Descriptive statistics of explanatory variables
| Variable | Units | Mean | Standard deviation | Median | Min | Max |
|---|---|---|---|---|---|---|
| Number of apartments finished | Units | 1084.7 | 528.0 | 1000.0 | 107.0 | 4172.0 |
| Number of apartments with construction started | Units | 1005.7 | 595.4 | 919.0 | 28.0 | 3063.0 |
| Aggregate net disposable income of households | Mil. CZK | 88711.6 | 20145.3 | 84120.7 | 57336.6 | 133223.9 |
| Aggregate net disposable income of households (p.a.) | Mil. CZK | 347408.9 | 79755.2 | 334865.5 | 218998.0 | 510225.5 |
| Net disposable income per household | CZK | 156089.7 | 28034.1 | 149795.6 | 109015.2 | 218033.1 |
| Net disposable income of households per capita | CZK | 70330.9 | 13493.6 | 67332.2 | 49191.4 | 104456.1 |
| VAT rate | % | 11.2 | 4.3 | 14.0 | 5.0 | 15.0 |
| Czech Republic GDP | Mil. CZK | 1082458.3 | 230874.1 | 1021966.0 | 677956.0 | 1599238.0 |
| Czech Republic GDP (p.a.) | Mil. CZK | 4351122.7 | 924834.1 | 4087773.0 | 2822544.0 | 6124818.0 |
| Prague GDP | Mil. CZK | 287778.6 | 67527.7 | 270398.2 | 170710.2 | 435460.6 |
| Prague GDP (p.a.) | Mil. CZK | 1125940.6 | 290045.3 | 1073664.5 | 647639.0 | 1667742.4 |
| Prague GDP per capita | CZK | 225105.2 | 52257.0 | 216652.9 | 0.0 | 341429.0 |
| Average gross salary | CZK | 32605.5 | 7192.9 | 32496.0 | 20823.9 | 48130.0 |
| Construction price index | Units | 119.3 | 8.8 | 120.0 | 100.0 | 141.1 |
| Inflation rate | % | 2.2 | 1.6 | 2.2 | −0.4 | 7.4 |
| Inflation index | Units | 95.7 | 10.9 | 98.0 | 77.2 | 118.9 |
| Ratio between average rent and average monthly mortgage installment | Ratio | 1.5 | 0.4 | 1.4 | 1.0 | 2.5 |
| Ratio between average monthly mortgage installment and net disposable income per household | Ratio | 0.4 | 0.1 | 0.4 | 0.3 | 0.6 |
| Ratio between average monthly mortgage installment and average gross salary | Ratio | 0.6 | 0.1 | 0.6 | 0.4 | 0.9 |
| Monthly rent in standardized unit | CZK | 13662.7 | 4576.7 | 13282.9 | 8015.5 | 22412.0 |
| Average rent per sqm | CZK | 221.0 | 73.7 | 216.1 | 124.2 | 358.0 |
| Unemployment (Czech Republic] | % | 6.3 | 2.8 | 6.7 | 1.9 | 10.8 |
| Unemployment (Prague] | % | 2.7 | 0.9 | 2.8 | 1.0 | 4.5 |
| Number of foreigners in Prague | Units | 153045.2 | 47725.2 | 161266.0 | 69115.0 | 236229.0 |
| Number of foreigners non-EU | Units | 107586.3 | 30748.9 | 113725.5 | 48209.0 | 170000.0 |
| Number of foreigners EU | Units | 45410.1 | 18100.1 | 43948.5 | 17125.0 | 73853.0 |
| Number of households | Units | 563752.7 | 28380.0 | 564546.4 | 525950.2 | 611026.0 |
| Population between 30 and 50 | Units | 394609.5 | 42202.3 | 406250.5 | 316733.0 | 451332.0 |
| Population between 25 and 65 | Units | 732934.8 | 21533.5 | 738233.0 | 675021.0 | 757462.0 |
| Total population in Prague | Units | 1252985.5 | 48030.5 | 1251099.5 | 1165581.0 | 1331464.0 |
| Apartments sold in Prague | Units | 1198.2 | 463.6 | 1211.5 | 387.0 | 2465.0 |
| Average monthly installment | CZK | 19233.3 | 6666.7 | 16773.1 | 12537.2 | 43204.7 |
| Maximum LTV requirement | % | 81.0 | 3.0 | 80.0 | 80.0 | 90.0 |
| Average area of a new apartment | sqm | 61.4 | 2.0 | 61.4 | 56.9 | 66.8 |
| Average mortgage value | CZK | 3347414.8 | 1345346.8 | 2747276.6 | 1872335.3 | 7482708.0 |
| CNB repo rate | % | 1.3 | 1.1 | 0.9 | 0.1 | 3.8 |
| 1Y PRIBOR | % | 1.8 | 1.1 | 1.8 | 0.4 | 4.5 |
| 1Y EURIBOR | % | 1.4 | 1.7 | 1.2 | −0.5 | 5.5 |
| CNB-ECB interest rate differential | % | 0.4 | 1.1 | 0.3 | −1.5 | 5.0 |
| Mortgage interest rate | % | 3.6 | 1.3 | 3.6 | 1.8 | 5.7 |
| Government bond yield | % | 2.8 | 1.5 | 2.8 | 0.3 | 5.5 |
| FX rate EUR | CZK | 27.1 | 2.2 | 26.7 | 23.8 | 32.9 |
| FX rate USD | CZK | 21.9 | 3.1 | 22.1 | 15.1 | 30.3 |
| Rental return on apartment price | % | 4.0 | 1.0 | 4.0 | 2.6 | 5.1 |
| Variable | Units | Mean | Standard deviation | Median | Min | Max |
|---|---|---|---|---|---|---|
| Number of apartments finished | Units | 1084.7 | 528.0 | 1000.0 | 107.0 | 4172.0 |
| Number of apartments with construction started | Units | 1005.7 | 595.4 | 919.0 | 28.0 | 3063.0 |
| Aggregate net disposable income of households | Mil. CZK | 88711.6 | 20145.3 | 84120.7 | 57336.6 | 133223.9 |
| Aggregate net disposable income of households (p.a.) | Mil. CZK | 347408.9 | 79755.2 | 334865.5 | 218998.0 | 510225.5 |
| Net disposable income per household | CZK | 156089.7 | 28034.1 | 149795.6 | 109015.2 | 218033.1 |
| Net disposable income of households per capita | CZK | 70330.9 | 13493.6 | 67332.2 | 49191.4 | 104456.1 |
| VAT rate | % | 11.2 | 4.3 | 14.0 | 5.0 | 15.0 |
| Czech Republic GDP | Mil. CZK | 1082458.3 | 230874.1 | 1021966.0 | 677956.0 | 1599238.0 |
| Czech Republic GDP (p.a.) | Mil. CZK | 4351122.7 | 924834.1 | 4087773.0 | 2822544.0 | 6124818.0 |
| Prague GDP | Mil. CZK | 287778.6 | 67527.7 | 270398.2 | 170710.2 | 435460.6 |
| Prague GDP (p.a.) | Mil. CZK | 1125940.6 | 290045.3 | 1073664.5 | 647639.0 | 1667742.4 |
| Prague GDP per capita | CZK | 225105.2 | 52257.0 | 216652.9 | 0.0 | 341429.0 |
| Average gross salary | CZK | 32605.5 | 7192.9 | 32496.0 | 20823.9 | 48130.0 |
| Construction price index | Units | 119.3 | 8.8 | 120.0 | 100.0 | 141.1 |
| Inflation rate | % | 2.2 | 1.6 | 2.2 | −0.4 | 7.4 |
| Inflation index | Units | 95.7 | 10.9 | 98.0 | 77.2 | 118.9 |
| Ratio between average rent and average monthly mortgage installment | Ratio | 1.5 | 0.4 | 1.4 | 1.0 | 2.5 |
| Ratio between average monthly mortgage installment and net disposable income per household | Ratio | 0.4 | 0.1 | 0.4 | 0.3 | 0.6 |
| Ratio between average monthly mortgage installment and average gross salary | Ratio | 0.6 | 0.1 | 0.6 | 0.4 | 0.9 |
| Monthly rent in standardized unit | CZK | 13662.7 | 4576.7 | 13282.9 | 8015.5 | 22412.0 |
| Average rent per sqm | CZK | 221.0 | 73.7 | 216.1 | 124.2 | 358.0 |
| Unemployment (Czech Republic] | % | 6.3 | 2.8 | 6.7 | 1.9 | 10.8 |
| Unemployment (Prague] | % | 2.7 | 0.9 | 2.8 | 1.0 | 4.5 |
| Number of foreigners in Prague | Units | 153045.2 | 47725.2 | 161266.0 | 69115.0 | 236229.0 |
| Number of foreigners non-EU | Units | 107586.3 | 30748.9 | 113725.5 | 48209.0 | 170000.0 |
| Number of foreigners EU | Units | 45410.1 | 18100.1 | 43948.5 | 17125.0 | 73853.0 |
| Number of households | Units | 563752.7 | 28380.0 | 564546.4 | 525950.2 | 611026.0 |
| Population between 30 and 50 | Units | 394609.5 | 42202.3 | 406250.5 | 316733.0 | 451332.0 |
| Population between 25 and 65 | Units | 732934.8 | 21533.5 | 738233.0 | 675021.0 | 757462.0 |
| Total population in Prague | Units | 1252985.5 | 48030.5 | 1251099.5 | 1165581.0 | 1331464.0 |
| Apartments sold in Prague | Units | 1198.2 | 463.6 | 1211.5 | 387.0 | 2465.0 |
| Average monthly installment | CZK | 19233.3 | 6666.7 | 16773.1 | 12537.2 | 43204.7 |
| Maximum LTV requirement | % | 81.0 | 3.0 | 80.0 | 80.0 | 90.0 |
| Average area of a new apartment | sqm | 61.4 | 2.0 | 61.4 | 56.9 | 66.8 |
| Average mortgage value | CZK | 3347414.8 | 1345346.8 | 2747276.6 | 1872335.3 | 7482708.0 |
| CNB repo rate | % | 1.3 | 1.1 | 0.9 | 0.1 | 3.8 |
| 1Y PRIBOR | % | 1.8 | 1.1 | 1.8 | 0.4 | 4.5 |
| 1Y EURIBOR | % | 1.4 | 1.7 | 1.2 | −0.5 | 5.5 |
| CNB-ECB interest rate differential | % | 0.4 | 1.1 | 0.3 | −1.5 | 5.0 |
| Mortgage interest rate | % | 3.6 | 1.3 | 3.6 | 1.8 | 5.7 |
| Government bond yield | % | 2.8 | 1.5 | 2.8 | 0.3 | 5.5 |
| FX rate EUR | CZK | 27.1 | 2.2 | 26.7 | 23.8 | 32.9 |
| FX rate USD | CZK | 21.9 | 3.1 | 22.1 | 15.1 | 30.3 |
| Rental return on apartment price | % | 4.0 | 1.0 | 4.0 | 2.6 | 5.1 |