Rent prices stable despite rent deregulation concerns

New figures from the Regional Development Ministry suggest that rent prices across the Czech Republic have remained largely stable, despite concerns about impending rent deregulation. In fact, price decreases have become evident in several areas of the country including the cities of Plzeň and Brno and the towns of Liberec and Pardubice, particularly for larger flats. Meanwhile, rent prices in Prague have also stabilised, although demand for small flats in the centre remains extremely high, with current prices around 255 crowns per square metre. Meanwhile, the Regional Development Ministry has been insisting that rent deregulation will lead to a decrease rather than increase in rents, although some dispute this. Rent deregulation has been phased in by both the current and previous government.

Author: Dominik Jůn