Vývoj trhu nemovitosti v ČR v návaznosti na finanční krizi

The aim of the thesis is to analyze the development of the real estate market in the Czech republic in the context of the recent financial crisis in the USA. The current situation on the financial markets is highly uncertain and creates concerns of both, investors and regulators. Central banks in an effort to support the development of national economy keep interest rates low, which is an example of Czech National Bank. During analyzing trends in the czech real estate market were found significant relations with the development of macroeconomic variables whose deterioration caused reduction of the disposable income of the population and decrease of demand in the real estate market. However, the biggest influence on the development of the market has monetary policy and the associated availability of mortgage loans, as the most common source of funding. Banks due to expectations changes conditions for providing loans and criteria of the creditworthiness of clients. Developments in the individual segments of the market vary considerably and therefore it cannot be described by single price index. Despite the current downward trend, there is a noticeable interest in new, high-quality properties at the expense of old ones.