New data just released by our partners in the Czech Republic - Property In Prague (PIP) - shows astonishing property price rises across the board in the capital and also Brno - AND in some less familiar investment cities.

And Czech market expert, Erik Dempsey, who collated the data believes the figures indicate a year of stellar price growth in 2007.

What the numbers show - see tables below - is that there was, as we have previously explained, a pause in price growth following the country's accession to the EU in 2004.

That slowdown continued into 2005, which was fairly flat. But the market then roared ahead again in 2006.

Erik is clear why we have seen this pattern develop.