Prices of country cottages and summer cabins falling in Czechia

Interest in country cottages and summer cabins (chaty) is on the decline in Czechia and the price of these properties is therefore also declining, Czech Television reported on Monday citing several real estate agents. This is in contrast to a rise in demand for such properties during the years of the coronavirus pandemic

The spokeswoman for the real estate website Videobydlení, Monika Lukešová, said that prices of recreational properties have been on the decline for seven months now, falling by about 20 percent. The fall is especially noticeable in properties that are far from large cities, real estate agent Jan Ptáček told Czech TV.  The rise in energy prices is also playing a role, Ms Lukešová said.