Prague Residential Market H2 2025: Sales Reach Record While Prices Continue to Rise
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Prague’s residential market remained highly active in H2 2025. A total of 3,630 apartments were sold, while 2,830 units were completed and 5,920 apartments commenced construction across 44 projects. The number of apartments under construction reached a record 20,260 units, while the average net asking price rose to 149,200 CZK/sqm, reflecting continued strong demand in the market.
Strong construction activity and record development pipeline
Construction activity remained robust during the second half of the year. The 5,920 units launched for construction represented the strongest half-year in the history of Prague’s residential market, marking a 16% bi-annual increase. Meanwhile, 2,830 apartments across 31 projects were completed, a 27% increase compared to H1 2025.
Despite the stronger second half, total completions for the year reached 5,050 apartments, the lowest annual supply since 2021, reflecting limited commencement activity two years earlier. By the end of H2 2025, the construction pipeline expanded to 20,260 apartments, nearly 7,000 more units than a year earlier.
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Strong demand throughout the year
Demand for new apartments remained very strong in 2025. Approximately 3,630 apartments were sold in the second half of the year, bringing the total sales volume for the full year to 8,380 units. This represents a 14% y/y increase and a new record for the Prague market.
Prague 9 remained the most active district, with more than 1,030 apartments sold during the monitored period. The demand structure continued to be dominated by smaller units, with 1+kk and 2+kk layouts accounting for 69% of all sold apartments. At the same time, the number of apartments available in developers’ projects declined by 15% to 5,560 units, reflecting a lower number of new projects launched for sale.
Price growth continued in the second half of the year
Prices continued to increase during the second half of the year. The average net asking price reached 149,200 CZK/sqm, representing a 2.7% q/q and 6.5% y/y increase.
The average net price of sold apartments reached 141,300 CZK/sqm, showing a 5.4% increase compared with H1 2025 and an 8.7% y/y rise. The largest share of apartments available on the market was priced between 120,000 CZK and 139,999 CZK per sqm, accounting for 33% of the total supply.
Outlook: gradual improvement in supply
The large construction pipeline indicates a gradual improvement in market supply. Approximately 16% of apartments currently under construction are scheduled for completion in H1 2026, which may result in slightly higher delivery volumes compared with previous periods.
Strong demand and expanding activity in the rental housing segment will remain key factors shaping the development of the Prague residential market in the coming periods.
Head of Research
