Czech Republic Colliers’ prognosis for the Czech market in 2023
Investment & financeschedule 13 January 2023
With authorities focusing on refurbishments of public areas and squares, the look of Prague’s high street is improving
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According to Colliers, rising energy prices, construction costs and rents, the crisis of restaurants, pressure for ESG compliance and changes in the Prague high street are the main trends that will affect the Czech real estate market in 2023.
Substantial changes will occur both in the field of industrial and office real estate, as well as in the residential housing. According to Colliers the real estate market in the Czech Republic will be influenced by following 10 main trends this year.
Construction and financing costs will remain high
It is unlikely that construction materials prices will decrease dramatically in the short term, and the newly developed projects will have more difficulty proceeding without a business plan or prof
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