Friday, 3 October 2025
Demand for new apartments in Brno surged in the first quarter of 2025, with 479 units sold—nearly matching total sales for all of last year. The average asking price per square meter also reached a record high of CZK 134,900, according to a report by a development company that regularly monitors the city’s residential market.
The growth in sales comes despite continued increases in apartment prices and only gradual declines in mortgage interest rates. According to Dalibor Lamka, the company’s director, the primary factor driving prices is the limited number of new apartments being released onto the market.
“Buyers remain active despite higher prices and the cost of financing. The real issue is the consistently low volume of new housing being built,” said Lamka. “With only slightly more than 1,000 apartments currently available, the market lacks sufficient supply. Improving the housing situation will require significantly greater construction volumes each year.”
The average price per square meter rose by 3 percent compared to the previous quarter. Lamka attributed the faster pace of price growth to the launch of new, more expensive projects and the persistent imbalance between demand and supply, which is partly due to lengthy permitting processes.
While 334 new apartments were added to the market since the beginning of 2025, overall supply remains stagnant. As of the end of March, there were 1,179 units available. Prices vary depending on location. In some central districts such as Brno-střed and in Kníničky, the average asking price exceeds CZK 140,000 per square meter. In contrast, areas such as Bystrc, Maloměřice and Obřany, Komín, Černovice, and Brno-jih offer new housing priced about 10 percent below the citywide average.
Source: CTK
