Economics

Gross Domestic Product 2.2 % year-over-year Rise in Consumer Prices (Inflation) 1.8 % year-over-year Industrial Production 0.3 % year-over-year Gross Domestic Product Trends 2.2 % year-over-year Wage Trends 8.1 % year-over-year (nominal) Monthly Changes in Consumer Prices (Inflation) 1.5 % yoy total Post-COVID Recovery of Economic Activity 2.1 %yoy (May 2026) Unemployment 4.96 % (06-2026) Confidence Indicators 0.9 % year-over-year

July sentiment will please the CNB, but the more favorable outlook will be offset by higher oil prices High savings, rising property prices and little relief for the CNB June sentiment brings mild optimism for growth, but warns on inflation and the labour market The CNB hiked the policy rate to 3.75% and will likely keep them there until the autumn Low inflation may be misleading. Domestic pressures could prompt the CNB to raise interest rates.

Banking sector

Banking Sector Assets 11 911.00 billion CZK Number of employees 37 919 Number of Banks by Size 43 (total) Bank Profits in the Economy 128.76 billion CZK Profitability of the Banking Sector 1.12 % return on assets Capital Adequacy and the Role of Profit in It 23.14 % Net interest income 1.56 % of assets Interest income and expenses 45.65 billion CZK Interest Income in Banks' Profits 179.28 billion CZK

Mortgage standards have tightened, but not only strong demand has mitigated the impact on lending conditions CNB tightens banks' capital buffer. Responds to faster credit growth and new risks, including fiscal Banking statistics for March 2026 Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. Banking statistics for February 2026

Loans and deposits

Loans and deposits

Loan Trends 8.5 % year-over-year Deposit Trends 5.1 % year-over-year Ratio of Non-Performing Loans 1.5 % New Loans in the Economy 159 billion CZK New Loans in the Economy: A Closer Look 99 billion CZK Interest Rates on New Loans 4.3 %

Mortgage standards have tightened, but not only strong demand has mitigated the impact on lending conditions Banking Statistics for May 2026 The CNB hiked the policy rate to 3.75% and will likely keep them there until the autumn CNB tightens banks' capital buffer. Responds to faster credit growth and new risks, including fiscal Stronger wave of mortgage refixing, while the interest-rate shock eases. Higher inflation remains a risk.

CBA Hypomonitor

CBA Hypomonitor

Number of new mortgages granted, excluding and including refinancing and loan increases 46 thousand; YTD Volume of Newly Granted Mortgages, Including and Excluding Refinancing and Top-Ups 215.9 billion CZK; YTD Average Interest Rate on New Mortgages 4.79 % Average Size of a New Mortgage 4.68 million CZK Illustrative Average Monthly Mortgage Payment 25 841 CZK Total Mortgage Volume for the Year 385 billion CZK

Mortgage standards have tightened, but not only strong demand has mitigated the impact on lending conditions CBA Hypomonitor: Higher Rates and Regulations Slowed Mortgage Growth, but the Market Remained Strong in June CBA Hypomonitor: A slight increase in the mortgage rate to 4.67% sustained solid activity in May CBA Hypomonitor: April also rewrote mortgage highs with still low rate of 4.52% Stronger wave of mortgage refixing, while the interest-rate shock eases. Higher inflation remains a risk.

Real estate prices

Real estate prices

Trends in Real Estate Asking Prices 12.9 % yoy Trends in Actual Prices of Older Apartments 14.5 % yoy Changes in actual apartment prices in Prague, % yoy 12.1 % yoy Prices of new and nearly new apartments and the number of transactions 9.4 % yoy Prices of older apartments and the number of transactions 9.2 % yoy Prices of apartments and single-family homes 4.7 % yoy Prices of new and nearly new apartments by region 141.0 thousand CZK per square meter Prices of older apartments by regional capital 77.4 thousand CZK per square meter Prices of single-family homes by regional capital 6.39 (price per house in millions of CZK)

High savings, rising property prices and little relief for the CNB Realized apartment prices are rising more slowly, but the regional markets have not yet cooled off Strong pace of growth in supply prices of flats also at the beginning of 2026 Stronger household incomes outpaced house price growth for six quarters House prices up 12 percent last year, rental housing up 10 percent in some regions

CBA Forecast

CBA forecast: gross domestic product 2.0 % yoy CBA Forecast: Consumer Prices (Inflation) 2.5 % year-over-year CBA forecast: average wage 6.1 % yoy CBA Forecast: Unemployment 4.8 % CBA forecast: CNB interest rate 3.50 % CBA forecast: exchange rate against the euro 24.4 CZK/euro

CBA Macroeconomic Forecast 2Q26 (Part 2): interview with Helena Horská CBA Macroeconomic Forecast 2Q26 (Part 1): interview with economist Petr Gapek MACROECONOMIC FORECAST OF THE CZECH REPUBLIC 2Q 26 CBA Macroeconomic Forecast 1Q26 (Part 2): interview with economist Pavel Sobíšek CBA Macroeconomic Forecast 1Q26 (Part 1): interview with economist Jan Vejmělek

Real estate prices
Prices of older apartments and the number of transactions

Prices of older apartments and the number of transactions

9.2 % yoy

Year-over-year growth

9 637.0

Number of transactions

Comment by the Czech Bar Association

The average transaction price for apartments in older buildings in the Czech Republic in Q1 2026 was CZK 77,400 per square meter. This represented 123% of the average price in 2022, while the ratio for 2025 was 116%. This occurred amid 9,637 transactions in Q1 2026, compared to an average of 9,496 transactions per quarter in 2025. In Q1 2026, these transaction volumes reached 112% compared to Q1 2022, and for the entire year 2025, they reached 139% compared to 2022.

Prices of older apartments and the number of transactions

CBA Monitor

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

Source of primary data

Flat Zone

Category

Real Estate Prices

Data frequency

quarterly

Note

Average transaction price per square meter.
The "older apartments" category, as defined by Flat Zone's methodology, includes resales (between private individuals; at the time of registration in the land registry) of apartments built before 1995. Resales of apartments built since 1995 fall into the category of so-called "newer apartments."

Related charts

Prices of new and nearly new apartments and the number of transactions
Prices of apartments and single-family homes
Prices of older apartments by regional capital

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Comments

House prices up 12 percent last year, rental housing up 10 percent in some regions

25. 02. 2026

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

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

15. 12. 2025

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

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

27. 08. 2025

Economic commentary by Jaromir Šindel, Chief Economist of the CBA

The real estate market in the Czech Republic is reviving

The real estate market in the Czech Republic is reviving

21. 02. 2024

Sales of older and new homes increased by tens of percent during 2023

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