Tuesday, 22 September 2026
Apartment prices in Prague continued to rise at the beginning of 2026, with the average value of completed transactions reaching CZK 153,100 per sqm in the first quarter. Deloitte’s latest Real Index shows a 2.4% increase compared with the previous quarter, with prices rising across every Prague district covered by the survey.
Prague 1 remained the capital’s most expensive district for completed apartment transactions, averaging CZK 216,700 per sqm. The strongest increase was recorded in Prague 2, where prices rose 9% to CZK 199,900 per sqm. At the other end of the market, Prague 4 recorded the lowest average at CZK 144,400 per sqm.
The figures are based on completed apartment sales registered in the Czech Real Estate Cadastre, making them different from the asking-price statistics commonly used to describe Prague’s new-build market. This distinction has become increasingly important as prices for apartments offered by developers have moved substantially above the average for transactions across the wider residential market.
Deloitte’s separate Develop Index put the average asking price of apartments available in Prague development projects at CZK 182,700 per sqm in the second quarter, up 1.3% from the previous three months. Prague 2 was the most expensive district in this dataset at CZK 265,100 per sqm, while Prague 10 had the lowest average development asking price at CZK 166,800 per sqm.
Demand for newly built housing has remained relatively strong despite the higher prices. Around 1,950 new apartments were sold in Prague during the second quarter, 11% more than in the same period of 2025 and more than 8% above the first quarter. Approximately 3,750 new homes changed hands during the first half of 2026, according to market data compiled by Central Group, Skanska Residential and Trigema.
Prices in this segment have continued to set new highs. The developers’ market analysis put the average sales price of new Prague apartments above CZK 182,000 per sqm in the second quarter, while the average asking price approached CZK 188,000 per sqm. At the same time, the number of new apartments available for sale increased to around 6,450, the largest supply recorded in approximately a decade.
The figures point to a widening difference between the price of housing across Prague’s overall transaction market and apartments in newly developed projects. Deloitte’s CZK 153,100 per sqm Real Index figure and the more than CZK 182,000 per sqm being achieved for new apartments measure different segments and periods, but together illustrate the premium buyers are paying for newly built housing.
Higher supply has therefore not yet translated into falling development prices. Prague entered the second half of 2026 with more new apartments available to buyers, but also with new-build prices at record levels and sales volumes remaining high by historical standards. The combination continues to underline the tension between strong housing demand, expensive new development and the longer-term challenge of increasing residential supply in the Czech capital.
Source: CTK
