Prague – The provision and high quality of housing within the Czech Republic is the fifth worst among the many European Union nations. Presently, the Czech Republic ranks twenty third among the many European twenty-seven and has dropped by one place in comparison with final yr. The explanations are primarily rising housing prices and inadequate development. The attractiveness of rental housing in comparison with shopping for one’s personal housing has additionally considerably declined. That is in line with this yr’s Index of Prosperity and Monetary Well being ready by Česká spořitelna and the Europe in Knowledge portal.
A severe housing downside at present impacts 1.6 million Czechs in line with the index. Housing additionally stays financially demanding in line with the index, though the ratio for buying one’s personal housing has barely improved in comparison with final yr. Shopping for a mean condominium now requires 13 annual salaries in comparison with 15 final yr. However, in line with the information, this is without doubt one of the worst leads to the European Union. The attractiveness of rental housing in comparison with shopping for one’s personal housing has decreased – whereas final yr the Czech Republic was the third most advantageous among the many EU nations, this yr it is just the thirteenth most advantageous.
“The circumstances for housing within the Czech Republic are worsened by excessive costs of recent buildings, monetary inaccessibility, the prolonged means of constructing permits, and new development total. Whereas Swedes or Finns can purchase an average-sized condominium for eight annual salaries, Czechs want 13, which is the fifth highest quantity within the EU,” mentioned analyst of the Europe in Knowledge venture Milan Mařík. The typical value of recent buildings is at present 57 p.c increased than in 2015, which is the sixth steepest enhance within the EU, the place the common is 37 p.c.
One of many areas that has improved when it comes to housing, in line with the index, is funding in residential development. Within the Czech Republic, this accounts for six.2 p.c of GDP, the fifth highest share within the European Union. In keeping with the newest knowledge, the Czech housing inventory consists of 509 residences per 1,000 inhabitants, the sixteenth highest quantity among the many EU states. Total, nonetheless, the Czech housing inventory stays inadequate in line with the index. (November 7)
