Vladimír Urbánek (Kurzy.cz)
Markets  |  April 16, 2013 11:22:12

Annonce: offer real estate increased by half, now is the best time to buy


This spring she mixed in terms of acquisition of property more than interesting cocktail. The continuing recession and increased competition for banks in the first months of the year brought some of the lowest mortgage interest rates. Property prices are the lowest in the last five years and continue to decline. Moreover, according to data Annonce.cz offer properties in the first quarter increased by more than half.

Literally bank price war in March pushed mortgage rates to historic lows next. An exception are the 'action' interest mortgage loans amounting to around 2.5%, a historic low. Average housing prices in the same month compared to February decreased by 3% (pp).  

Starting next year, come buy a property path

'Acquisition of real estate right now recording even more real. From next year, changing legislation and the obligation to pay tax on the transfer of property passes to the buyer. A newly enacted 4% tax already can buy a house or apartment fairly expensive. At the apartment for two million state pay 80,000 crowns, which can not be used to furnish the house, "explains expert on reality server Annonce.cz Petr Langer.

Although the seller with respect to the change in the payment of real estate transfer tax advantageous to wait for next year, offer for sale houses and apartments grows.

The real estate market alive

"From the beginning of the year registered a marked increase in the offer of sale of real estate. Most dwellings increased about 1 million, up by 55%. Classifieds home sales in categories in 2 and 5 million for the first quarter increased by an average of 45%, "Adds the expert reality Annonce Petr Langer. And also explains why: "At a time when the price of real estate goes down or at best stagnating and supply still exceeds demand, it makes no sense to delay the sale. Regrowth prices can be expected in the next five years and more, the prizes are still rather rationalizing the price level of 2006. In addition, it is also affected by the increased number of households unable to meet its financial obligations. "

In March, as well as every year at this time significantly increased the demand for buying an apartment or house. On average, increased by 30%. In the category flats up to 1 million but increased more than twofold.Offer of property generally, according to Annonce exceeds demand approximately fourfold.

Renata Fišerová, Annonce

Ondřej Klein, Heretic PR

 

  

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