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Why to steer clear of investing in cheap Soviet-era properties
7th September 2005

The apartments, perfectly acceptable during the Soviet era, are now completely out of favour. Demand has fallen 30% and prices for them have crashed as a result.

We predict that there will be no change in this trend. The forecast is that as the well-paid, well-educated, professional Czechs will increasingly turn their backs on old-style accommodation

Demand for newer, more modern properties will rise. With new builds unable to keep up, the result, inevitably, as demand outstrips supply, will mean capital growth and rising rents.

 


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