IDEAS home Printed from https://ideas.repec.org/p/sek/ibmpro/12713394.html
   My bibliography  Save this paper

Impacts of the COVID-19 pandemic on the residential market in Prague

Author

Listed:
  • Eduard Hromada

    (Czech Technical University in Prague, Faculty of Civil Engineering)

Abstract

The paper describes the changes in the residential market in individual city districts in Prague due to the COVID-19 pandemic. In Prague, there is a significant decrease in the use of short-term rental of apartments through Airbnb and Booking services. Due to the impossibility of renting an apartment to tourists, the owners offered their apartments on the market of long-term rentals. There is an increase in the supply side, which has an impact on falling rental prices. The biggest changes are taking place in the centre of Prague. On the other hand, there is a significant increase in the selling prices of flats, which is mainly related to the monetary policy of the central bank, low mortgage interest rates and citizens' fears of rising inflation. The paper compares the price development in individual city districts of Prague for the period 2018 to June 2021.To describe the development of the residential market in Prague, the EVAL software is used. The EVAL software collects, analyses and evaluates real estate advertising in the Czech Republic.

Suggested Citation

  • Eduard Hromada, 2021. "Impacts of the COVID-19 pandemic on the residential market in Prague," Proceedings of Business and Management Conferences 12713394, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:ibmpro:12713394
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/12th-business-management-conference-prague/table-of-content/detail?cid=127&iid=005&rid=13394
    File Function: First version, 2021
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lucie Brozova & Petr Dlask & Zita Prostjeovska, 2022. "Evaluation of Price Fluctuation of Determining Materials for Total Construction Cost," Proceedings of Economics and Finance Conferences 12915597, International Institute of Social and Economic Sciences.

    More about this item

    Keywords

    Real estate market; data mining; data analysis; Prague;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:ibmpro:12713394. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.