Building plots have slowed down. Time is now working against sellers.
- Jan Halik
- 6 hours ago
- 2 min read
There are segments of the real estate market where sentiment shifts almost overnight. Apartments are exactly like that today. They react quickly — to interest rates, to news, to emotion. And then there are building plots. A segment where things are not measured in weeks.Where decisions mature slowly.Where time is not counted by the number of viewings, but by patience. A plot of land is not just property.It is a commitment to the future. And that is precisely why it is being sold differently today than it was before.
⏳ The Seller’s Time vs. the Market’s Time
Just two years ago, selling a plot was a relatively swift exercise. On average, 78 days were enough and a new owner was found.
Today?
The average time on market has climbed to 179 days.
That is not a cosmetic change. It is more than double.
The shift is not only numerical. The mindset has changed. Buyers are no longer under pressure. They are not chasing the last available plot in the village. They compare, analyze, evaluate financing options and future construction costs.
And above all — they take their time.
📉 A Cooldown That Makes Sense
A plot of land has always been a bet on the future.
But the future is more expensive today than it was three years ago:
construction work has become more costly
material prices fluctuate
mortgages are no longer “at two percent”
permitting processes take longer
The result? Impulse purchases have disappeared.
Today, only what makes economic sense will sell.
🏙️ Two Cities, Two Stories
Regional differences are more pronounced than ever.
In Prague, the average asking price is around CZK 17,000 per square meter.
These are historically high levels. Yet a high price alone does not guarantee a fast sale. In Prague, details matter: accessibility, zoning regulations, infrastructure connections.
In Brno, prices hover around CZK 9,700 per square meter. Brno remains more affordable, but even here there is a noticeable cooling compared to the period of 2021–2022.
Growth has stalled. The market is no longer automatic.
📏 Size Matters More Than Ever
The data reveals an interesting shift.
The strongest demand is for plots up to 800 m². These consistently maintain prices above CZK 5,000 per square meter, even outside major cities.
Why?Because they reflect today’s financial reality. A smaller house means a smaller investment, a lower mortgage, and less pressure on household cash flow.
In contrast, large plots above 1,900 m² are averaging closer to CZK 1,700 per square meter.
A large plot is no longer an automatic premium. More often, it represents a financial commitment — and buyers think twice about that.
🧠 What Should We Take From This?
Plots are not dead. They are simply no longer hot.
A seller who sets the price according to the market peak will wait.A seller who works with reality will sell.
Today’s market rewards strategy.Not optimism.Not nostalgia for 2021.
And in many ways, that is a healthy development.
Source: https://www.valuo.cz
Jan Halík
Real Estate Agent
📞 +420 603 377 791
RE/MAX Atrium
Podolská 811/138
140 00 Praha 4 – Podolí
