Prices of Apartments and Single-Family Homes

8.3 % year-over-year
Total number of apartments
2.8 % year-over-year
Single-Family Homes

Commentary by the Czech Bar Association

The average transaction price for apartments in the Czech Republic in the second quarter of 2026 reached 99,400 CZK per square meter. Of this, the transaction price for new apartments sold directly by developers to buyers was 151,200 CZK, for nearly new apartments it was 138,800 CZK, while the transaction price for older brick apartments was 83,100 CZK and for prefabricated apartments it was 74,600 CZK.
The average transaction price for apartments in Prague this quarter reached 165,800 CZK. For first-time sales from developers, it was 183,100 CZK, and for older brick-built apartments, it was 148,800 CZK.
The average transaction price for a single-family home in the Czech Republic during this period reached 6.5 million CZK per transaction.

Prices of Apartments and Single-Family Homes

Apartments: thousands of CZK per square meter; Single-family homes: 100,000 CZK per transaction

CBA Monitor
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Source of Primary Data

Flat Zone

Category

Real Estate Prices

Data Frequency

quarterly

Note

Average transaction price per square meter.
According to Flat Zone’s methodology, the “new and nearly new apartments” category includes first-time sales of new apartments (in the developer-client relationship; at the time of sale according to the price list) and resales of new apartments (so-called “nearly new” apartments in a client-to-client relationship; at the time of registration in the real estate cadastre) built since 1995. Apartments built before 1995 fall into the “older apartments” category.

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Comments

Transaction prices for apartments did not slow down much in the second quarter

According to Flat Zone statistics, the price of apartments sold in the Czech Republic approached 100,000 crowns per square meter in the second quarter, while in Prague it exceeded 165,000. However, price growth remains stronger than the aggregate figures suggest, as these are dampened by a shift in transactions toward less expensive apartments and regions. Combined with more moderate growth in asking prices and higher market interest rates, this may contribute to a slowdown in the growth rate of actual prices over the course of a year. However, a more significant decline in price momentum will continue to be held back by supply-side constraints and stronger mortgage frontloading.

This continues to boost activity, although not at the rapid pace seen in 2023-2024.

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

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.

Decline in transaction prices of flats in the second quarter is related to transactions rather than to a fall in prices

Economic commentary by Jaromir Šindel, Chief Economist of the CBA

Growth of new-build and offer prices of flats remains strong in the second quarter

Economic commentary by Jaromir Šindel, Chief Economist of the CBA

Strong home price growth continued with transactions rising in the first quarter, and while May's first-sale prices did not change direction, the decline in transactions did

Economic commentary by Jaromir Šindel, Chief Economist of the CBA