Deloitte Rent Index
What are the price trends in rental housing in the Czech Republic?
The Deloitte Rent Index summarises and analyses data regarding rental housing prices in the regions and regional capitals of the Czech Republic. This is the first data-driven index of its kind. It addresses rent offers in the area of prefabricated blocks of flats, brick houses and development projects. The index draws on quarterly collected data. The result of the data analysis provides a summary of average monthly rents per square metre. Thanks to a comparison with the previous quarter, this summary always offers an up-to-date view of trends in rental housing.
Q4 2022 | released: January 2023
- Overall price growth rate: + 0.4% (273 CZK per sqm)
- Fastest price growth: Pardubice, + 5.9% (253 CZK per sqm)
- Biggest price decrease: Zlín, - 4.7% (245 CZK per sqm)
- Highest average price: Prague, 368 CZK per sqm
- Lowest average price: Ústí nad Labem, 187 CZK per sqm
- Highest average price in Prague: Prague 1, 449 CZK per sqm
- Fastest price growth in Prague: Prague 7, + 7.2% (379 CZK per sqm)
Czech rental prices also rose in Q3 2022, and the growth rate increased even more compared to the previous period. Tenants across the Czech Republic paid 4.6% more (CZK 272 per sqm on average). The only regional cities where rents decreased were Zlín (by 3.0% to CZK 258 per sqm) and Liberec (by 0.4% to CZK 233 per sqm). The prices stayed the same in Pardubice (CZK 240 per sqm). Prices rose the most in Karlovy Vary (by 7.4% to CZK 204 per sqm) and Brno (by 7.8% to CZK 319 per sqm). The cheapest rents were in Ústí nad Labem (CZK 188 per sqm), while the most expensive rental housing was available in Prague (CZK 360 per sqm).
Rents in Prague, regional cities and the Central Bohemia Region rose again in 2Q of 2022, this time by an average of 2.8%. Tenants paid an average of CZK 260 per square metre. The only exception was Ústí nad Labem, where rents fell (by 0.5% to CZK 181 per sqm). Rent prices in Ústí and Labem were also the lowest compared to all other monitored locations. Rent prices rose the most in České Budějovice (by 7.5% to CZK 230 per sqm), Jihlava (by 6.4% to CZK 232 per sqm) and Prague (by 6.3% to CZK 337 per sqm). Prague is also the place with the most expensive average rent in the Czech Republic - the highest price increase was recorded in Prague 1 (by 10% to CZK 396 per sqm), the only price decrease within the capital was recorded in Prague 2 (by 0.8% to CZK 368 per sqm).