Czech Resale Home Prices Hit a Record High in 2026

Housing prices in the Czech Republic have hit an all-time high

Second-hand property prices in the Czech Republic have risen to an all-time high, but these record prices have not deterred buyers; rather, they have altered their plans. In Prague, a 50-square-metre flat costs over €3,000,000, whilst on the outskirts, sellers are willing to lower their asking prices.

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According to data from the Czech Land Registry and the agency Maxima Reality, in July 2026 the average price of a flat sold on the secondary market reached a record €176,000.

In the first seven months of the year, 28,500 flats were sold across the country — 3 per cent more than in the same period of 2025, and 20 per cent more than in 2024. However, buyers often complete transactions outside the country’s two largest cities, reports Expats.

In Prague, a square metre of flat space in an older building cost an average of around €6,100 in July. Over the course of the year, the price has risen by approximately €520. As a result, even a 50-square-metre flat costs around €304,000.

In Brno, a square metre of second-hand property costs around €4,800 — roughly €400 more than a year earlier. Outside these two cities, the average price is around €2,500 per square metre.

The difference in prices is also reflected in sales figures. In Prague, the same number of flats were sold in the first seven months of the year as in the corresponding period last year. In Brno, the number of transactions fell by 11 per cent. Outside the two largest cities, however, sales rose by 5 per cent.

High property prices in Prague are forcing buyers to opt for smaller flats. Studios and small flats remain in high demand here, with young people and investors purchasing them to let out. Many families can no longer afford spacious accommodation.

According to analysts at Century 21 and Maxima Reality, investors’ preferences are also changing. As studio flats become more expensive, they are opting for more spacious flats, where the price per square metre may be lower and it is easier to negotiate a discount with the seller. The price quoted in the advert often differs from the amount for which the flat is ultimately sold. Outside Prague, owners frequently offer buyers a discount of €8,000–12,000 to close the deal.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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