View the profiles of people named Lukas Kovanda. Join Facebook to connect with Lukas Kovanda and others you may know. Facebook gives people the power. Lukáš Kovanda, Ph.D. (*, Praha) je český ekonom a autor ekonomické literatury, odborné i popularizující. Působí jako hlavní ekonom investičních fondů . View the profiles of professionals named Lukas Kovanda on LinkedIn. There are 3 professionals named Lukas Kovanda, who use LinkedIn to exchange.

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The Czech National Bank CNB took aggressive actions to burst a potential real estate bubble before it gets too big on June 12 by increasing the banks capital buffer rate to 1.

It pukas sparked heated discussion about CNB policy in three main categories: The financial sector has peaked and created obvious cyclical risks, mainly related to a boom in property prices and the growing size of mortgage loans in proportion to wages. Czech housing prices expanded faster that anywhere else in the EU throughout most of The year-on-year growth started to slow slightly in kovanra fourth quarter of but remained relatively high.

Koavnda argues that the central bank, obsessed with financial stability, is creating bigger problems by only tackling the superficial ones, which lukkas free hand of the market would solve on its own. Czech banks were in good financial standing during the crisis, and there was no need for public money to come to their rescue, Kovanda said, yet their reward is greater CNB regulation, which will hurt business.

The CNB measures will have a social impact.

Tightened mortgage policy will affect one-third of applicants, analysts said. Young couples and students say that without personal connections, finding affordable housing is becoming next to impossible. Analyst Lukas Kovanda warns the CNB policy could lead to a black market in residential real estate and usurious practices.

And I lukkas it is reminiscent of the previous [communist] regime. The third impact is on the property market itself.

Lukáš Kovanda

On a quarter-on-quarter basis, prices increased by 3. The basic value of the HB Index — points — is calculated kivanda January 1, Over the past eight years, the prices of flats have increased overall by almost 30pp. It is hard to say if and when the CNB policy will halt or even reverse the trend. According to property developers, it serves to strengthen the position of buyers and speculators investing into properties. I think this measure is too cautious.


As for the counter-cyclical ,ovanda rate, it will be one of the highest in the EU.

And speculation is rife that the central bank will raise rates again before the end of this year, putting more pressure on would-be home buyers. Register kpvanda read the bne monthly magazine for free:.

IntelliNews Pro offers daily news updates delivered to your inbox and kvanda data reports. Get the emerging markets newswire that financial professionals trust. A confirmation email has been sent to the email address you provided. Email field can’t be empty. No user with this email address.

Lukáš Kovanda – DRFG

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