The impact of coronavirus: real estate market overview

Dear clients,

Thank you for your interest in the Prague real estate market. What you now have in front of you is the 2019/2020 Prague real estate market report overview. In this international comparison, we see that Prague remains an attractive investment location. Are you wondering how the corona crisis will affect the real estate market? To keep you up to date with the current situation, we are attaching this “Corona-Supplement”.

The lockdown period and the sudden disappearance of foreign tourists from the streets of Prague are certainly going to have some negative impact on the local real estate market. At the same time, however, new opportunities are emerging for those who have been cautious in the past, as well as for those with sufficient financial resources.

In order to provide you with the best possible and most current ‘corona-market’ overview, we have gathered together the thoughts of the head salesmen of each of our 4 professional teams: residential sales, residential rental, commercial sales and commercial rental.

Given the current situation and its exceptional challenges and opportunities, I am convinced that our company and its 60-member team can be of service now even more than ever before: we are here to support you by providing the added value that you need in terms of independent expert advice on any corona situation-related issues you may be currently dealing with. Of course we are also always happy to provide our usual services and know-how. Feel free to contact me or my colleagues any time. We are, and have been, at your disposal since the first day of quarantine, just like as always.  

Yours,

Andreas von Schlik and the Engel & Völkers Prague Team