However, this year will definitely not be a record for the number of pieces, said Vladimír Staňura, an advisor to the Czech Banking Association. So far, 73,000 of them have been sold so far, which is less than 90,000 for the whole year. For comparison, in the strongest year 2016, 115 thousand mortgages were sold. … Read more
“The growing volume of currency in circulation reflects a change in the behavior of the public and other money circulation entities in connection with emergency government measures against the spread of COVID-19. In a crisis situation, the public and entrepreneurs have stocked up on cash, as is always the case, ”says CNB spokeswoman Petra Vodstrčilová. … Read more
Year-on-year growth in house and apartment prices in the Czech Republic slowed to 7.7 percent in the second quarter, while prices rose by 8.6 percent a quarter earlier. Growth was the sixth highest among EU countries. While in previous recessions in the Czech Republic apartments have become cheaper, prices have not yet fallen. According to … Read more
The Czechia is currently experiencing the second wave of coronavirus. Maybe part of the economy will close again. “If the freezing of the economy was not so widespread and if it lasted a shorter time than then, the economy must expect an additional loss of about 270 billion crowns,” said economist Lukáš Kovanda. The economy … Read more