Real estate prices in Czechia continue to grow

In the second quarter, Czech family house prices increased by 1.5% quarter-on-quarter and 3.2% year-on-year, driven by interest in renovation projects. CSOB Bank reports that land prices rose 2.5% year-on-year due to limited supply. Apartment prices remained mostly stable, with a slight 0.6% quarterly increase but a 0.4% year-on-year decrease. Demand surged for affordable apartments and renovation projects, influenced by government subsidies. Sales of apartments grew by 23% year-on-year, with the strongest growth in the Plzeň and Liberec regions.