Property market news – April 2025

In today's article, we bring you

• the current market level of rent,
• the current number of enforcement proceedings,
• the latest market trends and forecasts,
• tips on interesting properties.

Below, you can compare the current rents for flats of different sizes and in different locations. The prices are indicative, as they always depend on the specific property. These figures apply to standard flats in new-build developments.

Property prices are rising faster than incomes

Property prices in the Czech Republic have risen by 124% over the past 10 years, placing the country in a notional second place in the EU, just behind Hungary (+209%). By comparison, the average increase in property prices across the EU since 2015 is 54%. While in other countries property price growth has been matched by rising incomes, this cannot be said of the Czech Republic. Income growth has lagged significantly behind property prices, with incomes increasing by only 83% over the past 10 years. Property prices here are rising primarily due to a shortage of new flats and slow approval processes at public authorities. The result is a gradual decline in the affordability of owner-occupied housing and growing interest in renting.

Source: Czech Banking Association

Digitalisation of building permit procedures in the Czech Republic: big promises, bitter reality.

The Builder's Portal was meant to be a revolution that would speed up and simplify building permits. Instead, it has tended to slow them down. Although the Ministry for Regional Development ceremonially announced the completion of the final wave of connecting authorities to the so-called technological bypass, which allows the old and new systems to operate simultaneously, even this did not save the system. The information system has repeatedly reported outages, including as a result of hacker attacks. A new digitalisation solution is now being prepared and is expected to be operational from 2028.

Source: Czech Chamber of Authorised Engineers and Technicians (ČKAIT), Ministry for Regional Development of the Czech Republic

Luxury flat in Prague's Vinohrady – combining tranquillity with a central location and historic character with modern standards.

We offer a luxuriously renovated 3+kk flat with an area of 89.5 m², located on the 4th floor of a historic building in the quiet Chodská Street, Prague 2 – Vinohrady. The flat has undergone a complete refurbishment to the highest standards, using premium materials. The interior features two bedrooms and two bathrooms. The ceilings are 3 m high and the floors are finished with oak parquet. The bedrooms offer beautiful views of a large green courtyard and an Evangelical church. The location is exceptional for its central position while remaining peaceful, just a one-minute walk from the Šumavská tram stop and five minutes from Náměstí Míru metro station. There are three parks nearby – Bezručovy sady, Svatopluka Čecha and Bratří Čapků.

View the listing.

Spacious flat in central Prague – with the option of dividing it into two separate units

We offer a 4+1 flat with a total area of 158 m², situated on the 5th floor of a brick building in Prague 2 – Nové Město, on Odborů Street. The flat is exceptional for its flexibility – it was originally two separate units, and both entrances remain accessible. The layout offers the possibility of conversion into a 6+1 or division back into two flats. The property underwent a complete refurbishment before 2000 (utilities, floors and sanitary facilities) and is in very good condition. It is also a suitable investment with an expected annual yield of approximately 3%.

View the listing.

Family house with a swimming pool and sauna in Průhonice

We offer for exclusive sale a detached family house built in the late 1990s. The house is located in a peaceful area close to Prague. The ground floor comprises a living room with a fireplace connected to a dining area and bar, a kitchen, bathroom, garage, swimming pool with a fitness area, and a glazed veranda. The upper floor features additional rooms, a sauna and a terrace. The house is surrounded by a beautiful garden with an English lawn and mature trees. The location has good local amenities and public transport connections.

View the listing.