Apartments increased in price last year by 13.6%, houses by 9.5%, and land by 7.2%

Prague – Real estate prices rose to new highs last year. Apartment prices increased by 13.6 percent year-on-year in 2025, single-family homes by 9.5 percent, and land by 7.2 percent. This is according to data from the ČSOB Housing Index available to ČTK. The rise in property prices is attributed to increased demand and insufficient supply in the market. However, this year, apartments, houses, and land should experience slower price increases.

In a quarter-on-quarter comparison, apartments rose in price by 2.7 percent in the last quarter of 2025. Although since the end of 2023, apartments have increased in price by 17.8 percent, the growth rate is slowing, according to Martin Vašek, CEO of ČSOB Hypoteční Banka and ČSOB Building Savings. "We have observed a slight decline in the quarterly growth rate of apartment prices for three consecutive quarters," Vašek added.

The highest quarterly price increases for apartments at the end of 2025 were in the Karlovy Vary and South Bohemian regions, with increases of more than four percent. In the Central Bohemian Region, prices rose by 3.4 percent compared to the third quarter. According to the ČSOB Index, apartments in panel buildings saw higher increases than those in brick houses. The most sought-after remained so-called micro-apartments, such as studios, units, and apartments sized 2+1 and 2+kk. Large apartments saw the slowest price increases due to limited demand. The average selling time for apartments slightly increased to approximately 4.8 months.

Single-family homes rose in price by 2.2 percent in the fourth quarter compared to the third quarter. Vašek noted that the growth rate for houses has stabilized above two percent in the last three quarters of last year. The most single-family homes were built in the Central Bohemian Region and around Brno in the last quarter of 2025.

According to the ČSOB Index, demand for new home construction has slightly declined. Factors behind the weaker interest from buyers included high prices for construction materials. At the same time, there continued to be less interest in older properties in poorer technical condition due to the suspension of subsidy programs for renovations.

Land prices rose by 2.5 percent in the fourth quarter compared to the third quarter, the highest increase in nearly three years. The shortage of building land in the market is attributed, according to the ČSOB Index, to outdated zoning plans and insufficient capacities of engineering networks. Buyer interest has thus shifted further away from larger settlements and towards areas without public infrastructure. Necessary infrastructure can currently be replaced by new technologies such as photovoltaics, home cleaners, or off-grid homes.

Development of apartment prices until the fourth quarter (year-on-year increase of 13.6 percent):

Quarter	Quarter-on-quarter change (%)	Index (Q1 2010=100)
Q4/2024	+3.4	227.9
Q1/2025	+3.7	236.3
Q2/2025	+3.5	244.5
Q3/2025	+3.2	252.3
Q4/2025	+2.7	259.1

Development of single-family home prices until the fourth quarter (year-on-year increase of 9.5 percent):

Quarter	Quarter-on-quarter change (%)	Index (Q1 2010=100)
Q4/2024	+1.9	220.9
Q1/2025	+2.5	226.4
Q2/2025	+2.3	231.6
Q3/2025	+2.2	236.7
Q4/2025	+2.2	241.9

Development of land prices until the fourth quarter (year-on-year increase of 7.2 percent):

Quarter	Quarter-on-quarter change (%)	Index (Q1 2010=100)
Q4/2024	+1.4	313.1
Q1/2025	+2.0	319.4
Q2/2025	+1.6	324.5
Q3/2025	+1.0	327.7
Q4/2025	+2.5	335.6

Source: ČSOB Housing Index