Wednesday, 18 February 2026
Newly built apartments in Prague continued to rise in price toward the end of last year, with the average asking level in residential projects exceeding 176,000 Czech crowns per square metre during the final quarter. Compared with the previous three-month period, values increased by just under three percent, according to market data compiled by a consulting firm that tracks housing developments across the city.
The highest prices were again recorded in the historic centre and neighbouring districts, where new homes reached well above 200,000 crowns per square metre on average. Central locations have long attracted the strongest demand due to limited supply and proximity to services and transport links. In contrast, most outer districts posted more moderate levels, with one area in the southeast of the city registering a small quarterly decline.
The figures underline a long-term upward trend in the capital’s new-build market. Over roughly the past decade, the typical price of a newly constructed apartment has multiplied several times, interrupted only briefly by periods of slower growth when borrowing costs rose and buyer activity softened.
At the same time, the number of active development schemes increased slightly, while the overall pool of unsold units shrank as smaller projects entered the market and previously launched buildings continued to sell. Larger domestic developers remained among the most visible suppliers in terms of available listings.
Smaller and mid-sized flats accounted for the majority of new offerings and transactions. These units tend to attract both first-time buyers seeking more affordable entry prices and investors looking for rental opportunities. Separate surveys conducted by leading residential developers have pointed to similar pricing levels at the end of the year, alongside steady sales volumes despite the continued rise in asking prices.
Source: Deloitte
