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 least considering it. In some cases, it doesn’t pay for them to build today. How will this affect the housing market and where will prices go?
