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Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1...

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Residential Market Residential Market Supply vs. Demand David Mazacek Acquisition Manager, Crestyl 1
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Page 1: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Residential MarketResidential MarketSupply vs. Demand

David MazacekAcquisition Manager, Crestyl

1

Page 2: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Residential Market

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Page 3: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

100 000

120 000

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160 000

Price development across regions in CZE

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>60%over 60% transactions withapartments happens in Prague

Page 4: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Price per sqm of new apartments in Prague

62 904

87 644

60 000

70 000

80 000

90 000

100 000

42 953

0

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Apartments prices are rising, but are we comparing „apples with apples“ in time?

Page 5: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Sold and Available new apartments in Prague

Available New Apartments in Prague

74005500 4 200

4 53174005500 4 200

4 531

2012 2015 2016 2017

New Apartments Sold in Prague

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4950 5 6006 200 6 650 5 500

20172016201520142013

16

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ld

Page 6: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Supply of New apartments in Prague

39494000

4500 4636

41654500

5000

Construction started Building permit issued

16861531

2478

3625

3949

1707

2487

474500

1000

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4000 4165

3107 3017 2910 2848

2456

113500

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2011 2012 2013 2014 2015 2016 2017 2018 -

Jan

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2011 2012 2013 2014 2015 2016 2017 2018 -

Jan

Page 7: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Average Mortgage vs. Average Brutto Wage in Prague

70%72%

65%

70%

75%

54%

57%

61%

55% 55%

51% 51%50% 49%

51%

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Increasing income Increasing apartment prices Increasing interest rates

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Page 8: Residential Market Supply vs. Demand · 2005 Q1 2005 Q3 2006 Q1 2006 Q3 2007 Q1 2007 Q3 2008 Q1 2008 Q3 2009 Q1 2009 Q3 2010 Q1 2010 Q3 2011 Q1 2011 Q3 2012 Q1 2012 Q3 2013 Q1 2013

Any questions please

Thank you for your attentionThank you for your attention

David [email protected]

www.crestyl.com

Petra Klumplerova

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[email protected]


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