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Prague – Prague apartments in development projects were sold in the fourth quarter of last year at an average price of 176,600 crowns per square meter. Their price increased by 2.9 percent quarter-on-quarter. A slight decrease in prices was recorded compared to the third quarter only in Prague 10, where new apartments decreased in price by 0.6 percent. This follows from data from the Develop Index by the technology consulting company Deloitte, which is available to ČTK.

The most expensive remained new apartments in Prague 1 at the end of last year, where the average price per square meter was 262,100 CZK. This was followed by Prague 2, where new apartments were sold for 236,700 CZK per square meter, and Prague 7, where the price per square meter was 225,900 CZK. According to Deloitte, these city districts have long been among the most sought-after living locations.

Quarter-on-quarter, the prices of new apartments increased the most in Prague 8, by eight percent. Prices in development projects in Prague 1 rose by 7.7 percent, and by 6.6 percent in Prague 6. In Prague 10, where only this city district saw prices for new housing decrease quarter-on-quarter, the price per square meter was 157,100 crowns.

In the last 11 years, prices for apartments in Prague's new buildings have nearly tripled, from an average of 65,500 crowns per square meter in December 2014. However, according to Deloitte data, Prague apartments have practically continuously increased in price since 2014. A more significant drop or stagnation was only recorded in the second half of 2023, but subsequently, housing began to rise in price again.

According to Deloitte data, the increase in prices for apartments in development projects was reflected in the fourth quarter across all Prague city districts, with one exception. According to Petr Hána, the director of the real estate and construction department at Deloitte, this is caused by the long-term insufficient construction of new housing and the persisting strong demand.

According to Deloitte data, there were 322 development projects in Prague in the last quarter of last year, which is a quarter-on-quarter increase of 2.9 percent. However, the total number of offered apartments fell by 12.7 percent compared to the third quarter to 7,271. According to the technology consulting company, this is due to the fact that rather smaller projects are newly coming to the market and the already offered apartments are gradually being sold out. The company Central Group had the most available apartments for sale, offering 765. After the largest Czech residential developer followed Metrostav with 194 apartments for sale, then Skanska and Atlantis Investment.

The most new apartments available for sale were 2+kk, with 3,200 sold in the fourth quarter. Their average price was 173,600 CZK per square meter, and they averaged 55.5 m². The next most offered were 3+kk and 1+kk apartments. "Buyers' interest continues to be primarily focused on smaller and medium-sized apartments, which are more affordable in terms of total price. These units are attractive not only for personal housing but also as an investment," added Hána.

The price increase of new Prague apartments in the fourth quarter was also confirmed by the developers themselves. According to an analysis by Central Group, Skanska Residential, and Trigema, new apartments at the end of 2025 were offered at 177,631 crowns per square meter, which is an increase of 8.8 percent year-on-year. Despite the price increase, developers sold 7,800 new apartments in Prague throughout 2025. This was an increase of 8.3 percent year-on-year and 350 apartments more than in the previously record year of 2021.