Development of real estate offer prices in the Czech Republic

Development of real estate offer prices

17.0 % yoy

Current value

15.7 % yoy

Last quarter's value

Development of real estate offer prices

(% yoy)

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CBA Commentary

According to CSO data, in the second quarter of 2025, offer prices of new and older flats in the Czech Republic rose by 3.5% after 6.3% growth in the previous quarter, outpacing the average quarterly growth of 2.4% recorded since the end of 2019. In Prague, these prices rose by 1.5% quarter-on-quarter after 7.9%; vs. the long-term average of 2.1%. \Year-on-year, then, in the Czech Republic, they grew 17% in 2Q/2025, reaching 1.7 times the pre-pandemic level in Q4 2019 and 2.7 times the level at the end of 2013. These ratios reached 1.6 and 2.6 in Prague and 1.8 and 2.7 in the rest of the country, respectively.

Source of primary data

CZSO

Note

Average offer prices for new and renovated apartments, old apartments.

Category

Real estate prices

Data frequency

Quarterly

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Comments

Slight recovery in disposable income was enough for stronger consumption and higher savings, but not for more expensive real estate

1. 10. 2025

5 min. reading

Comment by Jaromír Šindel, Chief Economist of the CBA: The recovery in disposable income in Q2 was still dampened by fiscal policy, so it remained weaker compared to the increase in wages and property prices. Nevertheless, households managed to increase both consumption and their savings.

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Realised house prices maintained a strong pace in the second quarter

14. 9. 2025

5 min. reading

Economic commentary by Jaromír Šindel, Chief Economist of the CBA: I estimate overall growth in realised house prices of 4.2% quarter-on-quarter, which has outpaced wage growth for the sixth quarter in a row.

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