Data from Flat Zone for MoM development 2025 shows an increase in the average price of new Prague apartments on first sale in 1Q/2025 to 159.6 thousand CZK. CZK, which is 2.9% higher compared to the previous quarter. Their year-on-year growth then reached approximately 14%. In 2024, the prices of these new 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 2%, i.e. by approximately 3 thousand EUR. CZK.
Methodologically different CSO data shows a 5.4% increase in Prague's first-sale prices of new apartments compared to Q1/2023 (Flat Zone data showed a 0.9% decrease in their prices during this period). This resulted in realised prices of new apartments in Prague rising by 7.6% y/y in 4Q/2024, while realised prices of older apartments rose by 12.1%. \According to the CSO data, prices of new flats reached 1.5 times compared to the pre-pandemic 4Q/2019 and 2.4 times compared to 4Q/2013. These multiples of realized prices of older apartments in Prague reached 1.6 and 2.5 respectively. \The CSO data show that in the past year 2024, the average change in realised prices of new flats through first sales in Prague was 1.8% y-o-y (after -5.5% in the previous year) and 8.4% y-o-y for realised prices of older flats (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