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

Eduard Hromada () and Klara Cermakova ()
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Eduard Hromada: Czech Technical University in Prague, Faculty of Civil Engineering
Klara Cermakova: Prague University of Economics and Business

International Journal of Economic Sciences, 2021, vol. 10, issue 2, 47-58

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.

Keywords: Housing; financial unavailability of housing; mortgages; real estate prices; employment; regional disparities. (search for similar items in EconPapers)
JEL-codes: O18 R21 R31 (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:aop:jijoes:v:10:y:2021:i:2:p:47-58

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