The Czech real estate market is gearing up for a significant expansion in 2025, with thousands of new apartments slated to enter the market in major cities. However, prospective buyers should brace themselves for higher prices despite the increased supply.
According to Josef Lebeda from Resimo, a new construction property service, this year will see the launch of numerous large-scale projects. Prague and Brno are at the forefront of this development wave, with several major projects in the pipeline. For instance, Ekospol plans to offer 250 new units across two projects, while Vision Karlín by Sekyra Group will bring over 100 apartments to Prague’s market.
The market’s revival has been remarkable, with banks lending 305 billion Czech crowns for housing last year – marking the third strongest year in the past 15 years. Experts project a further 15% market growth this year.
However, the increased supply won’t translate to lower prices. Market experts unanimously predict a 5-10% price increase by year-end. In practical terms, this means a typical 70-square-meter apartment in Prague could cost an additional 560,000 crowns, reaching approximately 11.8 million crowns. In Brno, similar properties could see a 460,000 crown increase, pushing prices to around 9.8 million.
Despite the current construction boom, developers warn this surge might be temporary. “This is merely delayed supply from the past two years, which will soon be exhausted,” notes Dušan Kunovský, owner of Central Group.