The number of newly sold apartments in Prague rose significantly in the first half of 2025, with developers reporting 4,300 transactions, representing a 23% increase compared to the same period last year. The data, compiled by developers Trigema, Central Group, and Skanska Residential, also shows that the average price per square meter surpassed CZK 170,000 for the first time. Although the second quarter saw a slight decline in sales compared to the same period in 2024—1,750 units sold, down approximately 8%—demand remains roughly 20% higher than the long-term average. The half-year result is the second-highest in 15 years of recorded data, trailing only the first half of 2021, when 4,750 apartments were sold. Market analysts attribute the strong sales to easing mortgage conditions and a broader recovery in economic sentiment. According to ČBA Hypomonitor, the average interest rate on new mortgages fell to 4.56% per annum in June. Since the beginning of the year, banks have issued new mortgages worth CZK 150 billion—CZK 50 billion more than during the same period last year. Despite the rise in apartment availability to 5,750 units, supply continues to fall short of market demand. Districts Prague 4, 5, 9, and 10 account for the majority of new housing transactions. Developers note that improving lending conditions and economic stability are drawing both end users and investors to the market. According to Juraj Murín, Director of Project Development at Skanska Residential, current buyer behaviour reflects an attempt to secure property before prices rise further or financing conditions change. He points to a combination of easing interest rates, attractive project offerings, and deferred demand from previous years as the main drivers of the ongoing market rebound. If current trends continue, full-year sales could exceed 8,000 units—setting a new record for annual apartment transactions in Prague. Sources: Analysis by Central Group, Trigema and Skanska Residential