Analysis
Deloitte Develop Index
How is the price of real estate in Prague changing?
The Deloitte Develop Index monitors the qualitative and quantitative indicators of supply and demand on Prague’s development market. Its task is to describe, on a bi-monthly basis, the current state of the residential market and its development. The set of indicators is based solely on declaratory information obtained from the websites of individual development companies and pricelists of development projects. The basis of the index is formed by the numbers and proposed prices of vacant units under development projects towards the end of the monitored period.
November–December 2022 | released: February 2023
- Overall price growth rate: 0.0% (156 600 CZK per sqm)
- Fastest price growth: Prague 5, +1.2% (159 900 CZK per sqm)
- Biggest price decrease: Prague 2, -1.9% (186 500 CZK per sqm)
- Highest average price: Prague 1, 322 300 CZK per sqm
- Lowest average price: Prague 9, 135 700 CZK per sqm
September - October 2022 | released: December 2022
The growth of the offer price of new apartments in Prague has slowed down. In September and October 2022, the average price per square metre rose by 0.5% to CZK 156,600. The price rose the most in Prague 8, by 2.7% to CZK 150,400 per sqm. On the other hand, the most significant decrease was recorded in Prague 7, where the price per square metre of a new apartment decreased by 5.1% to CZK 193,700. With a price of CZK 322,300 per sqm, Prague 1 remains the most expensive city district, while the cheapest new apartments are available in Prague 9, at an average price of CZK 136,200 per sqm.
July - August 2022 | released: October 2022
The summer months brought a further acceleration in the growth of the offer price of new Prague apartments. In July and August 2022, the average price per square metre rose by 1.9% to CZK 155,800. In most districts, the average price changed only by tenths of a percent. However, a rapid growth was recorded in Prague 1, by 66% to CZK 322,300 per sqm, making it the most expensive part of the city. Compared to the previous period, buyers also paid significantly more in Prague 6, where the price per square metre rose by 13% to CZK 179,400. On the other hand, apartments in Prague 9 remained the cheapest with an average offer price of CZK 137,200 per sqm.
