The Attractiveness of Weekend Housing and Holiday Cottages as a Trend in Slovakia and Surrounding Countries Impacts Real Estate Markets
Abstract
During the coronavirus pandemic, holiday properties increased significantly in all regions of the Czech Republic and the Slovak Republic. The aim of the paper is to examine the current state of recreational real estate in the Czech and Slovak areas with the following definition of the intensity of the influence of decisive factors in the issue of recreational real estate by consumers. The research used the primary research to determine the influencing factors in recreational real estate for Slovak consumers. The author also used secondary research of professional literature and advertising or statistical portals. The output of the article is an analysed state of this type of real estate in Slovakia and the Czech Republic. In 2020, we recorded an averageprice increase of 30% in the Slovak Republic and 12% in the Czech Republic. We recorded a significant increase in 2021; compared to 2019, the average price level in the Slovak Republic increased by up to 73%. In the Czech Republic, the price level increased by 119%. At the same time, the author analysed the current moods of Slovak respondents in deciding on the purchase of the recreational real estate.
Keywords
Real estate market, Recreational property, Impact factors
DOI
https://doi.org/0.18267/pr.2022.kre.2454.12
Cite this paper
Vávra, M. (2022). The Attractiveness of Weekend Housing and Holiday Cottages as a Trend in Slovakia and Surrounding Countries Impacts Real Estate Markets. In: 22nd International Joint Conference Central and Eastern Europe in the Changing Business Environment. Proceedings. Oeconomica Publishing House, Praha. https://doi.org/0.18267/pr.2022.kre.2454.12