From the perspective of stimulating a somewhat still "sluggish" real estate market, we are interested in both sides: property supply and property demand.
When we examine the indicators of the real estate market, the most crucial parameters include a diverse and abundant property supply and the availability of financial resources. According to the latest statement by the Governor of the Czech National Bank (ČNB), Michl, it seems that a significant reduction in the ČNB interest rates will only occur once inflation remains "low for an extended period", approaching the ČNB's inflation target (2%). Therefore, it is anticipated that mortgage interest rates will drop below 5% in the second half of the upcoming year. A decrease in interest rates will likely boost the demand for mortgages, leading to increased interest in properties in the real estate market.
However, the question remains about the supply. If the supply continues to be sluggish, it may result in a demand surplus over the supply, potentially leading to a rise in property prices. Conversely, if many people decide to sell their properties, the market might experience a price drop. The invisible hand of the market means that it's impossible to coordinate among ourselves, so we can only speculate on how the situation will evolve.
As the saying goes, "Nothing is ever perfect." In other words, when addressing housing matters, we shouldn't wait for the ideal time, which might never come. We should consult the situation with a mortgage expert to assess what property and financing method we can afford. By the way, it's always possible to sell a property if necessary.
If I own a property and am considering selling it, I should reflect on the reasons for the sale. If I want to purchase another property, the selling price of my property corresponds to the price of another property on the market (I neither gain nor lose at any given time). If I need money for another purpose, I should consider whether this purpose will bring me more benefit than the potential appreciation of the property in the future. As for whether property prices will rise in the future, the answer is clear: YES, THEY WILL.
Let's not be swayed by what is "written and said." We should make decisions based on our needs and circumstances, not general opinions.
