Apartment prices rose sharply in 2024, up 9% in regional capitals

Apartment prices in Czech regional capitals rose by 9% in 2024, while prices outside them increased by 7.8%, according to a new analysis by Valuo.cz. The average price per square meter reached CZK 73,000, and CZK 82,000 when including new-builds. In regional capitals, apartments averaged CZK 95,000 per square meter—or CZK 106,000 with developer projects—nearly double the average outside these cities. Apartment prices in buildings of prefabricated parts (paneláky) remained stable in regional capitals but declined to CZK 45,000 per square meter elsewhere, signaling weaker demand. Larger apartments and brick buildings remain more popular in cities with limited availability of family homes.