Real estate agents say buyers increasingly cautious


Real estate agents report that the economic uncertainty is making Czechs cautious in their housing decisions. They say potential buyers are extremely cautious in taking out mortgages and many people now prefer to rent out property until the economic situation improves. In the course of 2011 interest in renting property, particularly flats, has risen by over 17 percent. Many companies have announced lay-offs at the start of 2012 and the number of Czechs who are unable to pay their debts is on the rise.