According to CSO data, the offer prices of new and older flats in the Czech Republic rose by 3.1% in 4Q/2024 after 3.2% growth in the previous quarter, which exceeded the 2.1% average growth (as of the end of 2019). In Prague, these prices were up 3.4% quarter-on-quarter after 2.6% vs. the long-term average of 1.8%. Year-on-year, they thus grew by 10.7% in the Czech Republic in 4Q/2024, reaching 1.5 times vs. pre-pandemic 4Q/2019, or 2.4 times vs. 4Q/2013. These multiples reached 1.4 and 2.4 in Prague and the rest of the country, respectively. In the past year, 2024, the average change in the offer prices of new and older apartments in the Czech Republic was 5.1% y/y (after 0.4% in the previous year), including 5.4% (after 1.4%) in Prague.
Source of primary data
CZSO
Note
Average offer prices for new and renovated apartments, old apartments.