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Recession relief

Ivo Gavlas, CEO of one of the country's largest real estate firms, offers tips for surviving the crisis


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The opinions expressed in this discussion do not necessarily represent those of The Prague Post.


#1 Posted by

y Turner
Unregistered user
Jul 26, 2009 4:20 pm CET

I find it troubelling for the Czech citizens that property values are so overpriced that it makes no sence. The average earner - university grad earns barely enough to pay for rent and grocerries. They certainly cannot afford to purchase a home. This is very troubelling it seems that Czech republic has overpiced it self. While properties drop everywhere else.
The value of homes in France for example including the style, comfort and luxury standard in comparrison to Czech republic is much more lucrative for an outsider to consider. You can purchase a very comfortable chateau for $ 1mil. plus in France. Can't compare to anything close in the Czech area. Therefore I'm out. as far as purchasing anything in the Czech region even though I can afford it.
The luxury I'm looking for simply does not exist yet in Czech republic nor does the value for your money. It exists in Spain, France, US, Canada, etc.
At one point it was thought that once the eastern block countries joined the european union that people from the west would find these regions an attractive investment - no longer so. These countries have simply overpriced themselves - to the point their own citizens cannot afford to live there comfortably. Prices are too high for any investor to consider when you look at what you get for your money elsware.

The ratio of income earners to the cost of property ownership makes no sence at all and is troubelling.
Therefore I'm out. Check out www.mls.ca or Arizona realestate USA

#2 Posted by

ian dowie
Unregistered user
Jul 1, 2009 7:11 am CET

What advise could Mr Galvas give to the homeless on the streets of Praha needing medical care. Those for whatever reasons have lost everything and have no voice. Its a genuine question; maybe some professional compassion and input may help someone avoid freezing to death in a bank doorway on the streets of the Czech capital.

#3 Posted by

Abe Garcia
Unregistered user
Jun 29, 2009 6:53 pm CET

V informative interview!
 
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