The impact of population aging on the development of real estate prices in the Czech Republic

Rising housing prices and population ageing currently represent key factors influencing the development of real estate markets in many countries, including the Czech Republic. The aim of this thesis was to evaluate the development of housing prices in the Czech Republic between 2015 and 2024 and to determine whether population ageing influenced the rise in apartment and house prices. To achieve this goal, time series analysis, correlation analysis, a two-sample paired t-test, and regression analysis were used to quantify the development of both variables and their mutual relationship. The research showed a significant increase in housing prices during the examined period and confirmed a steady rise in the average age of the population. A strong and statistically significant relationship between the two variables was identified, and the regression models demonstrated that demographic ageing significantly contributed to predicting housing price trends. The thesis thus provides valuable insights into the dynamics of the Czech housing market and highlights the importance of demographic factors in assessing its long-term sustainability. The research is limited by its reliance on aggregated annual data and by the omission of additional variables that may affect housing prices. These limitations create opportunities for future studies focusing on regional analyses, data models, or an expanded set of predictors.