What is shaping the Czech property market, and where is it worth investing in property? We bring you the latest developments from the property world.
Deloitte Property Index 2025 – Prague ranks third for least affordable owner-occupied housing
Europe’s housing market continues to face expensive mortgages, slow construction and rising rents. Yet demand is not falling – people are looking for flats primarily in major cities. New housing is most affordable in places such as Odense, Denmark, or Turin, Italy, where a 70 m² flat costs roughly five annual salaries. At the other end of the ranking is Amsterdam, where more than fifteen annual salaries are needed, followed closely by Athens and Prague with a similar figure. Czechs therefore remain among the Europeans who find it hardest to afford their own flat. As a result, people are increasingly opting to rent, driving rents sharply upwards in Prague and regional cities alike.
Source: Deloitte Property Index
Audit reveals major flaws in the digitalisation of building permit procedures
The digitalisation of building permit procedures, intended to speed up and simplify the process of obtaining permits, has serious shortcomings. The recently published technical part of the audit revealed missing key documentation, weak project management and a failure to consider users’ needs during development. The portal is complex, training is inadequate and there is no backup infrastructure. On the positive side, the audit found that the system has been built on modern technologies that will enable better integration and sustainability in the future. The Ministry for Regional Development promises remedial action – a new IT division has been established, staffing changes have been made, requirements are being collected from officials and the public, and consultations with potential suppliers are due to take place in September.
Source: Ministry for Regional Development
