Apartment Prices in the Czech Republic Increased by Almost 20%
October 22, 2021
11
The most expensive apartments are in Prague, and much cheaper apartments are in Ústí nad Labem.
In the second quarter of 2021, apartments in the Czech Republic rose by an average of 19.6% compared to the same period a year ago, to €3,155 per sq.m. This is the fastest rise since 2015. Meanwhile, wages also grew at a record pace, but by only 8.2% over the same period.
The study was conducted by Deloitte, based on data from the real estate portal cenovamapa.org.
Experts believe that the Czech housing market is not expected to end inflation. Interest in mortgages is growing despite the increase in rates. But it's not just about demand. The rise in the price of building materials heats up real estate prices.
Details
The most expensive apartments were in the Czech capital: €4,165 per sq.m, and the most affordable ones are in Ústí nad Labem (€1,090). Moreover, in Prague, the annual growth was 19.2%.
Prices have increased the most over the year in Ostrava (+37.6%), in Zlín and Karlovy Vary (+32% in each). The least expensive apartments were in Liberec (+7.7%), Plzeň (+11.5%) and České Budějovice (+14.5%).
The most significant increase in prices is for apartments in brick houses. Such housing has risen in price by 25% year-on-year, on average to €3,180 per sq.m. Apartments in panel houses have increased in price by 22.3%, to €2,570 per sq.m. In the projects under construction, the cost of sq.m reached €3,605, which is 21.8% more than in the same period in 2020.
In the second quarter, 7,718 apartments were sold, the total amount of transactions amounted to €1.5 billion. The number of transactions increased by almost 25% year-on-year, and the cost increased by 45%. The most popular projects were under construction (40% of purchases). And sales in Prague accounted for 60% of the total volume of transactions.
Real estate that you can buy now in the Czech Republic
242 250 €
Flat in Marianske Lazne, Czech Republic
93 sq.m
Czech company Developerské Centrum is offering you this flat placed in Mariánské Lázně for sale. This flat 4+kt in very good condition provides 93 m² of usable space. Property is in personal ownership. Balcony is also part of the property. Place is furnished, located at 2 floor. Your new flat is nearer than you think, send message to...
TSentr Nedvizhimosti Marianskie Lazne
923 200 €
Flat in Prague, Czech Republic
242 sq.m64
Spacious apartment in Prague 2 for sale. It has 5 separated rooms + apartment has 2 terraces (20 sq.m.). Major repairs took place in 2007.
You have a great opportunity to buy a perfect apartment in the Czech Republic, Prague 2 for living, renting out or invest in Czechian real estate with high return on investments.
Mercury Group
2 500 000 €
Villa in Prague, Czech Republic
1472 sq.m
Czech
Republic 40 km from Prague
Modern villa in a park area
Beautiful modern villa in a very picturesque corner of the Czech Republic just 40 km from Prague (30 min by car to the center of Prague).
The infrastructure of the district includes all the facilities necessary for permanent residence: schools, kindergartens, shops,...
INDOM
5 600 000 €
Castle in Prague, Czech Republic
4000 sq.m
Czech
Olomouc, 250 km from Prague, 80 km from Brno
Castle in the Eastern Czech Republic
An ancient castle 25 km from the city of Olomouc in the eastern Czech Republic.
The first written mention of the castle dates back to 1356.
The building has been completely renovated with the preservation of the facade and...
INDOM
160 243 €
Flat in Marianske Lazne, Czech Republic
42 sq.m
Czech company Developerské Centrum is providing you this flat placed in Mariánské Lázně for sale. This flat 2+kt in after reconstruction condition provides 42 m² of usable space. Property is in personal ownership. Place is partially furnished, located at 5 floor. Your brand new flat is closer than you think, arrange appointment with Developerské...
TSentr Nedvizhimosti Marianskie Lazne
147 874 €
Flat in Marianske Lazne, Czech Republic
46 sq.m
Our company is delivering you this flat located in Mariánské Lázně for sale. This flat 1+1 in after reconstruction condition provides 46 m² of usable space. Property is in personal ownership. Balcony is included. Place is partially furnished, located at 2 floor. Your brand new flat is nearer than you think, send message to Developerské centrum...
TSentr Nedvizhimosti Marianskie Lazne
208 046 €
Flat in Marianske Lazne, Czech Republic
72 sq.m
Sale of an available 2+kk apartment (3+kk is also possible in the case of minor renovations) within the development project Rezidence FERDINAND, which is located at the end of Zeyerova street in Mariánské Lázně. The subject of sale is an apartment unit with a total floor area of 72.32 m2, which is located on the 3rd floor of a new apartment...
TSentr Nedvizhimosti Marianskie Lazne
78 000 €
Flat in Teplice, Czech Republic
71 sq.m311
Rental property
Sale of real estate in Teplice, Czech Republic.
The apartment, (private property) occupies the 1st floor, 2nd floor of the house, 71 sq.m. Furniture (antique furniture set), all household electrical appliances. Dining room and kitchen 16 sq.m. Bathroom 14 square meters. Yard, sauna, barbecue, front gardens, parking for cars and outbuildings,...
