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Paperwork makes apartments more expensive, officials forced to artificially increase housing prices by 15%

Paperwork makes apartments more expensive. Without it, they would be 15 percent cheaper, says developer

Construction must continue even in times when there is not much demand for apartments. Suspending projects would result in an even more limited supply in the coming years than exists today. And the impact would be clear, their price would rise. The frozen market will force some investors in the development to sell their own projects. Marcel Soural, chairman of Trigema, is waiting for this opportunity. He plans to invest hundreds of millions of crowns in these acquisitions under the banner of a property development company.

Source : https://www.seznamzpravy.cz/kdyby-se-zrychlila-vystavba-byty-zlevni-az-o-15-procent-rika-developer
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