Svoboda & Williams' New Market Report Maps the Residential Market in the Second Half of 2018

Svoboda & Williams' New Market Report Maps the Residential Market in the Second Half of 2018

Published at: 2019-03-04 10:13 | Author: Svoboda & Williams
Svoboda & Williams published its second Market Report, which biannually analyzes the situation in the premium sector of Prague’s residential real estate market. The new issue focuses on key trends in the second half of 2018.

The Market Report analyzes data on sales and rental transactions realized by Svoboda & Williams. It also includes information that was acquired from the Cadaster of Real Estate about the sale of properties with similar parameters to ones in the portfolio of Svoboda & Williams. The monitored sample therefore covers a significant portion of Prague’s premium residential market.

We noted the following trends in the premium residential property market in the second half of 2018:

- cooling of demand
- a year-on-year decrease in the average achieved price per sq. m. for apartments in S&W’s sample; exceptional properties at the tip of the real estate iceberg continue to break records
- prices of apartments in Prague reached the limits of people’s purchasing power, but construction costs are still rising – developers are in a difficult situation

- a persistent strong interest in rental housing, developers gradually increased their activities in this sector
- a wider offer of quality rental apartments, the supply was catching up with the increased demand
- lowering the pressure on the growth of rents
- gradual change from a landlord’s to a tenant’s market

The Market Report also includes a detailed analysis of sales and rental prices in Prague’s premium residential property market. In order to interpret the development of the rental market more accurately, Svoboda & Williams utilized the The Rental Price Index by S&W+VŠE, an analytical tool, developed in cooperation with the Faculty of Informatics and Statistics of the University of Economics in Prague. The Market Report works exclusively with data that is based on achieved rather than listed prices.

Similar Stories:

Poland maintains dominant position in CEE investment market
Poland maintained its dominant position in the Central and Eastern Europe investment marke  »
Colliers International appointed new Head of EMEA REMS
Colliers International appointed Andy Hay as its new Head of EMEA Real Estate Management S  »
Active H1 for Poland’s investment property market
Commercial land prices were stable over the first half of 2019, while prices for residenti  »
OTT-ONE expanding to China
OTT-ONE is expanding to China. The Hungarian IT company signed a contract with APEC E-comm  »
Is it a priority for you to strengthen your teams in all areas or do you think it’s bett   »
How was 2018 for you? Have you been able to take full advantage of these strong economic t   »
Why has it taken so long for development of the central western portion of Bucharest to be   »
Where do you see your company going over the next two years? We are staying true to the   »