Prices of apartments, houses, and rents continue to climb in the Czech Republic
Property prices and rental rates across the Czech Republic have continued to rise in early 2025, with data showing an average annual increase of at least 10 percent across apartments, houses, and rents. According to an analysis by the real estate platform Bezrealitky.cz, the price of older apartments rose by 13 percent year-on-year in the first quarter, and by three percent compared to the previous quarter. The average cost reached CZK 103,473 per square meter nationwide.
Rental prices also saw notable growth, increasing by 11 percent compared to the first quarter of 2024 and two percent over the previous quarter. Meanwhile, the average price of family houses rose by around 10 percent both year-on-year and quarter-on-quarter.
In Prague, apartment prices increased by four percent from the previous quarter and by 12 percent year-on-year, with the average price per square meter reaching CZK 139,715. Rents in the capital remained largely stable compared to the end of 2024, averaging CZK 405 per square meter. Prices for family houses in Prague declined slightly on a quarterly basis but were still 12 percent higher year-on-year, reaching CZK 110,578 per square meter.
According to Hendrik Meyer, head of the European Housing Services group, buyers are showing a growing willingness to pay above-average prices for well-located brick apartments in central areas. In contrast, he noted that prices for prefabricated flats remain negotiable, with many still perceived as overpriced.
In the Central Bohemian Region, apartment prices remained unchanged from the previous quarter, while family house prices rose by eight percent, surpassing CZK 75,000 per square meter for the first time. Demand was particularly strong for homes in commuter towns such as Kladno, Beroun, and Stará Boleslav, as well as larger cities like Mladá Boleslav, Kolín, and Příbram. Areas with fast rail connections to Prague experienced faster growth in apartment prices. The average apartment price in the region reached CZK 85,179 per square meter.
Similar trends were observed in the South Moravian Region, including Brno. Family house prices there rose by seven percent quarter-on-quarter and by 12 percent year-on-year, approaching CZK 61,000 per square meter. Apartment prices in Brno grew more slowly over the quarter but increased 13 percent year-on-year, nearing CZK 100,000 per square meter. Rents averaged CZK 325 per square meter, marking a two percent rise from the previous quarter and a 10 percent increase year-on-year.
Meyer noted that many households are directing their savings toward purchasing single-family homes or building plots, partly due to the relatively slower growth in apartment prices in Brno. However, he added that further increases in rents could encourage more households to consider buying rather than renting.
Source: CTK
