Prague, regional city housing prices up 6.9 pct on average in 3Q19

10-03-2020

Average housing prices in Prague and large regional cities grew by 6.9 percent year on year in the third quarter of 2019, to CZK 60,700 per square metre, a study by the consultancy Deloitte shows.

The biggest price increases were in Zlín (+18.9 percent), Ústí nad Labem (+15.7 percent) and Hradec Králové (+13.3 percent). Prices dropped most in Olomouc (-6.2 percent), Brno (-4.3 percent) and Pardubice (-1.8 percent).

Prague housing prices stood at CZK 85,400 per square metre on average in the third quarter. The average price of a new apartment in Prague has risen by 90 percent since mid-2015, Deloitte says.

The most expensive apartments were sold in Prague 1 (CZK 141,000 per sqm) and Prague 2 (CZK 116,100 per sqm). The cheapest were in Prague 9 (CZK 75,300 per sqm) and Prague 4 (CZK 76,000 per sqm).