Wednesday, 25 February 2026
Residential property prices in the Czech Republic climbed to new record levels in 2025, driven by strong demand and limited supply, according to the latest ČSOB Housing Index.
Apartment prices rose by 13.6 percent year-on-year, while single-family homes recorded a 9.5 percent increase and land prices grew by 7.2 percent compared to 2024. Analysts attribute the continued growth primarily to sustained buyer interest amid constrained availability of properties on the market. However, a gradual easing of price growth is expected this year across all residential segments.
In the final quarter of 2025, apartment prices increased by 2.7 percent compared to the previous quarter. Although prices have risen significantly since the end of 2023, quarterly growth has been slowing in recent months. According to Martin Vašek, CEO of ČSOB Hypoteční Banka and ČSOB Building Savings, the pace of quarterly apartment price increases has been declining for three consecutive quarters.
Regional differences remained pronounced. The Karlovy Vary and South Bohemian regions recorded the strongest quarterly apartment price growth at the end of the year, exceeding four percent. In the Central Bohemian Region, prices rose by 3.4 percent quarter-on-quarter. Smaller apartments, including studio units and two-room flats, continued to attract the highest demand, while larger units saw more moderate price increases due to weaker buyer interest. The average time required to sell an apartment extended slightly to nearly five months.
Single-family homes posted a 2.2 percent quarter-on-quarter increase in the fourth quarter. Growth in this segment has stabilized above two percent in recent quarters. Construction activity was most concentrated in the Central Bohemian Region and around Brno during the final months of the year.
Despite rising prices, demand for new home construction has shown signs of softening. High construction material costs have weighed on buyer interest, while older properties in poorer technical condition have become less attractive, particularly following the suspension of certain renovation subsidy programs.
Land prices rose by 2.5 percent in the fourth quarter, marking the strongest quarterly growth in nearly three years. The shortage of available building plots is linked to outdated zoning plans and limited infrastructure capacity. As a result, buyer interest has increasingly shifted toward locations further from larger urban centres. In some cases, modern technologies such as photovoltaic systems and off-grid solutions are compensating for limited public infrastructure.
While 2025 was characterized by strong price growth across residential property types, the outlook for 2026 suggests a more moderate trajectory as affordability pressures and market adjustments begin to take effect.
Source: CTK
