According to HN Daily prices of apartments significantly rose this year. The biggest increases were recorded in Prague where prices rose by up to 30% y/y driven by economic growth and wide availability of mortgages.
Our view: The grow of real estate prices is not a surprise due to the growing economy, higher living standards, availability of cheap mortages and still lower prices in comparison with other European EU capitals. We see news as neutral for today’s trading and reiterate our Buy recommendation.