Industry revenue of »rental and operating of own or leased real estate« in Czechia 2011-2023

Revenues of the Czech rental and operating of own or leased real estate industry are projected to only grow from 6.4 billion U.S. dollars in 2012 to 7.2 billion U.S. dollars by 2023. Key reasons for the tepid growth include the rising prices for residential and office properties, which have resulted in a decline in real estate investments. To give this some perspective, the average price for a 120 square meter apartment in the country as of April 2020 amounted to 6,688 euros, 11 percent more than the EU average. Further, the house price index has also been increasing over the past years and reached a five year high value of 152.3 index points as of the fourth quarter of 2018.

Moreover, the outbreak of the corona virus has further added to the industries’ woes. Investment activity has already witnessed a 75 percent year over year decline in the first quarter of 2020. Experts believe that the unemployment rate might surge to eight percent in 2020, which would lead to falling business and consumer confidence, further impacting investment activity.

Industry revenue of »rental and operating of own or leased real estate« in Czechia from 2011 to 2023

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$700 per month*
(billed annually)
* Prices do not include sales tax.
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Czechia. The industry “rental and operating of own or leased real estate“ has the code “L682“.

Details on the methodology can be found here.

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