The number of homes purchased as investments in the Czech Republic has doubled over the last six months, claims the residential developer Ekospol, which surveyed around 1,000 of its clients. Up to 11 percent of those surveyed said they bought a flat as investment in 2010 and 2011, but the figure increased to 24 percent in 2012.
Ekospol then called up 50 of its respondents and found that 49 percent of them said that their investment was driven by fears concerning their retirement pension, while 18 percent gave protection against inflation as their primary reason. Twenty-nine percent said their decision to invest in the residential market was driven by a desire for βreliable and risk-free returns.β
