Tuesday, 21 October 2025
Apartment prices in Brno have reached new highs this year, with the average price for new developments rising to around CZK 143,000 per square metre. Developers say demand continues to exceed supply, even as borrowing costs remain high and the pace of new construction remains slow.
According to market data compiled by local developer Trikaya, the price increase marks a roughly nine percent rise since January. Despite higher costs, sales of new apartments edged upward compared with last year, reflecting buyers’ determination to secure homes in a market still struggling with limited availability.
Smaller apartments continue to attract the most interest, particularly compact one-room and two-room layouts. These units offer greater affordability and are being bought quickly once released to the market. Trikaya’s managing director, Dalibor Lamka, noted that nearly every well-prepared project finds buyers within weeks, adding that the pace of approvals rather than demand remains the key barrier to stabilising prices.
Brno’s property market typically slows during the summer months, but around 300 new apartments were sold in the third quarter—well above the city’s long-term seasonal average. By the end of September, more than 40 residential projects were active, offering roughly 1,500 apartments. However, most of these are smaller units, leaving limited options for families seeking larger homes.
Developers and analysts agree that the market’s main obstacle lies in administrative delays. Recent attempts to centralise planning offices and digitise the permitting process have not yet produced the expected efficiencies. As a result, even projects with full financing and completed designs face months of waiting before approval.
Lamka cautioned that until these bottlenecks are resolved, the imbalance between supply and demand will persist—keeping Brno among the Czech Republic’s most expensive and competitive housing markets.
Independent data from property analysts confirms the broader trend. Average prices in Brno rose steadily throughout 2025, following a sharp recovery in demand and a shortage of new projects entering the pipeline. Analysts expect prices to continue rising into 2026, though at a slower pace if mortgage rates begin to ease and administrative reforms take effect.
Source: CTK
