Old houses and apartments only 6% cheaper than new properties by the end of 2020

2020 has brought several major trends. Despite the continuous rise in real estate prices, the desire of Czechs to invest in real estate has not diminished – especially in smaller apartments and older houses well served by public transport.

Their number increased by 36% year over year, supported by greater availability of rental apartments and lower rental prices. In Prague’s largest market, rents returned to 2018 levels at the end of the year.

The main reasons for this development are the greater availability of rental apartments and the drop in rental prices. Rental prices equivalent to 2018 prices.

On another note, the selling prices of old houses and apartments have increased despite the Covid-19 pandemic, with a 13% increase year on year, the average price of a house is increased to 37,635 CZK per square meter, while apartments increased. at 67,517 CZK per square meter.

Real estate prices increased the most year over year in the Hradec Králové area (houses by 31%, apartments by 24%), in the Ústí area (houses by 33%, apartments by 18%) and the region of Plzeň (houses 26%, apartments 16%).

Apartments in the capital remain the most expensive, where the average price in 2020 was around CZK 95,196 per square meter, followed by Brno and apartments in the South Moravian region, with an average price of CZK 64,999 per square meter. square meter. Apartments in the Central Bohemian region have an average price of 53,102 CZK per square meter.

In Brno and the Central Bohemian region, apartment prices rose at an above-average rate of 18% year-on-year. In the fourth quarter of 2020, for the first time, second-hand apartments in Prague fluctuated above 100,000 CZK per square meter.

The price of new Prague buildings reported by developers was just under 108,000 per square meter, and at the end of the year an older apartment in Prague was only 6% cheaper than a new one.

In Prague and Brno, due to the surge in prices, the total area of ​​real estate sold has fallen again and people are trying to compensate for the increase in prices with smaller apartments. On the contrary, in the Central Bohemian region people are more willing to pay extra, but this is also due to the fact that a large part of the demand comes from neighboring Prague.

Ceny za m2 bytů

Q1 2020

Q2 2020

Q3 2020

Q4 2020

Hlavní město Praha

94 103 Kč

94 619 Kč

92 031 Kč

101 033 Kč

Středočeský kraj

51 005 Kč

51 301 Kč

55 772 Kč

53 958 Kč

Jihočeský kraj

35 323 Kč

38 598 Kč

40 791 Kč

42 672 Kč

Plzeňský kraj

41 042 Kč

42 362 Kč

44 075 Kč

50 041 Kč

Karlovarský kraj

29 662 Kč

28 667 Kč

31 932 Kč

31 696 Kč

Ústecký kraj

18 082 Kč

21 392 Kč

18 929 Kč

22 432 Kč

Liberecký kraj

41 422 Kč

38 050 Kč

42 003 Kč

48 484 Kč

Královéhradecký kraj

41 547 Kč

46 564 Kč

46 490 Kč

48 940 Kč

Pardubický kraj

37 244 Kč

40 374 Kč

40 137 Kč

38 902 Kč

Olomoucký kraj

37 942 Kč

39 228 Kč

38 920 Kč

36 816 Kč

Jihomoravský kraj

61 933 Kč

60 825 Kč

65 797 Kč

68 211 Kč

Zlínský kraj

36 506 Kč

40 618 Kč

41 057 Kč

40 782 Kč

Vysočina

35 596 Kč

41 016 Kč

39 253 Kč

37 959 Kč

Moravskoslezský kraj

24 838 Kč

27 369 Kč

28 888 Kč

26 486 Kč

Celá ČR

65 600 Kč

66 292 Kč

66 697 Kč

71 567 Kč

Cane Ceny za m2. domů

Q1 2020

Q2 2020

Q3 2020

Q4 2020

Hlavní město Praha

74 950 Kč

68 892 Kč

72 035 Kč

70 417 Kč

Středočeský kraj

47 161 Kč

43 276 Kč

43 745 Kč

47 276 Kč

Jihočeský kraj

30 630 Kč

25 523 Kč

24 381 Kč

27 615 Kč

Plzeňský kraj

28 245 Kč

30 541 Kč

28 320 Kč

28 568 Kč

Karlovarský kraj

35 587 Kč

29 656 Kč

14 152 Kč

22 245 Kč

Ústecký kraj

20 178 Kč

22 466 Kč

22 537 Kč

28 188 Kč

Liberecký kraj

26 447 Kč

29 455 Kč

32 418 Kč

27 129 Kč

Královéhradecký kraj

31 129 Kč

26 686 Kč

27 330 Kč

38 414 Kč

Pardubický kraj

24 592 Kč

27 355 Kč

25 966 ​​Kč

27 495 Kč

Olomoucký kraj

22 683 Kč

31 325 Kč

21 694 Kč

29 362 Kč

Jihomoravský kraj

32 184 Kč

33 468 Kč

36 371 Kč

38 688 Kč

Zlínský kraj

23 568 Kč

15 723 Kč

17 642 Kč

16 997 Kč

Vysočina

21 491 Kč

21 526 Kč

17 439 Kč

31 318 Kč

Moravskoslezský kraj

25 805 Kč

23 642 Kč

28 808 Kč

32 787 Kč

Celá ČR

38 063 Kč

36 075 Kč

35 901 Kč

40 426 Kč

Due to rising house prices, coupled with the instability and uncertainty of the pandemic, a record number of Czechs have rented their properties, using favorable prices.

Bezrealitky, which accounts for about a fifth of the share of all rents in the Czech Republic and 40% of all rents in Prague, 47,000 houses and apartments were let last year. The largest number ever documented via the portal. The largest year-over-year increase in the number of rented properties was recorded in Prague, where even 50% more houses and apartments were rented. Residents of other regions have also rented their properties more – 38% more apartments and houses have been rented in the Liberec region, for example.

The tilt towards rents has been supported by stagnant rental prices. “The length of time that prices are maintained at current levels will only depend on the recovery of the tourism market. In Prague, we can expect a rise in prices and a decrease in the number of apartments offered when tourism resumes ”, explains Hendrik Meyer. “In Brno, where supply is more influenced by local residents, rental prices will be mainly affected by the pressure surge in demand.”

Nájem za m2 bytů

Q1 2020

Q2 2020

Q3 2020

Q4 2020

Hlavní město Praha

293 Kč

276 Kč

273 Kč

267 Kč

Středočeský kraj

212 Kč

206 Kč

207 Kč

206 Kč

Jihočeský kraj

168 Kč

169 Kč

177 Kč

162 Kč

Plzeňský kraj

185 Kč

180 Kč

184 Kč

185 Kč

Karlovarský kraj

149 Kč

158 Kč

149 Kč

147 Kč

Ústecký kraj

143 Kč

145 Kč

146 Kč

147 Kč

Liberecký kraj

171 Kč

172 Kč

171 Kč

169 Kč

Královéhradecký kraj

182 Kč

184 Kč

192 Kč

195 Kč

Pardubický kraj

178 Kč

183 Kč

180 Kč

167 Kč

Olomoucký kraj

176 Kč

180 Kč

177 Kč

176 Kč

Jihomoravský kraj

226 Kč

228 Kč

231 Kč

228 Kč

Zlínský kraj

172 Kč

170 Kč

170 Kč

168 Kč

Vysočina

161 Kč

162 Kč

167 Kč

166 Kč

Moravskoslezský kraj

154 Kč

153 Kč

164 Kč

159 Kč

Celá ČR

250 Kč

248 Kč

245 Kč

240 Kč

Number of rented properties in the Czech Republic over time:

• Q2 2019: 8,765

• Q3 2019: 9009

• Q4 2019: 8487

• Q1 2020: 9,343

• Q2 2020: 1,839

• Q3 2020: 12,107

• Q4 2020: 1,760

The apartments and houses for rent advertised in most cases found new owners and tenants within three weeks of listing the properties. Small apartments and houses in the suburbs for sale usually found their new owners within a month, while large apartments and houses needed about a month and a half. In three months, over 95% of all residential properties on offer had been sold.

“Without a doubt, the ongoing digitization of the real estate market and the growing desire to offer their properties directly is also playing a role in the rapid pace of property purchases or rentals.”

Bezrealitky is the biggest service offering the possibility of direct sale or rental of real estate, and at the same time, they are one of the most visited Czech real estate websites.

The portal is visited by over half a million people interested in housing each month, and each month around 800 people successfully sell their property on the platform, and around 4,000 properties are rented out.

The portal saved people around CZK 2 billion in 2020 in commissions, which they would otherwise have to pay to estate agents.


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