Thursday, 22 October 2026
The Czech residential property market showed signs of slower price growth during the third quarter of 2026, with older apartments recording modest increases and family houses experiencing a decline in average asking prices compared with the previous quarter. According to an analysis by property platform Bezrealitky, the national average asking price for older apartments reached CZK 123,895 per sqm, representing an increase of 1% quarter-on-quarter and 5% compared with the same period in 2025. Older family houses averaged CZK 66,408 per sqm, down 3% from the second quarter, although prices remained approximately 1% higher than a year earlier.
Prague continued to record the highest apartment prices in the country, with older residential units advertised at an average of CZK 163,043 per sqm. This represented quarterly growth of 2% and an annual increase of 6%. However, the pace of annual growth was lower than the 9% recorded in the previous quarter, suggesting some moderation in the capital’s residential market. In South Moravia, which includes Brno, apartment asking prices reached CZK 122,751 per sqm, increasing by 1% during the quarter and 10% year-on-year.
Regional apartment markets showed considerable differences in performance. Central Bohemia recorded an average of CZK 102,785 per sqm, up 5% quarter-on-quarter, while South Bohemia experienced a 7% quarterly increase to CZK 83,736 per sqm. By contrast, asking prices declined by 5% in the Ústí Region and 4% in Moravia-Silesia. Despite these quarterly reductions, both regions remained considerably more expensive than a year earlier, with annual increases of 17% and 12%, respectively. The figures suggest that local market conditions are influencing prices differently across the country.
The market for older family houses was generally weaker than the apartment segment. In Prague, average asking prices remained unchanged during the quarter at CZK 119,030 per sqm, representing a 2% annual decline. South Moravia recorded a quarterly reduction of 4% to CZK 63,418 per sqm, while the Vysočina Region experienced a 5% decline to CZK 43,723 per sqm. The Ústí and Karlovy Vary regions recorded quarterly increases of 6%, although both remained 6% below their levels from the previous year.
Rental accommodation continued to become more expensive, although the rate of increase differed between locations. Across the Czech Republic, average advertised rents reached CZK 400 per sqm per month, representing growth of 2% compared with the second quarter and 8% year-on-year. Prague and its surrounding metropolitan area recorded average rents of CZK 460 per sqm, up 1% during the quarter and 4% annually. The figures indicate that rental costs are continuing to rise even as the purchase market shows signs of stabilisation.
Brno experienced stronger rental growth during the quarter, with average asking rents increasing by approximately 6% to CZK 383 per sqm per month. The increase coincided with seasonal demand from students seeking accommodation before the start of the academic year. Central Bohemia also recorded a quarterly increase of approximately 4% to CZK 340 per sqm, while rents in Hradec Králové rose by 13% compared with the previous year. Other regional cities, including Liberec and Zlín, recorded annual rental increases of 10%, illustrating continued differences in local housing demand.
Hendrik Meyer, head of EEC Group, which includes Bezrealitky, indicated that the current market conditions bear some similarities to the period following the sharp increase in mortgage costs in 2022. However, he suggested that the present slowdown could develop into a more sustained period of price stability. The future direction of the market will depend partly on mortgage financing conditions, interest rates, the availability of newly completed housing and developments in the rental sector. Changes in household purchasing power and the volume of properties offered for sale may also influence price movements.
The third-quarter figures indicate that the Czech housing market is becoming increasingly differentiated by property type and location. Apartment asking prices continue to rise in several major urban markets, while older family houses are experiencing weaker demand and, in some regions, declining prices. Rental accommodation remains under upward pressure, particularly in cities with substantial student populations and employment opportunities. Although the latest data suggest that residential price growth is moderating, the figures relate to advertised prices rather than completed transactions and do not establish whether the market has entered a prolonged period of stability.
