The median price of older apartments in Czechia reached a record CZK 4.3 million in July, while Prague averaged CZK 152,430 per square meter, according to Expats.cz.
Prices for older apartments in Czechia have reached a record high as demand for previously owned homes stays strong, according to Expats.cz, citing an analysis of Land Registry data by the real estate agency Maxima Reality. The nationwide median sale price hit CZK 4.3 million in July, the highest level recorded so far. In the first seven months of 2026, 28,571 older apartments changed hands, 3 percent more than a year earlier and 20 percent more than in the same period of 2024. Prague saw particularly sharp growth: older apartments sold for an average of CZK 152,430 per square meter in July, about CZK 13,000 more than a year before. At that average, a 50-square-meter apartment would cost roughly CZK 7.6 million. In Brno the average reached CZK 119,794 per square meter, around CZK 10,000 higher year on year, while across the rest of Czechia older apartments averaged CZK 62,467 per square meter. Sales activity is uneven. The number of Prague transactions in the first seven months was roughly unchanged from last year, and Brno recorded an 11 percent decline. Outside the two largest cities, sales rose 5 percent year on year and were almost a quarter higher than in 2024. Maxima Reality's Jakub Šolar said demand from both homebuyers and investors has remained strong over the past two years, though larger Prague apartments are increasingly reaching the limits of buyers' affordability, while studios and small units stay popular thanks to lower purchase prices and interest from rental investors. There are signs of growing price sensitivity. Century 21 expects demand for investment studios to weaken as prices rise and financing becomes harder, with some investors looking at larger properties with a lower price per square meter. Šolar said the gap between asking and final sale prices is widening, and Century 21 reported cases outside Prague where sellers cut prices by CZK 200,000 to CZK 300,000. Both analyses still point to continued strong demand in Prague.