Are ministry’s rental maps a missed opportunity?

Regional Development Ministry unveils rental pricing maps for reference only. Some experts say opportunities have been missed.

Real Estate

Kateřina Menzelová | 28.02.2011

CZE

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Location within a district is not taken into account on the rental maps

The Ministry for Regional Development on Monday unveiled new residential rent pricing maps based on district and building category. The ministry stresses that the maps are for referential purposes only, but some property experts says important details have been omitted and an opportunity missed to create a more purposeful — and accurate — evaluation system.

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Czech Real Estate Data

CZECHPOINT101|01.03.2011 - 09:45

Great article. This is truly a missed opportunity as it would help the industry tremendously in Czech Republic to have data from real estate transactions compiled.

Real estate agents really have a poor reputation in Czech Republic. I had read before that 50% of transactions are without agents but to hear now that it is closer to 40%, and that from the head of Czech Chamber of Real Estate Agencies (ČKRK) shows the need in the industry for regulation to improve the image. It is too easy to get a real estate license in Czech Republic.

Nathan Brown

CZECH POINT 101