Analysis

Deloitte Real Index

How do real prices of flats in the Czech Republic develop?

Deloitte Real Index provides data about real prices of flats in Prague and regional cities. It collects data only from realised sales of flats which were registered in the Real Estate Cadastre in the form of purchase contracts. It compares results with the previous quarter and contrasts prices in the segments of new development, panel buildings and brick buildings.

November 2018

The average selling prices of apartments in Prague and regional cities have decreased for the first time in several years, specifically by 1.7% to CZK 55,200 per m2. However, the development is different in the individual regions. The most significant decrease in real prices occurred in Ostrava (-12.7%), České Budějovice (-7.4%), and even in Prague (-6.1%). On the other hand, prices grew in nine regional cities, most markedly in Zlín (+16.4 %), Karlovy Vary (+13.2%) and Hradec Králové (+7.9%). More than 6,500 apartments were sold in total for CZK 22.5 billion.

Download the edition for Q2 2018 (PDF)

June 2018

Sales prices of apartments in Prague and regional cities continued to grow in the first quarter of 2018, this time by 4.5% to 56,200 CZK/m2. Altogether 6,300 apartments were sold for 23.9 mld CZK. The biggest growth was recorded in Ostrava (+22.6%), Plzeň (+9%) and Ústí nad Labem (+6.5%). Prices drop only in Olomouc, Karlovy Vary and České Budějovice.

Download the edition for Q1 2018 (PDF)

April 2018

Sales prices of apartments in Prague and regional cities continued to grow by 4.1% to 53,700 CZK/m2 during the last quarter of 2017. The biggest growth was recorded in the Vysočina region (of 7.6%). The biggest drop was recorded in the Hradec Králové region (of 4,6 %). Acquiring an apartment in the Ústí nad Labem region is the cheapest– on average 13,800 CZK/m2 relative to 70,800 CZK/m2 for an apartment in Prague where it stays the most expensive.

Download the edition for Q4 2017 (PDF)

January 2018

The selling prices of apartments in Prague and regional capitals also grew during the third quarter of 2017, this time on average by 6.4% to CZK 51,600 per m2. The greatest increase in prices – of 13.6% – was seen in the Zlín region. The only region where prices declined was the Pardubice region: by a little less than 3% to CZK 34,500 per m2. Having increased by 1.9% to around CZK 66,900 per m2 since the preceding period, prices in Prague remain the highest.

Download the edition for Q3 2017 (PDF)

September 2017

In the second quarter of 2017 the average selling prices of apartments in the Czech Republic grew by 2.7% to 49,800 CZK/m2. The prices grew in all regions except for the Ústí nad Labem region, which recorded a minor decrease of 1% to 11,800 CZK/m2. The biggest growth was in the Olomouc region (of 6.4%).

Download the edition for Q2 2017 (PDF)

July 2017

In the first quarter of 2017, the average selling prices of apartments in Prague and the regional capitals amounted to CZK 48,500 per m2. Compared to the last quarter of 2016, this represents only a minor increase of 0.9%. In total, more than 6,600 apartments worth CZK 20.3 billion were sold in development projects, brick houses and high-rise blocks. As usual, apartments were the most expensive in Prague (an increase to CZK 64,200 per m2) and the cheapest in Ústí nad Labem, where they were sold for the average price of CZK 11,900 per m2.

Download the edition for Q1 2017 (PDF)

February 2017

Sales prices of apartments in Prague and regional cities continued to grow by 4.1% to 48,100 CZK/m2 during the last quarter of 2016. The prices grew in all regions except for the Hradec Králové and Moravian-Silesian regions, the biggest growth being recorded in the Liberec region (of 14.8%). Acquiring an apartment in the Ústí nad Labem region is the cheapest– on average 11,100 CZK/m2 relative to 62,200 CZK/m2 for an apartment in Prague where it is traditionally the most expensive.

Download the edition for Q4 2016 (PDF)

December 2016

The selling prices of apartments in Prague and the regional capitals grew during Q3/2016 as well, this time by 2.7% to CZK 46,200 per m2. Half the regions recorded an increase in prices while in the other half prices slightly balanced out the enormous increase from the preceding quarter. As usual, apartments were the most expensive in Prague (having increased to CZK 61,500 per m2) and the cheapest again in Ústí nad Labem, which recorded a minor decrease to CZK 10,700 per m2. Find out more information here.

Download the edition for Q3 2016 (PDF)

September 2016

In the second quarter of 2016, the selling prices of apartments in Prague and the regional capitals grew by 6.1% to CZK 45,000 per m2. Apartment prices recorded growth in 10 regional capitals out of the total of 14 regions. Apartments were, again, most expensive in Prague (CZK 60,300 per m2) and cheapest in Ústí nad Labem (CZK 11,400 per m2). Find out more information here.

Download the edition for Q2 2016 (PDF)

June 2016

During the first quarter of 2016, the selling prices of apartments in Prague and the regional capitals rose by 1.4% to CZK 42,400 per m2. The highest prices were traditionally recorded in Prague (CZK 57,700 per m2), while the lowest were in the Ústí nad Labem region (CZK 10,400 per m2). Find out more information here.

Download the edition for Q1 2016 (PDF)

 

April 2016

The development of the index of real prices of flats in Prague and regional cities in the fourth quarter of 2015 confirms the expectation of growth – 1.5% compared to the previous quarter. Prague even reported quarter-on-quarter growth of 4.3%. The average transaction price in Prague and regional cities in the fourth quarter of 2015 amounted to CZK 41,800/m2; in Prague itself it reached CZK 56,400/m2. The most significant decrease in price was reported for flats in Ústí nad Labem, 9.1% quarter-on-quarter. Find out more information here.

Download the edition for Q4 2015 (PDF)

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