The Czech Republic has doubled the number of vacant apartments

The Czech Republic has doubled the number of vacant apartments

Over the past two decades in the Czech Republic has doubled the number of vacant apartments: from 372,000 to 652,000 objects. A publication of such data was made in Prague Daily Monitor, reports ee24.com.

In the larger and more developed Czech towns, located for the most part in the metropolitan region of the country, many apartments are bought solely for the purpose of investing. In such cases, the owners do not even bother looking for tenants to take the property out.

The reverse applies to the countryside, where is a huge outflow of people in search of a better life. In regions such as northern Moravia and northern Bohemia there is a large number of vacant apartments. Starting with the construction boom in 90s and to the present day Czech builders have commissioned 300,000 real estate units. And today most of them are idle.

Experts note that the fourth part of the vacant housing is the recreation one, and every tenth object is under construction or even unsuitable for life due to poor condition. The reasons for vacancy of 400,000 apartments remain unknown.

Most of empty houses and apartments (about 30%) are located in small towns with a population of no more than 500 inhabitants. In large cities such objects occupy only 8%.

Earlier ee24.com wrote that in Montenegro there 120,000 vacant apartments, which is why the state treasury is losing €32 million annually.