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

Eduard Hromada; Klara Cermakova

doi:10.52950/ES.2021.10.2.003

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 housing unavailability 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 a widening of 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 there is a risk of increasing social tension and a deterioration in employment accessibility for low-income professions.

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

Downloads

Download data is not yet available.

Downloads

Full text (pdf)

Published

2021-12-20

Issue

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

Section

Articles

License

This work is licensed under a Creative Commons Attribution 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