Flat Zone's data for May 2025 tentatively points to an increase in the average transaction price of new Prague flats on first sale in 2Q/2025 to CZK 162.3 thousand. CZK, which is 1.7% higher compared to the previous quarter. Their year-on-year growth then slowed to 12% after 13.9% in the previous quarter. In 2024, the prices of these new Prague flats on first sale fell by 0.1% year-on-year. Compared to the beginning of this time series of Flat Zone, i.e. vs. 1Q/2023, the prices of these Prague apartments in first sale increased by 3.7%, i.e. by approximately 6k. CZK.
Methodologically different CSO data shows a 9% increase in Prague's first-sale prices of new flats compared to Q1/2023 (Flat Zone data showed a 2% increase in their prices during this period). In Prague, this resulted in a 12.4% y/y growth in realized prices of new apartments in 1Q/2025, while realized prices of older apartments grew by 15.8%. These multiples of realized prices of older apartments in Prague reached 1.6 and 2.6 respectively. \The CSO data show that in the past year 2024, Prague saw an average change in realised prices of new apartments through first sales of 1.8% yoy (after -5.5% in the previous year) and 8.4% yoy in the case of realised prices of older apartments (after -2.6%).

CZSO, Flat Zone

Realized prices. New apartments - these are the first sales.
In the case of Flat Zone's data, these are transaction prices for first sales of new flats in the (developer-client) relationship at the time of sale.
In the case of CSO data, it is a weighted average of partial results for Prague.
The methodology of the data is therefore different, which causes differences in the dynamics and level of the time series, especially in the short term.

Real estate prices

Quarterly

Development of real estate offer prices
Development of realised prices of older flats
Prices of flats and houses