Czech Republic: Property price growth strong, for now

(MENAFN- ING) Czech property prices increased 8.7% YoY in the second quarter, based on the House Price Index (HPI) a broad measure of residential property prices among EU countries, which includes both prices of existing and new family houses, flats and land. This represents the fifth highest YoY growth rate among EU countries (see the chart below). Some 13 other EU countries also experienced property price growth exceeding 6% in the period. At 9.2%, the average price growth in the last year was the third highest in the EU, just after Portugal (9.3%), and Hungary (14.9%). Despite some slowdown from the 13% peak seen in 2017, Czech property price growth has remained solidly above the EU28 average growth of 4.4%.  

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