Older dwellings in the Czech Republic rose by 28.2% to CZK 85,000 / m2 in Q2
Updates: 15.08.2021 08:45
Released: 15.08.2021, 08:45
Prague – Sales prices of older flats in the Czech Republic at the end of the half-year rose by an average of 28.2 percent to 85,006 crowns per square meter. The growth rate increased, at the end of March flats rose by 22.5 percent. This follows from the data of the company Bezrealitky.cz, which is available to ČTK. The most expensive was Prague (110,711 CZK / m2), the cheapest was the Ústí nad Labem region (27,980 CZK / m2). Rents fell by an average of two percent to 243 crowns per square meter per month. In the most expensive Prague it was 264 crowns, in the cheapest Karlovy Vary region 149 crowns.
After Prague, the most expensive flats were in the South Moravian Region (77.578 crowns per square meter) and the Central Bohemian Region (64,408 CZK). The cheapest Ústí nad Labem region was followed by the Moravian-Silesian region (CZK 36,395) and the Karlovy Vary region (CZK 41,072).
Prices of older flats increased in all regions. In the Liberec region by more than half, followed by the Karlovy Vary region with growth of 43 percent and the Olomouc region, where prices increased by two-fifths. Flats rose the least in the Vysočina region (by 11 percent), the Pilsen region (by 13 percent) and Prague (by 17 percent).
“Prices of older houses and flats continue to rise and bring new price records. Growth is supported by inflation and the material crisis. Nevertheless, data suggest that it could slow down a bit in the coming months. “It seems that Prague or Brno are increasingly encountering the financial possibilities of Czech households, which means that the only thing for the owners to stay longer in the offer or to reduce the price,” said Hendrik Meyer, director of Bezrealitka.
According to him, the increase has practically one neglected positive throughout the Czech Republic. Older properties, which have been idle for many years, are sold and renovated in a number of locations. You end up heading for sale or rent. “For many owners, the current situation is an impetus for the sale of properties for which they have not yet had a reasonable use. Dozens of such properties go to direct sales per month or the owner will offer them directly for immediate purchase,” added Meyer.
The rent was the highest after Prague in the South Moravian Region (238 crowns per square meter per month) and the Central Bohemian Region (211 crowns). On the other hand, the second and third cheapest were after the Karlovy Vary region in the Ústí nad Labem region (150 crowns) and in the Moravian-Silesian region (164 crowns).
“The increase in prices will probably also apply to rental housing. The decline that has lasted for more than a year has stopped and prices are now starting to rise very cautiously. growing attempts to renew short-term leases, ”added Meyer.
Average price of older dwellings (CZK / m2) in individual regions of the Czech Republic in the second quarter, year-on-year change (in percent):
Region | Price | Year-on-year |
Prague | 110,711 | 17.0 |
Central Bohemian | 64,408 th most common | 25.5 |
Jihočeský | 49,972 th most common | 29.5 |
Plzeňský | 48,082 th most common | 13.5 |
Karlovarský | 41,072 th most common | 43.3 |
Ústí nad Labem | 27,980 th most common | 30.8 |
Liberecký | 58,354 th most common | 53.4 |
Královéhradecký | 57,599 th most common | 23.7 |
Pardubický | 51,991 th most common | 28.8 |
Olomoucký | 53,887 th most common | 37.4 |
South Moravian | 77,578 th most common | 27.5 |
Zlínský | 52,445 th most common | 29.1 |
Highlands | 45,650 th most common | 11.3 |
Moravian-Silesian | 36,395 th most common | 33.0 |
Czech average | 85,006 th most common | 28.2 |
Average monthly rents in individual regions of the Czech Republic in the second quarter (CZK / m2), year-on-year change (in percent):
Region | Price | Year-on-year |
Prague | 264 | -4.3 |
Central Bohemian | 211 | 2.4 |
Jihočeský | 173 | 2.4 |
Plzeňský | 186 | 3.3 |
Karlovarský | 149 | -5.7 |
Ústí nad Labem | 150 | 3.4 |
Liberecký | 179 | 4.1 |
Královéhradecký | 184 | 0 |
Pardubický | 179 | -2.2 |
Olomoucký | 187 | 3.9 |
South Moravian | 238 | 4.4 |
Zlínský | 172 | 1.2 |
Highlands | 178 | 9.9 |
Moravian-Silesian | 164 | 7.2 |
Czech average | 243 | -2.0 |
Source: Bezrealitky.cz