# Smart Magazine - 12 reasons why flat prices are high (Deloitte, Summer 2018) * **12 Reasons why flat prices are high** * Published by SMART Magazine - Construction, Development, Investments, by Deloitte, in summer 2018 * PDF available: * **Summary:** * The magazine focuses on the topics such as **housing availability, unsustainable rise in flat prices, thickening of city brownfields, regulation on the mortgage market, prolonging permit processes, new territorial plans** etc. * The centrepiece of the magazine is **'12 reasons why flat prices are high'** **in the Czech Republic.** According to the piece, the reasons are: demand being higher than the offer, economic boom, 'rapid changes of extremes' (refers to a quick shift between opposite economic cycles), demography (long life expectancy of the baby boom generation and young generations starting families much later), state-induced market changes, low interest rates, changes in people's behaviour ('era of singles'), political populism ('anti-property-development attitude'), tax increase, technical regulations related to building new flats, approval process, the lack of rental housing. * The issue features an interview with Stanislav Kubáček, **investment manager for Central Europe** **at Round Hill Capital**, who is active in the field of investment, development and asset management and **became an important investment in the Czech market.** * **Keywords**: EU, Europe, Czech Republic, Czechia, Prague, real estate, financialisation, financialization, real estate, tenants, tourists, tax regulation, investment, development, low interest rates.