Residential MarketResidential MarketSupply vs. Demand
David MazacekAcquisition Manager, Crestyl
1
Residential Market
2
100 000
120 000
140 000
160 000
Price development across regions in CZE
0
20 000
40 000
60 000
80 000
Cze
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3
>60%over 60% transactions withapartments happens in Prague
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
10 000
20 000
30 000
40 000
50 000
60 000
20
05
Q1
20
05
Q3
20
06
Q1
20
06
Q3
20
07
Q1
20
07
Q3
20
08
Q1
20
08
Q3
20
09
Q1
20
09
Q3
20
10
Q1
20
10
Q3
20
11
Q1
20
11
Q3
20
12
Q1
20
12
Q3
20
13
Q1
20
13
Q3
20
14
Q1
20
14
Q3
20
15
Q1
20
15
Q3
20
16
Q1
20
16
Q3
20
17
Q1
20
17
Q3
4
Apartments prices are rising, but are we comparing „apples with apples“ in time?
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
5
4950 5 6006 200 6 650 5 500
20172016201520142013
16
mld
31 m
ld
Supply of New apartments in Prague
39494000
4500 4636
41654500
5000
Construction started Building permit issued
16861531
2478
3625
3949
1707
2487
474500
1000
1500
2000
2500
3000
3500
4000 4165
3107 3017 2910 2848
2456
113500
1000
1500
2000
2500
3000
3500
4000
4500
6
0
500
2011 2012 2013 2014 2015 2016 2017 2018 -
Jan
113
0
500
2011 2012 2013 2014 2015 2016 2017 2018 -
Jan
Average Mortgage vs. Average Brutto Wage in Prague
70%72%
65%
70%
75%
54%
57%
61%
55% 55%
51% 51%50% 49%
51%
56%
40%
45%
50%
55%
60%
65%
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
- Q
1
Increasing income Increasing apartment prices Increasing interest rates
7
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
- Q
1
Any questions please
Thank you for your attentionThank you for your attention
David [email protected]
www.crestyl.com
Petra Klumplerova
8