Wednesday, 22 April 2026
Older apartments in the Pardubice and Ústí regions recorded the fastest year-on-year price growth in the Czech Republic during the first quarter of 2026, with increases of around 20 percent in both markets, according to data from Sreality.cz.
The trend continues momentum seen in the previous quarter and is being driven in part by heightened investor interest in both regions. In the Ústí Region in particular, the gap in price growth between older apartments and new-build units was the most pronounced nationwide.
Across the Czech Republic, the average asking price for apartments reached CZK 89,612 per square metre in Q1 2026, representing an annual increase of just under 16 percent. In the Pardubice Region, average prices stood at CZK 70,666 per square metre, up 21 percent year-on-year. In the Ústí nad Labem Region, older apartments were priced at approximately CZK 46,333 per square metre, reflecting a 20 percent increase. Despite this growth, the region remains the most affordable housing market in the country.
Other regions also reported solid price increases for older housing stock, including Olomouc, South Bohemia, Moravian-Silesia and Pilsen. However, average prices in these areas remained below the national level, with the exception of Prague and the South Moravian Region. The capital continues to exert a strong influence on national averages, with older apartments reaching CZK 153,640 per square metre in the first quarter.
According to Hana Kontriš of Sreality.cz, investor activity in the Ústí Region has been supported by relatively low acquisition costs combined with comparatively strong rental yields and ongoing price growth. In the Pardubice Region, infrastructure development, particularly transport projects, is contributing to improved accessibility and increasing the attractiveness of well-located older properties.
In most regions, older apartments saw stronger price growth than new developments during the quarter. This divergence was most evident in the Ústí Region, where prices of new-build units rose by just 3 percent year-on-year. Notable differences were also observed in the South Bohemian and Zlín regions. By contrast, new housing outperformed older stock in the Liberec and Pardubice regions, while growth rates were broadly aligned in Hradec Králové, South Moravia and Central Bohemia.
The data highlights a continued shift in investor focus towards regional markets offering lower entry prices and stronger yield potential, particularly in segments of older residential stock.
Source: CTK
