVID-19 pandemic. In Prague, there is a significant decrease in the use of short-term rental of apartments through Airbnb and Booking services. Due to the impossibility of renting an apartment to tourists, the owners offered their apartments on the market of long-term rentals. There is an increase in the supply side, which has an impact on falling rental prices. The biggest changes are taking place in the centre of Prague. On the other hand, there is a significant increase in the selling prices of flats, which is mainly related to the monetary policy of the central bank, low mortgage interest rates and citizens' fears of rising inflation. The paper compares the price development in individual city districts of Prague for the period 2018 to June 2021.To describe the development of the residential market in Prague, the EVAL software is used. The EVAL software collects, analyses and evaluates real estate advertising in the Czech Republic.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 12th Business & Management Conference, Prague
ISBN
978-80-7668-005-0
ISSN
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e-ISSN
2570-6543
Number of pages
8
Pages from-to
33-40
Publisher name
The International Institute of Social and Economic Sciences
Place of publication
Praha
Event location
Prague
Event date
Sep 15, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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