Purchases of apartments for investment have increased by an average of a quarter per year, with eight out of ten such customers being Czech. According to a February survey conducted by CEEC Research among 40 developers. According to two-thirds of them, the current corona virus crisis is affecting this increase.
“It is true that the coronary crisis has increased the share of real estate purchases for investment purposes. For example, in projects such as Podalek Quartet, the share of investment apartments currently stands at 25 to 30 per cent.
According to some developers, the share of investment apartments in some places can reach up to 40 percent. Among foreign investors, they are currently mostly residents of Slovak, Russian or Asian countries. “They are small investors, investing their savings. Often they buy one to three apartments in different locations. The rental income may be as high as three per cent. This is not the case when up to five per cent is needed.” Kunovsky said.
Peter Benek, director of Geoson Development, said the company had recorded increased demand from investors even before the corona virus outbreak. From individuals and small companies.
“The share of investment housing funds in the Czech Republic has been low for a long time, which is a shame because they can be an integral part of the affordable price. Said.