An innovative Czech start-up aims to revolutionize the property market
By doing away with conventional barriers to buying property, ‘Kousek Bytu’ could be the solution to the problems faced by aspiring homeowners in Czechia
Is 2024 the year to take out a mortgage in Czechia?
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The prospect of renewed house price growth makes now a good time to consider buying a home.
The rent-to-own concept is turning dreams of Czech property ownership into reality
A product new to the Czech market opens up the possibility of home ownership for those unable to obtain a mortgage loan.
Czech mortgage rates continue decline: Will home ownership become cheaper?
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The Czech central bank is likely to continue reducing the base interest rate as more people purchase property nationwide.
CNB cuts interest rate, pushing Czech crown to weakest level in almost two years
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Good intentions are behind the reduction in the interest rate, though, as the central bank hopes to stimulate spending and boost mortgages' accessibility.
Czech National Bank removes major hurdle in securing a mortgage
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An upcoming change will mean that, from 2024, people with higher levels of debt and lower incomes have a much higher chance of acquiring a mortgage.
New survey: 80 percent of Czechs struggle to buy their own home
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High mortgage rates and increasing property prices have pushed a lot of prospective Czech homeowners out of the market, although optimism is slowly rising.
Czech millennials are struggling to get mortgages due to soaring rates
A recent survey conducted among Czech residents aged 25-34 revealed that obtaining a mortgage has become impossible for a large percentage.
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Prices for older Czech apartments to rise due to slowdown in construction
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While higher construction costs and other factors have led developers to cut back on new flats, demand is expected to rise.
Czech National Bank maintains interest rate at 7 percent
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Analysts expect the central bank to marginally reduce the rate until the end of 2023 due to lower inflation.
Czech National Bank removes major obstacle in acquiring a mortgage
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The move follows in the footsteps of a devastating year for the Czech real estate market due to plummeting sales.
Czech news in brief for June 1: Cold front moving in for weekend, forest-fire alert remains active
The top headlines for the Czech Republic on Thursday, June 1, 2023, updated throughout the day to keep you up to speed.
Czech mortgage market reviving, a fifth of the population plans to buy a new home
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People are now paying close attention to monthly mortgage payments, which can eat up to 40 percent of their budget.
The number of mortgages in Czechia rose by 60 percent in March
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The mortgage market has shown signs of recovery but is still affected by high interest rates and high housing prices.
Czech apartment prices fall for the first time since 2013
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Prices fell in all regions across the country, but the quarter-on-quarter drop in Prague was the lowest.
The Daily Dozen: 12 things to know about Czechia today
Run in the upcoming UniCredit Prague Relay, recycle at Lidl and Kaufland, and more buzzworthy headlines for Feb. 8, 2023.
How to find your dream home in Czechia amid a housing crisis
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Despite the unfavorable conditions on the real estate market, the selection of properties is growing – putting potential buyers in a position to bargain.
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