cancel NIMBY
Absolutely every party is trying to solve housing in Prague. The funny thing is that in their programmes for City Hall the same parties talk about the need to build flats, while their branches in the city districts want to block construction. This is the typical NIMBY effect – we need to build, just not near me. The problem is that someone already lives near everywhere. This has to end, no matter what. People who already own flats shouldn't have any stronger a voice than potential new buyers and tenants, for whom the low supply makes flats significantly more expensive. Life in Prague is good, and that's why more and more people will keep wanting to live here. No regulations or bans will change that. Only sufficient construction that meets demand will stop flats from being an investment asset, because their price will no longer rise sharply.
