Development of realised prices of flats in Prague

Development of realised prices of flats in Prague, %yoy

13.0 % yoy

New flats - first sales (Flat Zone)

16.6 % yoy

New flats - first sales (CZSO)

Development of realised prices of flats in Prague, %yoy

(%, yoy)

CBA Monitor You can hide a data set by clicking on the data set name in the chart legend.

CBA Commentary

Flat Zone's data for October 2025 tentatively points to an increase in the average transaction price of new Prague flats on first sale in the fourth quarter of 2025 to CZK 175.2 thousand. This is a 3.7% increase compared to the previous quarter. Their year-on-year growth then accelerated to 13% after the previous year's 11.3% growth. In 2025, the transaction prices of these new Prague flats at first sale rose by 12.8% y-o-y. Compared to the beginning of this time series of Flat Zone, i.e. compared to the first quarter of 2023, the first sale prices of these Prague flats increased by 12%, i.e. by approximately 19 thousand EUR. CZK.
Methodologically different CSO data show an increase of 18.4% in the prices of new Prague flats at first sale compared to Q1 2023 (Flat Zone data showed an increase of 8% during this period). Their dynamics thus undercut the average quarterly growth of 2.2% recorded since the end of 2019. This resulted in a 16.6% year-on-year growth in the realised price of new apartments in Prague in Q3 2025, while realised prices of older apartments grew by 13.4%. These multiples of realised prices of older flats in Prague reached 1.7 and 2.8 respectively.

Source of primary data

CZSO, Flat Zone

Note

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.

Category

Real estate prices

Data frequency

Quarterly

Related Charts

Comments

Higher house prices spark richer debate over central bank macroprudential policy than first appears

15. 12. 2025

7 min. reading

Comment by Jaromír Šindel, Chief Economist of the CBA: According to the Czech Statistical Office, realised prices of older flats in the Czech Republic rose by 3.7% quarter-on-quarter in the third quarter, which exceeds income growth for the seventh quarter already and maintains the too brisk annual pace of property prices at around 16%. Higher property prices are also making their way into the CNB's macroprudential capital policy settings, with discussion over the (arguably unscary) possible introduction of a sectoral systemic buffer, as well as less intuitive discussions over the role of investment activity by non-financial corporates in setting the countercyclical capital buffer.

show

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.

show

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.

show