CBA Commentary
According to the CZSO data, realised prices of older flats in the Czech Republic rose by 3.7% quarter-on-quarter in the fourth quarter of 2025, following the previous 3.7% increase. The growth rate thus surpassed the average quarterly growth of 3% recorded since the end of 2019. The following dynamics were recorded in the regions: in Prague 3.8% after 3.5% vs. average 2.4%; outside Prague 3.7% after 3.7% vs. average 3.1%.
In the Czech Republic, the prices of older flats are up 16% year-on-year, reaching 2 times the pre-pandemic level in Q4 2019 and 3.6 times compared to the end of 2013. These ratios reached 1.8 and 2.9 times in Prague and 2.1 and 3.8 times in the rest of the country.
In the past year, 2025, the average change in realised prices of older dwellings in the Czech Republic was 16% year-on-year (after 7.8% in the previous year), of which 14.1% in Prague (after 8.4%) and 16.5% in the rest of the country (after 7.7%).
Development of realised prices of older flats
(% yoy)
Source of primary data
CZSO, Flat ZoneCategory
Real estate pricesData frequency
QuarterlyNote
Realized prices.In the case of Flat Zone's data, these are transaction prices for the resale of apartments in the client-client relationship at the time of registration in the land register. According to Flat Zone's methodology, the category of "older flats" includes resales of flats built before 1995, while flats built after 1995 fall into the category of "new/refurbished flats". \The data methodology therefore differs, which causes differences in the dynamics and level of the time series, especially in the short term.
