Publication details

Historical development and current problems of Czech housing sector



Year of publication 2017
Type Article in Proceedings
Conference Hradecké ekonomické dny 2017
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords real estate market; mortgage interest rate; mortgage banks; monetary policy
Description This paper is focused on housing sector in Czech economy since 1998. At first, the history of housing market is described using time series which covers a period between 2006:Q1 and 2016:Q1. There are mentioned key structural breaks on real estate market and how these have changed relationship between the housing sector and business cycle of the Czech economy. Second part shows current states on the Czech real estate market: (i) heating the real estate market (ii) transition from rents to real estate purchases (iii) higher household indebtedness. At the end work describes mortgage banks and their policy; specifically, how the banks set mortgage interest rates and loan to value ratio (LTV) in accordance with expansionary monetary policy.
Related projects:

You are running an old browser version. We recommend updating your browser to its latest version.

More info