Construction of an apartment building, apartments, mortgage – illustrative photo.
Prague – The number of apartments sold in the Czech Republic fell by more than half last year. A survey by the Czech Banking Association (ČBA) in cooperation with Dataligence, a database of real estate information in the Czech Republic, published at today's press conference showed that sales of older apartments fell by 51 percent, family houses by 49 percent and new apartments by 57 percent. This is the lowest number of sales in ten years.
In the analysis for last year, data on all realized sales from the entire Czech Republic, from large and smaller cities and rural areas, was evaluated. In total, there were more than 61,000 actual market transactions for older apartments and family houses that were registered in the land registry in 2022, and more than eight thousand new apartments sold by developers in 2022.
Average sales prices of new buildings increased by 11 percent last year, in the Czech Republic to an average of more than 120,000 crowns per square meter, and in Prague by ten percent to 151,643 CZK per m2. The average price in the regions increased by 14 percent to 100,643 crowns per square meter.