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Title: Real estate in the Czech Republic: number one investment or a price shock
Authors: Kievich, D.A.
Keywords: cost of money
real estate market
discount rate
volume of loans
Issue Date: 2021
Publisher: Пинск : Полесский государственный университет
Citation: Kievich, D.А. Real estate in the Czech Republic: number one investment or a price shock / D.А. Kievich // Банковская система: устойчивость и перспективы развития : сборник научных статей XII Международной научно-практической конференции по вопросам банковской экономики, Пинск, 29 октября 2021 г. : в 2 ч. / Министерство образования Республики Беларусь [и др.] ; редкол.: В.И. Дунай [и др.] – Пинск : ПолесГУ, 2021. – Ч. 2. – С. 124-129.
Abstract: Nowadays the impact of Covid could be seen not only in the Czech Republic, but all over the world; the value of money also constantly decreases due to inflation and negative trends in the economy. People usually try to save their money and they want to be sure, that their savings will not lose value. Citizens of the Czech Republic now perceive housing market as a safe haven and protect their savings by buying real estate. That is why, according to Czech economists, there is no reason for the withdrawal of the Czechs' huge interest in investing in real estate in the coming years. At the same time, it should be understood that overheated markets sometimes collapse with terrible consequences for the country's economy. And this is the responsibility of regulators, who must anticipate and prevent such trends in the markets.
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