Economic Factors and Real Estate Market in the Czech Local Scene

Abstract:

The aim of this paper is to describe the development of selected macroeconomic factors in connection with the real estate market in the Czech Republic. The main focus will be given to the situation in the last years in GDP, corporate tax, inflation, interest rate for credits, development of sales of real estate and housing construction. The paper is mostly based on the data from the Czech official authorities. It is expected that due to low interest rates will growth the amount of the loans on the building saving and mortgage loans. The topic is very important also from a regional perspective. Construction of new houses and flats and moving into the older real estate is an integral impact on life in the region. A detailed research together with the analysis and critical assessment of accessible materials will enable to identify the main objectives in the field of study. The analysis of the initial state will consequently enable to identify the key factors and knowledge.
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