Czech market hasn't seen such rapid growth since 2010

Czech market hasn't seen such rapid growth since 2010

Czech commercial real estate market is growing with the fastest temps in Central Europe since 2010, despite the downturn during the economic crisis. Such data is provided by Cushman & Wakefield, informs portal ee24.ru.

Czech market dipped during the crisis, but here, as in Poland, the reduction was minimal. Jaroslav Kaizr from Cushman & Wakefield said that if you compare different countries' markets, it is obvious how strong the position of the real estate market in the Czech Republic is. There was a building boom before the crisis too, but in smaller amounts than in other Central European countries.

If you assess the situation on a larger scale, it becomes clear that the movement of prices in the housing market partially repeat the change in GDP. On the other hand, they are not closely related to the situation on the stock market.

Studies developed by Western markets show the presence of seven and nine year cycles. Based on this observation, the Czech market is expected to recover from the crisis of 2009 by 2016 or 2018 year.