Selling prices for older apartments in the Czech Republic increased 22.5% to CZK 80,367 m2

Selling prices for older apartments in the Czech Republic at the end of the first quarter increased on average 22.5% year-on-year to CZK 80,367 per m².

The most expensive was Prague (104,103 CZK per m²), with the cheapest being the Ústí nad Labem area (25,819 CZK per m²), according to Bezrealitky.

“Even a year with the coronavirus has not stopped the growth of prices for second-hand homes. Important records and milestones have fallen across the country. An older apartment in Prague sells for over 100,000 CZK per m². This is the price at which it was possible to buy apartments in mid-2018. For the first time, prices in Brno exceeded 70,000 CZK per m², ”said Hendrik Meyer, Director of Bezrealitky.

After Prague, the most expensive apartments were in the region of South Moravia (CZK 70,923 per m²) and the region of Central Bohemia (CZK 58,705 per m²).

The cheapest Ústí nad Labem region was followed by Moravia-Silesia (33,145 CZK per m²) and Vysočina (34,036 CZK per m²).

Year on year, prices increased the most in the Liberec region, by 57.1%. In the region of Ústí nad Labem they increased by 42.8 percent, in the region of Hradec Králové they increased by less than two fifths. In contrast, in the Vysočina region, older apartments fell 4.4% cheaper, in Prague they increased by around one tenth.

“At the same time, the appetite for leisure real estate has also had a significant effect on the prices of ordinary apartments. For example, in the Liberec region, due to the increased demand for apartments and apartments that can be used for recreation, the price of apartments has increased by a third in a single quarter. also the Hradec Králové area due to the demand for apartments in the Giant Mountains and the Eagle Mountains, ”Meyer added.

At the end of the first quarter, the average price of older family homes in the Czech Republic increased 12% year-on-year to CZK 42,624 per m².

The most expensive were in Prague with an average price of CZK 77,103 per m2, followed by Central Bohemia (CZK 54,440 per m2), South Moravia (CZK 43,430 per m2) and the Karlovy Vary region (CZK 33,562 per m2) . In contrast, the cheapest houses were in the Zlín region (24,335 CZK per m²), the Ústí region (25,657 CZK per m²) and the Vysočina region (26,727 CZK per m²).

In a year-over-year comparison, prices for family homes increased the most in the South Moravian region, by 34.9 percent. Next come the region of Pardubice (by 30.9 percent) and the region of Ústí nad Labem (by 27.2 percent).

In contrast, in the regions of South Bohemia, Plzeň, Karlovy Vary and Hradec Králové, prices fell on average by five to seven percent.

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