New apartment in Prague with an area of 70 sq. m. m is now worth about CZK 12 million, which is about 9% higher than last year.
Apartments in Pilsen, Brno and Ust-nad-Labem often cost less than half the price of similar apartments in Prague, and housing in Central Bohemia can be about 40% cheaper.
In Prague, there are serious problems with the supply of real estate due to delays in obtaining building permits, which contributes to rising prices. However, the new government coalition has promised to increase the number of affordable housing.
Large infrastructure projects also affect price trends. Line D of the Prague Metro under construction, new sections of the Prague Ring Road and planned high-speed rail corridors are among the upgrades expected to change demand in the coming years.
Given analysts' forecasts of an annual 5-6% increase in real estate prices in 2026 and beyond, as well as a three-year minimum in mortgage rates, now may be a good time for potential buyers. Expat.cz .
Almost all foreigners (from the EU and third countries) can purchase real estate in the Czech Republic, from apartments and houses to commercial facilities. However, owning real estate does not give you any right to live.
Source: Expat.cz
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