Monday, 13 April 2026
Prices for older apartments across the Czech Republic continued to rise in early 2026, with year-on-year growth reaching 15 percent in the first quarter and pushing the national average to CZK 83,333 per square metre. Quarter-on-quarter, prices increased by a more moderate three percent, reflecting steady but sustained demand, according to an analysis by FérMakléři.cz.
The data highlights a widening divergence between core markets and regional cities. While Prague and Brno remain the most expensive locations, the strongest price growth is now being recorded in more affordable urban centres.
In Prague, older flats reached an average of CZK 155,365 per square metre in the first quarter, marking a nine percent annual increase and a three percent rise since the end of 2025. Brno followed with prices climbing 10 percent year-on-year to CZK 122,813 per square metre, alongside a four percent quarterly increase.
Elsewhere, regional cities showed more pronounced upward momentum. Plzeň recorded a 13 percent annual increase to CZK 87,127 per square metre, while Hradec Králové and České Budějovice both posted year-on-year growth of 11 percent. In contrast, Olomouc saw more subdued movement, with prices rising six percent annually and just one percent quarter-on-quarter.
The most significant gains were observed in traditionally lower-priced markets. Ústí nad Labem led the trend with a 24 percent annual increase, taking prices to CZK 52,170 per square metre, alongside a six percent quarterly rise. Ostrava also recorded strong growth, with prices up 16 percent year-on-year to CZK 67,377 per square metre.
According to Lumír Kunz, managing director of FérMakléři.cz, the data reflects a shift in buyer behaviour towards more affordable locations, where pricing remains below the national average but demand is intensifying.
In absolute terms, rising prices are having a growing impact on household affordability. An 80 sq m apartment in Prague increased in value by more than CZK 1 million year-on-year, reaching approximately CZK 12.43 million. In Brno, a similar unit rose by around CZK 860,000 to CZK 9.83 million. Comparable increases were also recorded in regional cities, including Ostrava, Ústí nad Labem and Olomouc, underlining that even lower-cost markets are experiencing significant price pressure.
The first-quarter data suggests that while headline pricing remains anchored in the country’s largest cities, the current growth cycle is increasingly being driven by regional demand, as buyers continue to prioritise affordability amid constrained supply.
Source: CTK
