Economic Facts: Czech Summer Cabin Culture on the Rise

Czechs are increasingly interested in buying a chata or a chalupa, a cabin or a cottage, in the countryside.
Sale of summer houses has increased on average by 40 percent this year compared to 2015.
Despite the rising interest of Czech buyers, the prices of Czech chaty and chalupy remain more or less the same as last year. At the moment, the average price of a cabin or a cottage is around 930,000 CZK. However, properties in popular regions can reach up to several million crowns.
A growing number of clients turn their summer houses into a permanent living.
There are around 12% of Czechs who own a cottage or a cabin in the countryside.
More at: http://www.jobspin.cz/2016/07/czech-summer-cabin-culture-on-the-rise-as-well-as-tolerance-to-debts/

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