In a recent statement, banker Spurný argued that the solution to housing speculation issues in Czech Republic lies not in restricting mortgages but rather in implementing higher taxes on property investors. He believes that increased taxation will deter speculators who buy properties to rent them out or hold for capital gain, thus helping to stabilize housing prices and make home ownership more attainable for regular buyers.

Spurný’s comments come amid a growing concern over skyrocketing property prices and the impact on average home buyers struggling to enter the market. As various financial experts and policymakers debate the best approach to solve the housing crisis, Spurný emphasizes that addressing the financial incentives for speculators through tax policy could be a critical step in equipping residential markets to meet the needs of the local population.

While modifications to mortgage lending practices may provide some relief, Spurný believes that they would not solve the core problem of speculation. Tax reforms aimed at property investors could shift the dynamics of the housing market significantly by discouraging investors that drive up prices, therefore creating a more balanced market where both investors and homeowners can coexist without alienating the latter group.