Publications to Download

Lux M., P. Sunega, M. Mikeszová, T. Kostelecký 2008

Housing Standards 2007/2008
The Factors behind the High Prices of Owner-Occupied Housing in Prague

Prague: Institute of Sociology, Academy of Sciences of the Czech Republic.

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The analytical part

This part of the publication offers deeper scientific analyses focusing on a comparison of price trends for residential real estate in selected OECD countries, P/I ratios and an evaluation of the demand-side and the supply-side factors in the Czech residential real-estate market. Following texts are only very short excerpts from the publication.

1. An international comparison of price trends for residential real estate

2. An evaluation of the trend in residential real-estate prices in advanced countries

3. Residential real-estate prices in the Czech Republic: evaluating the trend

3.1 Introduction

3.2 The price-to-income ratio analysis in the Czech Republic and in Prague

4. The factors behind the high value of the P/I ratio in Prague

4.1 Introduction

4.2 The strong preference for owner-occupied housing amongst the Czech population

4.3 How do young people behave in the residential real-estate market?

4.4 Intergenerational and family assistance

4.5 Prague’s dominant economic performance

4.6 Incomes from the shadow economy

4.7 Speculation (investment) in housing

4.8 Foreigners in Prague and in regions outside Prague

4.9 Media pressure promoting housing ownership

5. Supply-side factors

5.1 Introduction

5.2 Flat-owners who prefer leasing their flats to selling them

5.3 A shortage in the supply of new flats in Prague

6. Conclusions and recommendations

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