Last year, 5,280 flats were completed in Prague, while in Varava it was almost 22,570 flats, 6,340 flats were built in Budapest and 5,770 flats in Bratislava. In relation to the number of inhabitants, the housing market developed the most in the capital of Poland, which at the end of 2020, together with Budapest, had the highest population – about 1.75 million.
Key indicator of the market living in the metropolises of Central Europe, the average price per meter is the apartment sold. Apartment prices in Prague are significantly higher than other cities. The average price in the Czech capital, according to JLL, reached 107 thousand crowns per square meter at the end of last year, which is twice as much as the average price in Budapest, which reached 56,200 crowns per square meter and not more than one and a half times the price. in Varav, where the average salary is 64,400 crowns per square meter. Here, however, it is necessary to change that the standard delivered apartment in Varav is a shell and core answer, when it is necessary to add to the price of about 16% for finishing work, which brings the total price to 74,700. living in Bratislava, the price was in Prague, so buyers paid 91,000 crowns per meter.
Despite the proximity of the market in Central Europe, individual countries have their own specifics, and this is the standard of housing units delivered or the VAT rate. Even after looking at these differences, it is obviously the least available living is in Prague and at the same time there is not a building here. The time of covidov brought an increase in the purchase of an apartment and the demand is hardly driven by the number of investment apartments, which in the past contributed to the fact that in Prague the prices are higher than in other CEE capitals. The Dalm factor, which does not benefit the whole development, is the length of the permitting process. Let’s see if the approval of a new building contract contributes to the permitting process and how it is reflected in the housing market, comments on the situation of Blanko Vakov, head of the market research department at JLL.
According to Doing Business, the Czech Republic ranked 157th out of 190 in terms of building permits. For example, they changed in neighboring Poland construction con six years ago, thanks to this, the land is on the 39th furnace, and the state there is more of it than in our country. One of the keys available living is the first in the offer, explains Blanka Vakova, Head of Market Research at JLL.
In Prague, 147 msnch gross salaries are needed to buy an apartment measuring 60 square meters, in Bratislava it is 133 msnch salaries, while in Varav only 98 gross salaries are paid and in Budapest even only 92.
|The poet completed the apartment||5280||22 570||6340||5,770 (BA region)|
|Average gross price for new flats in the offer (K / m2)||107 000||64 400||56 200||91 000|
|Pope poet (as of 31 December 2020)||1 335 084||1 793 579||1750216||432 836|
|Average gross monthly wage by locality (city or region), in CZK||43 675||39 440||36 900||41,150 th most common|
|The poet of my gross salaries needed to buy an apartment with an area of 60 square meters||147||98||92||133|
Source: JLL, Hungarian Central Statistical Office (data for Budapest), 2021