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.

July 2022

The trend of rising prices of Czech flats continued in the first quarter of 2022. Buyers in Prague and regional cities paid 3.1% more, the price per square metre rose to CZK 90,500 on average. The most expensive flats remained in Prague (CZK 118,500 per sqm), while the most affordable ones were in Ústí nad Labem (CZK 36,500 per sqm). Ústí nad Labem is also the only regional city where flat prices fell by 2.1%. All other cities recorded price increase, the largest in Brno (by 11.2%) and Hradec Králové (by 18.9%)..

Download the edition for Q1 2022 (PDF)

April 2022

The average price of apartments in Prague and regional cities continued to rise at the end of 2021. In November and December, it increased by 4%, so buyers paid CZK 87,700 per square metre on average. The highest price increase – by 12.3% – was recorded in Zlín, where one square metre cost CZK 63,600. An increase of more than 10% was also observed in Ústí nad Labem (+11.4%) and Jihlava (+10.2%). On the contrary, prices decreased in Hradec Králové (-8%), Liberec (-5.7%), and slightly in Brno (-1.9%). The most expensive apartments were in Prague (CZK 113,500 per sqm) and in the Central Bohemian Region (CZK 77,100 per sqm). The lowest average price per square metre was observed in Ústí nad Labem (CZK 37,300), Karlovy Vary (CZK 41,400), and Ostrava (CZK 44,400).

Download the edition for Q4 2021 (PDF)

December 2021

In the third quarter, prices of apartments in Prague and regional cities rose again, this time by 5.2%. The price per sq. metre averaged CZK 84,300. Particularly fast price growth was recorded in Liberec (+29.6%, CZK 63,200 per sq. metre) and Ústí nad Labem (+20.9%, CZK 33,500 per sq. metre). Despite this, Ústí nad Labem remains the regional city with the cheapest apartments in the Czech Republic. Prague is at the other end of the scale, having the most expensive apartments in the long term – buyers pay an average of CZK 109,800 per sq. metre. In total, 6,570 apartments were sold in the Czech Republic in the third quarter of 2021 for approximately CZK 32.8 billion.

Download the edition for Q3 2021 (PDF)

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