Inflation was at 15.8% in December, according to fresh data from the Czech Statistical Office, and continues to steal significantly from Czech households’ savings. A year ago it was 6.6%.
Compared to the beginning of 2015, the price level in the Czech Republic has increased by around 40%. The price of new apartments has risen by around 150% over the same period, and the price of gold by around 55% by comparison.
“In the long run, the value of new apartments clearly beats both gold and inflation. Owning a flat is without exaggeration ‘above gold’, as it represents life security and also the best security for retirement,” says Michaela Tomášková, CEO of Central Group.
Source: Central Group
