Development of realised prices of flats in Prague

Development of realised prices of flats in Prague, %yoy

13.2 % yoy

New flats - first sales (Flat Zone)

15.6 % yoy

New flats - first sales (CZSO)

Development of realised prices of flats in Prague, %yoy

(%, yoy)

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CBA Commentary

Data from Flat Zone for July 2025 shows an increase in the average transaction price of new Prague apartments on first sale in the second quarter of 2025 to 164.4 thousand CZK. CZK, which is 3% higher compared to the previous quarter. Their year-on-year growth then slowed to 13% after the previous year's 13.9% growth. In 2024, the transaction prices of these new Prague apartments at first sale fell by 0.1% 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 5.1%, i.e. by approximately 8 thousand EUR. CZK.
Methodologically different CSO data show an increase of 16.2% in the first sale prices of new flats in Prague compared to the first quarter of 2023.
According to the CSO data, in the second quarter of 2025, the realised prices of new first sales in Prague increased by 6.7% quarter-on-quarter after their previous growth of 3.4%. Their dynamics thus surpassed the average quarterly growth of 2.3% recorded since the end of 2019. This resulted in a 15.6% year-on-year growth in realised prices of new apartments in Prague in Q2 2025, while realised prices of older apartments grew by 13.6%. These multiples of realised prices of older flats in Prague reached 1.7 and 2.7.
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% year-on-year (after -5.5% in the previous year) and 8.4% in the case of realised prices of older flats (after -2.6%).

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

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