Where is the housing market headed? The scenario from the financial crisis is not repeated, but the developers are dangerously holding back
After years of prosperity and seemingly insatiable demand, even developers in Prague found themselves in a difficult situation. The housing market has frozen due to expensive mortgages, while construction costs have skyrocketed due to inflation, expensive energy and more expensive bank financing. The result: the biggest players on the market are suspending projects, or at … Read more
