Real estate price growth hasn’t stopped in the Czech Republic, but its pace appears to be slowing. Novinky.cz reports that whereas last year at this time, prices were rising by 8.4 percent annually. Today, it cites a Eurostat report claiming has slowed to 7.7 percent. One of the reasons for this are regulatory brakes set by the Czech National Bank which has begun making qualifying for mortgages more difficult and raising interest rates. But the news server reports that there is also a growing feeling among the public that Czech real estate prices are getting out of control. “Czechs are afraid taht the price of property have gone too high and they don’t want to get burned buying at bad prices. This unnerves and freezes things on the supply side,” says Lukáš Kovandy, chief economist of Cyrrus Lukáš Kovanda.
