Slovak and Czech housing market analysis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63562579" target="_blank" >RIV/70883521:28120/23:63562579 - isvavai.cz</a>

Result on the web

<a href="https://ems.uniza.sk/wp-content/uploads/EMS_1_2023_10_Poliakova_Kamenikova.pdf" target="_blank" >https://ems.uniza.sk/wp-content/uploads/EMS_1_2023_10_Poliakova_Kamenikova.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.26552/ems.2023.1.104-119" target="_blank" >10.26552/ems.2023.1.104-119</a>

Result language

angličtina

Original language name

Slovak and Czech housing market analysis

Original language description

Research background: In 2020 and 2021, there was a significant price development in the real estate market in the whole of Europe. Many investors moved their capital into what they thought was a safe investment. These are specific investments in commodities and, above all, real estate. In the last three years, the Czech and Slovak Republics, along with other countries, had to deal with several crisis effects that fundamentally affected the real estate market. These are the global pandemic of the disease COVID-19, the energy crisis, and the war in Ukraine. Purpose of the article: In recent years, the housing market in the Czech Republic and Slovakia has been a hotly debated topic. The high demand for housing and at the same time the low supply of apartments and land cause a situation where real estate prices have a high tendency to rise. In this contribution, we will focus on the analysis of the development of the housing market in the Czech Republic and Slovakia, and we will try to evaluate the situation in both markets with subsequent comparisons of both markets. Methods: We will be focused on the analysis of the situation in both markets for the years 2020, 2021, and 2022. For the evaluation, we will use many indicators for comparisons such as housing price indices, average wages, indebtedness, unemployment, and interest rates of the central banks of both countries and hypoindex indicators DTI, DSTI, and LTV. Based on these factors, we will then compare the Czech Republic and Slovakia in 2023. Subsequently, we will focus on the availability of housing in these countries, we will also mention in which parts of individual countries housing is cheaper and, conversely, more expensive. In the last part, we will deal with the macroeconomic forecast of both countries. That is, how indicators such as GDP, unemployment, average wages, inflation, and others will develop. We will also give examples of investment in real estate with selected funds. Finally, we will compare interest rates for mortgage loans from Czech and Slovak banks. Findings &amp; Value added: In both countries, it is therefore assumed that real estate prices will stagnate in 2023, or possibly only grow more moderately. ;

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomicko-manažérske spektrum

ISSN

1337-0839

e-ISSN

2585-7258

Volume of the periodical

17

Issue of the periodical within the volume

1

Country of publishing house

SK - SLOVAKIA

Number of pages

16

Pages from-to

104-119

UT code for WoS article

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EID of the result in the Scopus database

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