Oceňování 2022, 15(1):43-55 | DOI: 10.18267/j.ocenovani.274

Comparison of purchase and appraisal prices of flats in the Czech Republic in 2019

Petr Sunega1, Martin Lux2, Petr Kubala3
1 Ing. Petr Sunega - vědecký pracovník; Sociologický ústav AV ČR, v.v.i., Jilská 1, 110 00 Praha 1
2 doc. Ing. Mgr. Martin Lux, Ph.D. - vedoucí vědecký pracovník; Sociologický ústav AV ČR, v.v.i., Jilská 1, 110 00 Praha 1
3 Mgr. Petr Kubala, Ph.D. - postdoktorand; Sociologický ústav AV ČR, v.v.i., Jilská 1, 110 00 Praha 1

The importance of accuracy in appraisal prices is emphasized in both Czech and foreign literature. We have compared the purchase prices (price data of the State Administration of Land Surveying and Cadastre ) and appraisal prices (of Česká spořitelna, a.s.) of flats. The pairing of flats was done primarily on the basis of geographic location (using GPS coordinates), then by flat area, type of construction and date of the record / estimate. As a result, it was found that for 60% of the flats the appraisal prices were higher than the purchase prices. The discrepancy between the purchase and appraisal prices was mainly for flats in brick buildings and rather smaller flats. However, these results should be taken with caution in view of the limitations of the data sources used.

Keywords: Purchase prices; appraisal prices; flats; banks
Grants and funding:

Tento článek byl zpracován jako jeden z výstupů projektu "Zvýšení transparentnosti hypotečního trhu v ČR rozšířením datové základny pro sledování a odhad cen nemovitostí" podpořeného Technologickou agenturou ČR (TA ČR) pod číslem TL03000212.

JEL classification: G30

Published: May 12, 2022  Show citation

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Sunega, P., Lux, M., & Kubala, P. (2022). Comparison of purchase and appraisal prices of flats in the Czech Republic in 2019. Oceňování15(1), 43-55. doi: 10.18267/j.ocenovani.274
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