Analysis: Older houses increased in price at the end of the year year-on-year by 10% to 43,863 CZK per m²

Prague – Older family houses in the Czech Republic rose in price by a tenth year-on-year in the last quarter of last year and by two percent quarter-on-quarter. A square meter was thus sold for an average of 43,863 crowns. The largest year-on-year price increase was recorded in Hradec Králové, where houses rose by 21 percent. Compared to the third quarter of last year, prices increased the most in Plzeň, where they jumped by 17 percent. This is according to an analysis by the real estate platform FérMakléři.cz, which ČTK has available.

The average year-on-year increase in the price of older family houses in the fourth quarter was mainly reduced by the lower price growth in Olomouc and Ústí nad Labem. In other large cities, houses rose more than the Czech average. While in Ústí nad Labem prices increased by five percent year-on-year and stagnated in Olomouc, for example, in Prague houses rose by 11 percent, in Brno by 13 percent, and in Plzeň by 19 percent.

"We are definitely not in a cooling market for houses; in many cities, prices are up by ten percent or more year-on-year. Buyers who were waiting for significant discounts often find today that even with somewhat lower mortgage rates, they will pay more in absolute terms for the same property than they did a year ago," stated Lumír Kunz, managing director of FérMakléři.cz.

A house in average condition or renovated, sized 150 m², could be bought at the end of last year in Prague for about 17 million crowns. Compared to the same period in 2024, buyers paid 1.65 million crowns more for the property. In Brno, a similar house could be purchased for 13 million crowns, which is about 1.5 million crowns more expensive than a year ago. In Ostrava, this type of property increased in price by about 750,000 crowns to 7.8 million crowns.

Kunz also pointed out that mortgage interest rates are currently not decreasing as significantly as property prices are increasing. "Over the past year, interest rates have fallen by tenths of a percentage point, but property prices have since risen by more than ten percent," he added.

According to the latest data from Swiss Life Hypoindex, the average mortgage rate slightly decreased by 0.01 points to 4.93 percent at the beginning of February. The monthly payment for a mortgage of 3.5 million crowns set at 80 percent of the property’s estimated value (LTV) with a maturity of 25 years and at the average offered rate slightly decreased to 20,314 CZK.

Comparison of price developments for all sizes of family houses combined by cities

City	Q4/2025; price per m² (CZK)	Q3/2025; price per m² (CZK)	Q4/2024; price per m² (CZK)	Quarterly development (comparison Q4 2025/Q3 2025)	Year-on-year development (comparison Q4 2025/Q4 2024)
Brno	86,512	85,445	76,628	1 %	13 %
České Budějovice	72,836	69,116	64,557	5 %	13 %
Hradec Králové	79,873	73,412	65,854	9 %	21 %
Olomouc	60,708	64,534	60,792	-6 %	0 %
Ostrava	52,182	51,613	47,028	1 %	11 %
Plzeň	82,848	71,111	69,477	17 %	19 %
Prague	113,530	110,539	102,512	3 %	11 %
Ústí nad Labem	41,739	43,609	39,891	-4 %	5 %
Czech Republic	43,863	42,916	40,000	2 %	10 %

Source: FérMakléři.cz