The first six months of 2025 were among the most successful for Czech developers in the last 14 years. In the first quarter of the current year alone, 2,550 new apartments were sold in Prague, which is a 60% increase compared to the same period last year. In Brno, the number of transactions almost doubled.
Reasons
Experts attribute this growth to several key factors. Many buyers are trying to lock in current prices by investing in projects under construction with a prospect of completion in 2-3 years. This approach allows them to postpone taking out a mortgage while waiting for interest rates to fall.
Real estate has traditionally been a reliable way for Czechs to save money, especially in the context of instability in global financial markets. This is confirmed by the fact that almost half of the apartments in new residential complexes have been sold out at the pre-sale stage.
Prices
Price indicators continue to reach new highs. In newly built buildings in Prague, the average price per square meter has reached 6,730 EUR, and in projects that are just starting up, it is approaching 7,050 EUR. An apartment of 70 sq m. in the capital is already valued at 472,670 EUR. In Brno, the situation is a little different, but even there prices have surpassed all previous records.
The growth is especially noticeable on the secondary market, where the price of “old“ apartments in Prague has jumped by 14% year-on-year. According to analysts, the current dynamics will continue in the near future, as supply continues to lag behind demand, and real estate remains one of the most reliable assets for investment.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be seen HERE