Czech residential prices rose faster than anywhere else in Europe, according to Eurostat. Year-on-year growth of 12.3 percent put the country’s real estate market ahead of Ireland, Portugal, Hungary and the Netherlands, where price rises were also in the double-digit range. The European average was just 4.6 percent, while prices in Italy fell nearly one percent. Hospodářské noviny quotes CSOB’s analyst Petr Dufek as saying that the pace of price rises is slowing (from 4.7 percent in the first quarter of the year to just 1.6 percent in the third quarter). “Of course, it has to be taken into account that this was the average for the whole country, which disguises huge regional differences. Compared to 2015, the current prices for real estate are 21 percent higher,” he said.
