HPI index: housing prices in Czechia more than doubled in past decade

The purchase price of flats in Czechia has more than doubled over the past ten years, according to the data released by the Czech Statistics Office on Thursday.

The Housing Price Index, which measures the prices changes of all types of residential properties throughout Europe, increased by 23.1 percent year-on-year in the second quarter of 2022. Compared to the second quarter of 2012, residential property prices rose 132.6 per cent.

The Housing Price Index has been rising continuously since the end of 2013 and according to the Eurostat data, it is the second highest in Czechia, following Hungary.