Can housing be affordable? That was the name of the workshop put on by Wolf Theiss and ThePrime at Sal architektů. Given the multiple causes of over-priced real estate here, the simplest answer is probably ‘not for now’.
And yet, there are signs of hope that new initiatives could help at least mitigate the constant grind of rising prices. The most promising of these was the prospect of deploying ‘long money’ from Czech financial institutions into the development process. Pavel Kelner of Dostupne Bydleni, a subsidiary of Česká spořitelna. He said that investors whose return-on-investment timelines . . .
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