Czech housing prices and rents continue to climb in Q2 2025

The Czech residential real estate market saw continued quarter-on-quarter growth in both flat prices and rental rates during the second quarter of 2025, while single-family home prices remained flat at the national level. Compared to the same period in 2024, however, all housing types posted year-on-year increases, according to data from Bezrealitky.cz.

The average price for resale flats in good condition reached CZK 108,486 per square meter (sqm), reflecting robust demand amid improving financing conditions. Mortgage rates, which had been declining in recent months, played a key role in stimulating buyer activity across both the primary and secondary housing markets. Detached family homes sold at an average of CZK 62,904 per sqm, unchanged from Q1. Meanwhile, residential rents rose to an average of CZK 351 per sqm nationwide.

Prague Leads in Price and Rent Growth

In Prague, the average sale price for flats rose by 5% quarter-on-quarter to CZK 146,653 per sqm in Q2. Demand was concentrated in smaller units, which remain more affordable in absolute terms despite their higher price per square meter compared to larger apartments. This aligns with broader affordability trends reported in the capital in recent quarters.

Central Bohemia followed with a 4% increase to CZK 88,940 per sqm, while Brno recorded a 1% quarter-on-quarter rise to CZK 100,409. The Liberec and Hradec Králové regions saw the sharpest increases—both up 9%—with average flat prices reaching CZK 72,748 and CZK 79,235 per sqm, respectively. These gains were attributed to growing demand for recreational housing in foothill regions.

In contrast, the Zlín Region was the only area to record a quarterly decline, with flat prices falling 3% compared to Q1 2025.

Family House Market Mixed Across Regions

While national prices for family houses remained flat, regional differences were more pronounced. In the South Moravian Region, prices for single-family homes surged 9% quarter-on-quarter to CZK 66,568 per sqm. Similar growth was reported in the Plzeň and Karlovy Vary regions, both up 7% to CZK 51,258 and CZK 40,099 per sqm, respectively.

Despite no price change in Prague (holding at CZK 110,541 per sqm), the Moravian-Silesian Region saw a 6% decline, bringing the average price down to CZK 42,550 per sqm—one of the lowest nationally.

Rent Prices Hit Record Levels in the Capital

Rental prices in Prague grew 7% quarter-on-quarter to a record CZK 434 per sqm—the largest increase since Q2 2022. Demand for rental units remains intense, with each listing in the capital attracting an average of 45 inquiries. Nationwide, the average was 25 inquiries per listing, indicating broader market pressure.

In the Central Bohemian Region, rents increased to CZK 301 per sqm. In Brno and surrounding areas, however, rents remained stable at CZK 326 per sqm, following significant hikes in 2024.

Market Outlook

Commenting on the trends, Hendrik Meyer, CEO of European Housing Services (owner of Bezrealitky.cz), noted that recent mortgage incentives had stimulated transactions in both flats and houses. “While Prague’s flat prices are steadily increasing, regions like Brno and South Moravia are seeing more volatile patterns, possibly pushing buyers toward single-family homes,” Meyer said.

He also pointed to signs of market saturation in some regions, such as Plzeň and Olomouc, where price ceilings may have been reached. Meanwhile, Meyer expects regional cities to drive the next wave of growth, especially in the rental segment.

According to Czech National Bank data (June 2025), average mortgage rates fell to 4.2%—the lowest level in over 18 months—providing further stimulus for homebuyers amid limited new housing supply.

Source: Bezrealitky.cz and CTK