Czech housing construction drops sharply, investment costs surge

The number of new homes completed in the Czech Republic fell by 20.5 percent last year, with just 30,274 housing units finished, according to fresh data from the Czech Statistics Office (ČSÚ). The decline marks a significant slowdown in construction activity, with the sharp drop seen in both family houses and apartment blocks—each down by roughly a fifth year-on-year.

Most of the completed homes were located in Prague and the Central Bohemian Region. Family houses accounted for half of all new builds, while apartment buildings made up more than a third.

Despite the overall slowdown, the average size of completed units edged up slightly compared to 2023. At the same time, the Office notes that investment costs linked to new housing projects rose markedly—adding further pressure to an already strained housing market.