Let’s start with Czech capital. Its dominance of the local market is evidence of real wealth in the country and faith in property as an asset class. But you could also see it as a sign the market is becoming less international.
It's both. The positive side is that in the Czech Republic and Slovakia, we have the legal infrastructure for local capital. This local capital correctly (rationally) sees real estate as an excellent investment, given the country’s level of affluence and the lack of supply in Czechia. At the same time, if you look . . .
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