Prices of recreational facilities in the Czech Republic rose by about 15 percent year on year last year. In Šumava and the Giant Mountains they often reach up to CZK 120,000 per square meter, which corresponds to the price levels in Prague. Due to poor affordability in these locations, demand is shifting to other areas, such as the Ore Mountains.
“The prices of holiday homes added to the extraordinary demand last year, when people were looking for a place to go for a rest and from where to work remotely. But this is not the only reason for interest. with more family members, up to 90 percent of buyers plan to rent apartments, “said Radim Maštalíř from the real estate department of Hypoteční banka, which is a member of the ČSOB group.
According to ČSOB, the price of recreational facilities in the Krkonoše Mountains or the Šumava Mountains is also influenced by the fact that local residents tend to fight against new construction. This also applies to the Jizera Mountains, which are among the three most popular locations for recreational purposes.
“Thanks to this, we can observe an increase in construction in other areas, such as the Eagle and Ore Mountains or the Jeseníky Mountains. For example, in the Ore Mountains there are many vacant buildings suitable for reconstruction for recreation. per square meter, “added Maštalíř.
According to ČSOB, data from this year show that interest in recreational facilities will continue. In addition, the supply is weaker than last year. “A lot of developers report sold out even in the stages of starting the sale. The rise in prices will continue due to the fact that people are afraid to invest more in uncertain times. However, real estate is a safe way.
According to data from the Czech Statistical Office, the intensity of housing construction in the Czech Republic was many times higher in selected mountain resorts compared to large cities between 1997 and 2019. For example, in Říčky in the Orlické Mountains, 1,089 flats per 1,000 inhabitants were completed in this period, and in Špindlerův Mlýn, 602 flats per 1,000 inhabitants. In Prague it was 87.5 flats per 1000 inhabitants. According to analysts, this is related to the boom in recreational activities and a significant increase in the purchasing power of Czechs or Germans.
After Říčky, the most intensive construction was in Loučná pod Klínovcem (892 flats per 1000 inhabitants) and in Kvilda (763 flats). These are relatively small villages with a population of about a hundred. This is followed by Špindlerův Mlýn (602 flats), Boží Dar (528 flats), Harrachov (490 flats), Pec pod Sněžkou and Železná Ruda (471 flats).
Source: ČSOB and CTK
