The real estate market in the Czech Republic

Abstract

This article deals with the real estate market under the current market conditions in the Czech Republic. The main objective of this article is to verify the stated hypothesis focused on the assessment of its own assets, quality of service and prioritization of some real estate agents, based on previous personal experience of the respondent through the use of a marketing survey. The problem encountered on this market is the lack of professionalism and the use of unfair practices by real estate agents, which leads to the dissatisfaction of clients as well as investors considering investing into the real estate market. Another problem in this area is that several authors divide financial markets into cash, equity, commodity and currency, but many fail to mention the real estate market or real estate assets. Nevertheless, most of the adult population in the Czech Republic has used, uses or is considering to use the real estate market in the future for their personal use. Even though a considerable amount of money is invested into the real estate market by clients and investors, it is not given as much attention as e.g. the stock market, while a number of buyers purchase housing for themselves using a mortgage, which has a maturity of tens of years.