Residential real estate prices in the Czech Republic rose by 10.06% year-over-year in the first quarter of 2026; adjusted for inflation, real growth stood at 8.33%, marking the highest rate since the 2021 housing boom, according to data from the Czech Statistical Office analyzed by Global Property Guide.
According to data from Ukraine’s largest international real estate agency, Homium, the nominal value of residential real estate in the Czech Republic has more than doubled over the past 11 years and is now 18% higher than the previous cyclical peak in the third quarter of 2022.
At the same time, the growth rates of the primary and secondary markets have virtually evened out. New housing prices rose by 10.01% over the year, while existing housing prices increased by 10.07%.
According to Homium, a company that deals in Czech real estate among other markets, price growth is being driven by a combination of limited supply of new housing and a recovery in mortgage demand. The company is also seeing particularly high interest in Prague and Brno, where the supply shortage is most pronounced.
“The Czech market is currently interesting because, following the 2022–2023 correction, it returned to growth fairly quickly. At the same time, buyers are becoming more price-sensitive, so demand is gradually shifting toward small apartments in Prague, outlying areas, and resale properties. For investment buyers, not only the potential appreciation of a property but also its liquidity in the rental market is becoming increasingly important,” Homium commented on the situation.
According to Homium, in May–June 2026, studio apartments and 1+kk apartments in central Prague were listed for approximately 248–414 thousand euros, in the capital’s outskirts for 186–269 thousand euros, and in Brno for 145–207 thousand euros. For 2+kk apartments, the price range was 331,000–580,000 euros, 248,000–373,000 euros, and 207,000–331,000 euros, respectively.
Prague remains the country’s most expensive market. According to data from the Global Property Guide, the average price of an apartment in the capital in 2025 was approximately 5,44 thousand euros per square meter, which was about 82% higher than the Czech average of approximately 3 thousand euros per square meter. In the Prague new-construction market, the average asking price reached about 7,310 euros per square meter, and in the most expensive district, Praha 1, it was about 10,850 euros per square meter.
Older residential properties remain more affordable. The average price of apartments in prefabricated buildings is estimated at approximately 2,94 thousand euros per square meter, while new housing from developers costs on average nearly twice as much—about 5,8 thousand euros per square meter.
Rapid price growth has already become a factor in the country’s monetary policy. On June 18, 2026, the Czech National Bank raised its key two-week repo rate by 0.25 percentage points to 3.75%. The regulator points to persistent inflationary pressures, including those stemming from housing and service costs.
In addition, in June, the CNB decided to increase the countercyclical capital buffer for banks from 1.25% to 1.5% starting in July 2027, citing active lending, rising household and corporate debt, and further increases in apartment prices as reasons for the decision.
The average gross yield on long-term residential leases in the Czech Republic in the second quarter of 2026 was 3.39% per annum. In the most expensive district, Prague 1, yields on individual apartments ranged from approximately 2.3% to 3.3%, while in more affordable areas of Prague, they could approach 4%.
Homium believes that, in the medium term, the main market drivers will remain limited construction rates, the cost of mortgage financing, and sustained demand for housing in major cities. At the same time, following the sharp growth of recent quarters, investors should evaluate the yield of a specific property more carefully, as purchase prices in Prague are rising faster than potential rental yields.
Homium has been operating in the international real estate market for over 10 years and offers properties in the Czech Republic, Spain, Turkey, Greece, Montenegro, Bulgaria, Croatia, Poland, and several other countries. In the Czech Republic, the majority of the properties listed by the company are concentrated in Prague and Karlovy Vary.
The primary source of price statistics is the Czech Statistical Office; the market analysis was published by Global Property Guide and updated in August 2026.
Source:
Global Property Guide – https://www.globalpropertyguide.com/europe/czech-republic/price-history
Homium – https://homium.ua/czech-republic/
CZECH REPUBLIC, housing. Homium, INVESTMENT, PRAGUE, REAL ESTATE
The Ukrainian grocery chain Best Market is opening its first store in Prague, continuing its expansion into the European market following the chain’s growth in Poland, according to Czechia Online.
The grand opening of the store is scheduled for June 6. Best Market’s first store in the Czech Republic will be located in Prague 4 on Budějovická Street. According to the publication, the chain is focusing on traditional Ukrainian and Eastern European products: meat products, specialty sausages, smoked and dried fish, pickles, dairy products, and sweets.
Best Market began operations in 2019 with a single store in Kraków, Poland. Over the past few years, the chain has grown to three dozen stores in Poland, targeting both Ukrainian immigrants and local shoppers interested in Eastern European cuisine.
The expansion into the Czech Republic reflects a broader trend in the development of Ukrainian small and medium-sized businesses in Central European countries. After the outbreak of full-scale war, a significant number of Ukrainian entrepreneurs began developing services, retail projects, cafes, stores, and logistics solutions in countries with large Ukrainian communities, primarily in Poland, the Czech Republic, Germany, and Slovakia.
The Czech Republic has become one of the largest centers of Ukrainian migration within the EU. This creates steady demand for familiar food products, culinary concepts, and services tailored to Ukrainians. At the same time, such stores are gradually expanding beyond an exclusively immigrant audience: Eastern European products are becoming appealing to local shoppers as well, especially in major cities.
For Prague, the opening of Best Market means increased competition in the niche of specialty food retail. International and ethnic stores are already operating in the Czech capital, but Ukrainian chains can compete thanks to their recognizable product range, direct work with suppliers, ready-to-eat products, and focus on shoppers seeking regional flavors.
On opening day, the store management plans to host tastings, children’s activities, and meetings with special guests. The first customers are promised gifts, which should help the chain draw attention to the new format in the competitive Prague market.
The development of such projects shows that Ukrainian business in Europe is gradually shifting from adaptation to scaling up. For retailers working with Ukrainian and Eastern European products, the key markets remain countries with a large Ukrainian diaspora, developed logistics, and high demand for a specialized product range.
Best Market is a Ukrainian grocery chain that began operations in Poland in 2019.
The rental market in Prague in 2025 remains one of the most dynamic in Central Europe. Demand exceeds supply, especially in the central districts of the city — Prague 1, Prague 2, and Prague 3, which traditionally attract both locals and foreigners, according to analysts at Relocation.com.ua, citing data from Global Property Guide and the Czech Statistical Office.
The average asking rent for a one-bedroom apartment in Prague in 2025 is around CZK 26,500 (≈ €1,050) per month. This is 8-10% higher than in 2024, when the average was around CZK 24,000.
Two-bedroom apartments in central areas (Prague 1, 2, 5) cost between €1,300 and €1,900 per month, while in residential areas such as Prague 9 or Prague 10, rents for similar accommodation range from €850 to €1,200.
According to the Sreality.cz portal, during the first half of 2025, the average rent in the capital rose by 5.7%, and compared to 2023, by more than 15%. The main drivers are the rising cost of new construction, high mortgage interest rates (which keep people in the rental market), and a steady influx of foreign workers.
The share of renters in Prague continues to grow and already exceeds 25% of households, which is the highest figure in the Czech Republic. Young professionals under the age of 35 account for more than half of all renters, while among foreigners, the most active groups are Ukrainians, Slovaks, Indians, and EU citizens.
The profitability of renting in Prague remains attractive to investors: according to Global Property Guide estimates, the average gross yield ranges from 4.8% to 5.4%, depending on the area and type of property.
Among the trends for 2025 is increased discussion around the regulation of short-term rentals (Airbnb): the municipality is considering options for limiting the duration of apartment rentals in tourist areas in order to balance the interests of local residents and the tourism business.
Experts predict that the housing shortage and growth in rental demand will keep the market buoyant until at least mid-2026. New construction in the center remains limited, with most growth in supply expected on the outskirts of the city, particularly in Prague 9, 10, and 13.
Source: http://relocation.com.ua/prague-rental-housing-market-analysis-by-relocation/
Join UP!, one of the leaders of the Ukrainian travel market, is opening a company in the Czech Republic, with an office in Prague, the company’s press service toldInterfax-Ukraine.
“Entering the Czech market is an important stage in the brand’s development. Although this is the ninth country where we have started working since the creation of Join UP! tour operator in 2010 in Ukraine, this story is not only about growth for us. Scaling the Join UP! travel experience to other markets also reflects our commitment to transforming the travel industry and encouraging people to travel, because we sincerely believe that travel is not just entertainment, but also a way to take care of yourself and your loved ones, to live every day of your life to the fullest, despite all the challenges of recent years,” comments Alina Alba, co-founder of Join UP! Alina Alba, co-founder of Join UP!
It is reported that the new tour operator will soon present a summer selection of its top destinations to the Czech market. Among them are direct flights from Prague to Sharm el-Sheikh in Egypt, as well as to the Mediterranean resorts of Greece, Turkey, and Cyprus. It is also noted that from Katowice, Poland, the tour operator offers flights to Egypt, the Dominican Republic, Greece, Turkey, Tunisia, Bulgaria, Spain, Montenegro, and Cyprus. Such a flight program opens up additional opportunities for our compatriots to spend their holidays in the Czech Republic. In particular, from Ostrava, where there are many Ukrainians, it is an hour’s drive to Katowice, Poland, which is almost four times closer than Prague.
The Join UP! brand is developing on the principle of localism by combining a global strategy with the local cultural context. The brand’s international expansion already covers 8 markets: the Baltic States, Kazakhstan, Moldova, Poland, Romania, and the Czech Republic. Preparations for the launch in Slovakia and Hungary are nearing completion.
Also in Poland, in Katowice, in 2024, the brand opened the first franchise agency on the international market.
Join UP! LLC was established in 2013, with an authorized capital of UAH 72 million 671 thousand. The ultimate beneficiaries are Yuriy and Oleksandr Alba. In 2023, revenue increased to UAH 16 million 639 thousand, which is 2.3 times higher than in 2022.
Czech railroad operator RegioJet has made its first flight on the Prague-Chop route. The night train from Prague with 120 passengers arrived at the Chop station on schedule at 10:35 Kyiv time, the press service of the railway operator reported on Thursday.
As reported, starting March 27, RegioJet is launching a second line to Ukraine via Slovakia to Chop in addition to the existing one via Poland’s Przemysl. The flight has three cars with 140 seats, which follow the Prague-Kosice train. Ticket prices range from EUR18.9 to EUR67.9 including meals.
The night train Prague – Chop departs from Prague (Czech Republic) at 21:52, from Košice (Slovakia) at 06:38 in the morning and arrives in Chop at 10:35. In the opposite direction, departure from Chop is at 17:35, from Kosice at 21:37, arriving in Prague at 05:46 the next day.
JSC “Ukrzaliznytsia” launches a special connecting train No. 345/346 Chernivtsi – Chop – Uzhhorod, which will connect with the new international route Prague – Chop.
The connecting train No. 346 Chernivtsi – Chop – Uzhhorod will depart from Chernivtsi daily at 05:30, go through Ivano-Frankivsk (08:13-08:27), Stryi (11:20-11:50), Mukachevo (15:13-15:18), Chop (16:28-16:57), and arrive in Uzhhorod at 17:20. In the opposite direction, departure from Uzhhorod is at 11:05, followed by Chop (11:28-12:03), Mukachevo (13:00-13:10), Stryi (16:15-16:40), Ivano-Frankivsk (19:22-19:27), arriving in Chernivtsi at 21:32.
Train stops are provided at the stations Batyovo, Karpaty, Svalyava, Volovets, Slavske, Skole, Morshyn, Bolekhiv, Dolyna, Rozhnyativ, Kalush, Ivano-Frankivsk, Kolomyia.
The mayors of Warsaw, Prague, Budapest and Bratislava are visiting Kiev, the Polish TV channel Polsat News has reported.
Details of the mayors’ visit to the Ukrainian capital are not yet known.
According to media reports, this is the first visit of Warsaw Mayor Rafal Trzaskowski to Kiev after the war started.
On February 15, 2022, Trzaskowski, accompanied by Prague mayor Zdenek Grzyb on behalf of the Pact of Free Cities went to meet with Kiev mayor Vitaliy Klitschko.
