Friday, 24 November 2017

ČR's hot property market is becoming a problem

Yahoo News/AP |
17 October 2017

The Czech Republic's capital has the hottest residential property market in Europe, and it's becoming a problem. A 22 percent spike in prices over the past year is freezing out many locals from buying a home and the risk of a boom and bust in the market has forced the Czech Central Bank to step in to try to cool off demand. While many countries in Europe have seen strong gains in real estate values recently, the Czech capital stands out.