Building land prices in Czechia up by 25 percent year-on-year

Building land prices rose by more than 25 percent in the second quarter of 2024 and by 6.4 percent quarter-on-quarter, according to an analysis by the real estate agency RE/MAX. A square metre of building land in Czechia currently costs approximately CZK 4,233 and the average price for a plot of land is approximately CZK 4 million.

The highest purchase values ate in Prague, where a square metre sells for CZK 14,000 and a plot of lands costs an average of CZK 15 million. According to RE/MAX, buyers prefer relatively cheaper land further away from major cities, which pushes up average prices.