Apartments in Prague Are Disappearing from Listings at a Record Pace – 2025 Could Rewrite Market History
- Jan Halik
- 2 days ago
- 3 min read
In just nine months of this year, more than 6,000 new apartments were sold in Prague – a 12% increase year on year.Apartments in Prague are disappearing from listings at a record pace – despite limited supply and steadily rising prices, demand for housing in the Czech capital remains exceptionally strong.
Developers expect total sales to exceed 7,500 apartments by the end of 2025, setting a new all-time record on the Prague new-build market.
🏠 What’s Driving the Rising Demand
According to Marcel Soural of Trigema, the current boom is driven by a mix of three key factors:
falling mortgage interest rates,
new and attractive residential districts emerging across Prague,
and the return of postponed demand from previous years.
Buyers are also aware that Prague apartment prices are rising faster than mortgage affordability, which motivates them to act now.The largest share of sales remains in Prague 9, accounting for nearly a third of all new apartment transactions.
📈 Apartment Prices Hit Historic Highs
Recent data show that the average price of a new apartment in Prague has reached CZK 168,785 per m², up by almost 11% year on year. This rise is driven by more expensive materials, land, and labor – but the main cause remains the persistent shortage of new housing projects.
As Petr Michálek from Skanska Residential points out:
“The biggest issue is the inefficient and slow approval process for new developments. Without reform, there’s no reason to expect prices to go down.”
🏗️ Supply Stagnates, Bureaucracy Slows the Market – Apartments in Prague Are Disappearing from Listings at a Record Pace
While demand keeps rising, the number of available apartments has remained almost unchanged for three years.By the end of September, there were only about 5,700 new flats on the Prague market – 50 fewer than a year earlier.
At the same time, roughly 150,000 new units are being prepared across the city, but due to complex and lengthy permitting processes, they’re not reaching the market in time.In August, for example, the Czech Statistical Office recorded only 27 approved apartments – housing for just about 50 people in the entire capital.
⚖️ The Path Toward More Affordable Housing
According to Dušan Kunovský from Central Group, the solution lies in simplifying and speeding up construction permits:
“Because of the inefficient approval process, new apartments in Prague are at least 20% more expensive than they should be. Reform would benefit the state, developers, and ordinary people alike.”
Faster permitting and more practical building regulations could bring more projects to market and help slow down price growth in the long term.
🔍 Summary: A Record Year for Prague Housing
The year 2025 could be a turning point for the Prague real estate market:
record number of new apartments sold,
record-high prices,
and stagnant supply.
Apartments in Prague are disappearing from listings at a record pace, and this trend is unlikely to reverse anytime soon.While demand continues to grow, the path toward truly affordable housing remains complicated.
Jan Halík
Real Estate Agent
📞 +420 603 377 791
RE/MAX Atrium
Podolská 811/138
140 00 Praha 4 – Podolí