Index: The availability and quality of housing in the Czech Republic is now the fifth worst among EU countries

Prague – The availability and quality of housing in the Czech Republic is the fifth worst among the European Union countries. Currently, the Czech Republic ranks 23rd among the European twenty-seven and has dropped by one place compared to last year. The reasons are primarily rising housing costs and insufficient construction. The attractiveness of rental housing compared to buying one’s own housing has also significantly declined. This is according to this year’s Index of Prosperity and Financial Health prepared by Česká spořitelna and the Europe in Data portal.

A serious housing problem currently affects 1.6 million Czechs according to the index. Housing also remains financially demanding according to the index, although the ratio for acquiring one’s own housing has slightly improved compared to last year. Buying an average apartment now requires 13 annual salaries compared to 15 last year. Nevertheless, according to the data, this is one of the worst results in the European Union. The attractiveness of rental housing compared to buying one’s own housing has decreased – while last year the Czech Republic was the third most advantageous among the EU countries, this year it is only the 13th most advantageous.

“The conditions for housing in the Czech Republic are worsened by high prices of new buildings, financial inaccessibility, the lengthy process of building permits, and new construction overall. While Swedes or Finns can buy an average-sized apartment for eight annual salaries, Czechs need 13, which is the fifth highest number in the EU,” said analyst of the Europe in Data project Milan Mařík. The average price of new buildings is currently 57 percent higher than in 2015, which is the sixth steepest increase in the EU, where the average is 37 percent.

One of the areas that has improved in terms of housing, according to the index, is investment in residential construction. In the Czech Republic, this accounts for 6.2 percent of GDP, the fifth highest share in the European Union. According to the latest data, the Czech housing stock consists of 509 apartments per 1,000 inhabitants, the 16th highest number among the EU states. Overall, however, the Czech housing stock remains insufficient according to the index. (November 7)


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

Ein Spaziergang durch Kiew mit Botschafter Thoms

Ein Spaziergang durch Kiew mit Botschafter Thoms

During a walk through the Ukrainian capital, Germany’s ambassador Heiko Thoms explains to Gordon Repinski how the Ukrainians’ pursuit of normalcy has become a deliberate act of defiance against Russian aggression.
Thoms reflects on the toughest winter in decades. Weeks of sub-zero temperatures, systematic attacks on energy infrastructure, and constant generator noise were meant to wear

Read More

Europe on Alert as Extreme Heat Threatens Public Health

Europe on Alert as Extreme Heat Threatens Public Health

Southern Europe, June 26 – Eurotoday Newspaper — Public Health Europe remains the primary focus as authorities across southern Europe respond to an intensifying heatwave that has pushed temperatures to dangerous levels. Millions of people are under weather alerts as health agencies urge residents and tourists to avoid prolonged sun exposure, stay hydrated, and check on elderly and vulnerable ind

Read More

Bosnia Begins WU19 EURO With Broader Ambitions

Bosnia Begins WU19 EURO With Broader Ambitions

Women’s Youth Championship Kicks Off in Sarajevo and Zenica, spotlighting legacy, access, and Spain’s supremacy
By Daniel Mercer, Sports Correspondent, The European Times
The UEFA Women’s Under-19 Championship starts this weekend in Bosnia and Herzegovina, showcasing eight of Europe’s top youth teams in Sarajevo and Zenica. The competition is significant, particularly with Spain defending

Read More

Erdoğan launches crackdown ahead of NATO summit

Erdoğan launches crackdown ahead of NATO summit

Some journalists denied accreditation are from outlets critical of President Recep Tayyip Erdoğan.
NATO spokesperson Allison Hart stated Thursday that the alliance “relies on the host nation to provide assessments on journalists from their country.” NATO is communicating with Turkish authorities on accreditation, emphasizing the importance of media attendance at major events.
Campaigners accuse th

Read More

Why Thousands of UK Entrepreneurs Are Opting for Company Formation Packages in 2026

Why Thousands of UK Entrepreneurs Are Opting for Company Formation Packages in 2026

London, June 26 – Eurotoday Newspaper — Company formation packages are seeing record demand as thousands of UK entrepreneurs turn to online incorporation services to launch new businesses quickly and efficiently. Industry professionals report that founders are increasingly selecting digital registration solutions that combine company incorporation with compliance support, helping reduce paperwor

Read More

Brussels Strengthens Controls on Strategic Investment

Brussels Strengthens Controls on Strategic Investment

EU Implements Mandatory Foreign Investment Screening Across Member States, Retaining National Decision-Making Power
The European Union has issued new guidelines for foreign investment screening, signifying a notable change in overseeing strategic areas like digital infrastructure, energy, transport, critical raw materials, and advanced technologies. This framework aims to bridge gaps between nat

Read More

Governments and Private Sector Must Unite to Counter Hybrid Attacks

Governments and Private Sector Must Unite to Counter Hybrid Attacks

Offshore Energies UK reported “drone sightings near offshore energy structures” in April. “Our platforms are 100, 150 miles out in the middle of the sea, so you don’t typically have many neighbors — you don’t have people coming and visiting unless they have a very good reason,” Graham Skinner, the trade body’s health and safety manager for offshore infrastructure, told the

Read More

Guide for New Company Directors: Essential Director Responsibilities for UK Business Owners

Guide for New Company Directors: Essential Director Responsibilities for UK Business Owners

London, June 26 – Eurotoday Newspaper — New company director guide searches are increasing as more entrepreneurs establish limited companies across the UK. Business advisers say new directors are paying closer attention to their legal responsibilities after incorporation, with compliance becoming a key issue for startups navigating their first year of trading.
Compliance Expectations Increase fo

Read More

EU Ministers Support Grid Overhaul

EU Ministers Support Grid Overhaul

Council’s Stance Initiates Talks on Expedited Permits, Enhanced Interconnections, and Security Rules for Europe’s Power Networks
On Friday, EU energy ministers reached a consensus on a significant package aimed at modernizing Europe’s energy grids, advancing the bloc towards new rules to accelerate cross-border infrastructure, alleviate bottlenecks, and support the transition t

Read More

Understanding the Importance of a Registered Office Address for Every UK Company

Understanding the Importance of a Registered Office Address for Every UK Company

London, June 26 – Eurotoday Newspaper — Virtual registered office services are seeing increased demand as more entrepreneurs register companies online and seek flexible ways to meet UK legal requirements. Company formation specialists say the trend reflects the continued growth of remote businesses and digital startups across the country.
More New Companies Choose Professional Registered Office

Read More