Apartment prices in Prague are at last year’s levels, with the exception of Olomouc
Be can be bought cheaper than last year. Not to be expensive mortgage, add the experts in one breath. The price per square meter fell by roughly 6,000 in Brno crowns. In Pilsen and Ostrava by more than 3 thousand crowns. Apartment prices they maintained their value only in Prague and Olomouc, where they even slightly increased. This follows from the analysis of FérMakléři.cz, which cooperates with more than 100 real estate brokers from big and small real estate offices throughout the Czech Republic.
Apartment prices against Czech republic are lower than in the first a year. It applies to all cities except Prague, where older people can apartments in good condition or after reconstruction to buy for similar prices as in in 2021. In Olomouc apartment prices rose slightly at the end of last year year however, they were also lower than in autumn. “Real estate market will be in this a year look for new except. It will vary depending on the type real estate,” he says Lumir KunzManaging Director FérMakléři.cz. “For example, recreational facilities and older ones apartments will be sold against the year 2022 at significantly lower prices. In contrast, in new apartments we are still monitoring the tendency of prices to hold. It can be seen, for example, in the behavior of some developers who place to sell, they start offering apartments for rent,“I think Lumir Kunz.
The price per square meter is higher for older people apartments in Prague, the average is around 120,000 crowns. It’s only a few hundred crowns less than it was at this time last year, so it can be said that prices are at the same level as before a year. Be with an area of 85 square meters can be bought for around 10 million crowns. The lowest prices fell in Ostrava by 7 percent. Ostrava region so it shows significant price flexibility – even in in 2021 here was one of the highest year-on-year price increases (20%), currently prices are looking for a new one the fastest of all regions Czech Republic. It recorded the second highest year-on-year price drop Brno (-6%), followed by Pilsen with a 5% decrease. The price anomaly is shown by statistics for Olomoucwhere are you apartments to supplement maintained their value and even appreciated slightly (6%). The movement of prices between quarters, however, already shows a reduction in price even in Olomouc.
Price development through the lens of comparison of the end year and autumn documents the highest price drop in Pilsen, by minus 7 percent. Prices fell by 6 percent in Ústní nad Labem, Hradec Králové and Ostrava. Prices fell the least in Olomouc, Prague and České Budějovice, all by 4 percent.
It is expected that even in the spring the statistics will show another slight drop in prices apartments. “The state of the market will be key mortgage. If the wish of many is fulfilled, then the interest mortgage returned to at least 4 percent, people will start selling and buying again in a bigger way,” concludes the commentary on the market situation Lumir Kunz. “For the next month se interest rates apparently they won’t change much. I don’t think anything will change during the first quarter, and I don’t expect any significant decline after that. I can be expected to come inflate to more acceptable values will be CNB reduce rates carefully and without undue haste“, he adds David Eimchairman of the company’s board of directors Cheetah Finance.
Table: Comparison of price trends for all sizes apartmentstogether by cities
City
|
4th quarter/2022; price per m2 (CZK)
|
|
4th quarter/2021; price per m2 (CZK)
|
Quarterly development (comparison Q4 2022/Q3 2022)
|
Year-on-year development (comparison Q4 2022/Q4 2021)
|
|
93,230
|
98,321
|
99,217
|
-5%
|
-6%
|
Czech Budejovice
|
66,994
|
69,590
|
68,394
|
-4%
|
-2%
|
HradecKings
|
74,021
|
79,026
|
76,284
|
-6%
|
-3%
|
|
71 152
|
74,353
|
67,034
|
-4%
|
6%
|
|
43,236
|
45,963
|
46,354
|
-6%
|
-7%
|
|
64,234
|
69,094
|
67,505
|
-7%
|
-5%
|
|
120,480
|
125,228
|
120,877
|
-4%
|
0%
|
Mouth above the Elbe
|
37,085
|
39,657
|
37,373
|
-6%
|
-1%
|