Data from Flat Zone for February 2025 shows an increase in the average price of new Prague flats on first sale in 1Q/2025 to CZK 158.3 thousand. CZK, which is 2% higher compared to the previous quarter. In 2024, the prices of these new flats on first sale fell by 0.1% yoy. Compared to the beginning of this time series of Flat Zone, i.e. vs. 1Q/2023, the prices of these Prague apartments in first sale increased by 1.1%, i.e. by approximately 2 thousand EUR. CZK.
Methodologically different CSO data shows a 5.4% increase in Prague's first-sale prices of new apartments compared to Q1/2023 (Flat Zone data showed a 0.9% decrease in their prices during this period). This resulted in realised prices of new apartments in Prague rising by 7.6% y/y in 4Q/2024, while realised prices of older apartments rose by 12.1%. \According to the CSO data, prices of new flats reached 1.5 times higher than in 4Q/2019 and 2.4 times higher than in 4Q/2013. These multiples of realized prices of older apartments in Prague reached 1.6 and 2.5 respectively. \The CSO data shows that in the past year 2024, Prague saw an average change in realised prices of new apartments through first sales of 1.8% yoy (after -5.5% in the previous year) and 8.4% yoy in the case of realised prices of older apartments (after -2.6%).

CZSO

Realized prices. New apartments - these are the first sales.
In the case of Flat Zone's data, these are transaction prices for first sales of new flats in the (developer-client) relationship at the time of sale.
In the case of CSO data, it is a weighted average of partial results for Prague.
Therefore, the methodology of the data differs, which causes differences in the dynamics and level of the time series, especially in the short term.

Real estate prices

Quarterly

Development of real estate offer prices
Development of realised prices of older flats