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The Czech housing market has seen significant fluctuations over the past three decades, with over * completed dwellings in 2024. This figure represents an increase since 1995, highlighting the substantial growth in the country's residential construction sector. The highest number of completions was recorded in 2007 at * units.

Rising property prices and mortgage lending

While the number of completed dwellings has generally trended upward, property prices in Czechia have also seen a sharp increase. Apartment prices have more than doubled since 2010, with the price index reaching in 2024. This change in prices was recorded in major cities, with Prague leading at approximately euros per square meter for new residential properties in 2023. The rising costs have been accompanied by fluctuations in mortgage lending and interest rates, with new mortgage lending reaching over **** million CZK in December 2024, an increase of nearly million koruna compared to the same month in the previous year.

Investment trends in Czech real estate

The real estate market in Czechia has experienced fluctuations recently, with investment volumes varying significantly. In the first half of 2024, the total investment volume amounted to *** million euros, a decrease from the *** billion euros recorded in the first half of 2022. Retail real estate attracted the largest share of investment at ** percent, followed by office and industrial properties. The majority of real estate investor activity originated from within the country. This share amounted to ** percent, indicating strong domestic confidence in the market.