Construction Maeconomics Conference 2014
Comparison of the development of purchasing power in
the purchase of residential units in selected locations in Bohemia and Germany
Purchase of residential units
represents one of the greatest cost in life of average
people. This title solves differences between flats purchaising
for different nations which live in different standard of living. This title
compares price level of flat units in year 2013 and 2014 in selected areas in
Bohemia and Germany and compares this price level to net wage. This comparison
should bring basic idea about situation on housing markets in selected areas. From
evolving costs of properties we can notice slight increase of them during the
period. But this increase is more significant than increase of salaries.
Inflation is the next factor that can have an influence on the demand of
properties and in the last decade is getting higher. According to increasing
difference between the evolving costs of flats and the salaries, we can
determine unequal development of each of them. From amount of demands, amount
of sales and the highest price of properties in 2007-2008 is
noticeable that there are other factors than inflation, for example a
demographic change of inhabitants. In the last few years, specially
from 2006, there is also increasing number of mortgages.
Price level; compare;
housing markets; net wage.