Mediafax (Mediafax)
Real estate  |  December 13, 2010 15:25:20

Ekospol: Orders from residential developers next year will rise to 3.7 billion prostaví


Mediafax

PRAGUE (MEDIAFAX) - Next year the volume of orders from the Prague residential developers for construction companies to increase again, just in Prague could prostavět to 3.7 billion. This follows from the analysis of development Ekospol, published on Monday.

Analysts Ekospol is found that for 2011 in Prague, proposed to build at least 2,800 new housing development in 27 projects with 50 or more dwellings. "The apartments, which are already sold but not yet begun to build. It is therefore expected that the construction of these apartments will be launched in 2011. On the basis of their years of experience Ekospol estimated total investment cost of at least 3.7 billion," says the developer.

The outlook for 2012, then by Ekospol still optimistic. "According to the developers of projects of Prague, which have not yet started to sell, and prepared according to the EIA projects in the database should be in 2012 started construction of at least 3,500 new dwellings. This represents an investment cost of at least 4.7 billion crowns," results analysis of the company.

Great Prague developers, according to CEO and Chairman Eugene Ekospol Korca with plans prepared for a situation where the market will lack real small and affordable housing. "Due to the significant decline in the number of new dwellings started last year and this year it is expected that the housing shortage occurs just next year. Therefore, developers are planning over the next two years, significantly higher investment than this year or last year," said Korec.

Between 2009 and 2010 there was a significant decline in active development companies, which Prague building and selling apartments. "While the real estate boom when the market moved more than 115 active residential developers, now they hardly count 70th Although it is not like many people, I think that the economic crisis, the Czech property market clearly benefited," said Korec.

Due to reduced construction activity and a decline in demand for construction work has significantly dropped their prices, in the tens of percent. "The decline in prices allows developers of new projects to set up housing prices well below the magical limit of 50 000 CZK including VAT per square meter. A quality housing at this price they go to market as well as during the boom," says Korec.

The Czech construction company but according to Korca Prague residential development in terms of volume of funds invested only a drop in the sea. "Far more important is for them to line construction and other contracts resulting primarily from the public sector. And there are better times yet neblýská," said Korec. Only investment in transport infrastructure is the state fell by 35 billion.

Filip Sušanka, susanka@mediafax.cz

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Ekospol: Zakázky od rezidenčních developerů příští rok porostou, prostaví až 3,7 miliardy

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