Tuesday, 14 April 2026
Prices of new apartments in Prague increased by 8% year-on-year in the first quarter of 2026, reaching CZK 176,440 per sqm, according to data from BuiltMind. On a quarterly basis, prices also recorded a modest increase.
Despite the price growth, sales activity weakened. Developers sold 1,518 new apartments during the quarter, down more than 28% compared to the same period last year, when 2,118 units were transacted.
The supply of new homes remained limited, with fewer than 6,000 units available on the market, broadly in line with early 2025 levels. Although the number of available apartments increased during last year, the analysis indicates that new supply continues to be absorbed relatively quickly.
Market dynamics are influenced by a combination of slow permitting processes, construction constraints and developers’ strategies of releasing units in phases. These factors continue to shape both supply levels and pricing trends.
Compared to other Central European capitals, Prague’s residential market shows lower levels of activity. While sales volumes exceeded 4,300 units in Warsaw during the same period, Prague recorded significantly fewer transactions. The difference in supply is also notable, with Warsaw offering around 14,000 new apartments compared to fewer than 6,000 in Prague.
Within the city, the highest number of transactions was recorded in Prague 9, followed by Prague 4, Prague 5 and Prague 10. Together, these districts accounted for more than 80% of total sales.
Among developers, Central Group recorded the highest sales volumes, followed by Finep and CPI Property Group. The most active projects included Tesla Hloubětín and Kolben Park.
Although transaction volumes declined at the start of the year, demand for housing remains relatively resilient. Market expectations suggest that quarterly sales could stabilise at around 1,500 units, supported by underlying demand despite ongoing economic and geopolitical uncertainty.
Source: CTK
