FINANCIAL UNAVAILABILITY OF HOUSING IN THE CZECH REPUBLIC AND RECOMMENDATIONS FOR ITS SOLUTION

Authors

  • Eduard Hromada Czech Technical University in Prague, Czech Republic Author
  • Klara Cermakova Czech Technical University in Prague, Faculty of Civil Engineering, Czech Republic Author

DOI:

https://doi.org/10.52950/ES.2021.10.2.003

Keywords:

Housing, Financial unavailability of housing, Mortgages, Real estate prices, Employment, Regional disparities

Abstract

The paper deals with the issue of unavailability housing in the Czech Republic, which affects an increasing number of people. As a result of the covid-19 pandemic, there has been a significant increase in property prices and widening the price to income gap, which mainly affects young people. This paper describes the basic causes of this undesirable phenomenon in society and provides recommendations that should be quickly adopted by the state and municipalities to improve the situation as we see a risk of an increase in social tension in society and a deterioration in the availability of employment for low-income professions.

 

Received: 3 Oct 2021
Revised: 22 Nov 2021
Accepted: 6 Dec 2021
Published: 20 Dec 2021

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Published

2021-12-20

Issue

Vol. 10 No. 2 (2021): International Journal of Economic Sciences

Section

Articles

License

Copyright (c) 2021 Eduard Hromada, Klara Cermakova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Hromada, E., & Cermakova, K. (2021). FINANCIAL UNAVAILABILITY OF HOUSING IN THE CZECH REPUBLIC AND RECOMMENDATIONS FOR ITS SOLUTION. International Journal of Economic Sciences, 10(2), 47-58. https://doi.org/10.52950/ES.2021.10.2.003
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