MIPIM News: AFI Europe could launch rental scheme by next year

MIPIM News: AFI Europe could launch rental scheme by next year

Published at: 2019-03-14 10:21 | Author: CIJEurope.com
AFI Europe's CEO in the Czech Republic Doron Klein says the company is planning to launch a project to build rental flats, with construction possibly starting as early as next year. He's convinced that conditions on the residential market are becoming ripe for growth in this sector. "Apartments are so expensive in the city, with an average price of more than CZK 100,000 per square meter and mortgages are also becoming more expensive ane more restrictive. I think there will be substantial demand for residential for rent in Prague."

Speaking at MIPIM, he said that despite the wider concerns of a potential market slowdown and potential shocks to the system such as Brexit, the situation in the Czech Republic continues to be positive. "I don't see a significant threat in Prague. The market is healthy. It's true that it's influenced by develolpments in the region but I really don't see a major risk to developers who are still very conservative in their approach compared to other countries."

Similar Stories:

Peter Noack, Zeitgeist: interest in rental housing to increase sharply in Czech Rep.
The Czech Republic is among the countries with the lowest share of rental housing in the E  »
Berlin’s battle over resi rents heats up with referendum call
With a rise in rent provokes anger in Berlin, some residents are hoping to put the squeeze  »
Rising residential prices driving up Prague rents
Demand for rental apartments is growing rapidly, driving up the price of rents, according  »
Kovanda: Flats in Prague could double in price by 2030
Prague is missing 20,000 flats, writes the economist Lukáš Kovanda, and with 160,000 new  »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »
Czech Republic  ♦  Round Hill plots European growth
The buildings are located in Helsinki and in regional towns near the south of the country.   »
The 340 apartments, built in a total of nine buildings, have long since sold out as Slovak   »
Emotions are running high on the Romanian residential market where demand is outstripping   »