ISG - Prague Real Estate

In this video, we take a look at how the Czech property market performed in June. Sorry for the late post, soon we will do the July review!

• Prague property prices rose by 0.4%, marking the fourth consecutive month of modest growth.
• National average prices declined slightly by 0.2%, with cities like Brno and Ostrava continuing to edge higher while other regions soften.
• Rental prices in Prague increased by 0.9% but still remain about 4% below the peak earlier this year.
• Mortgage interest rates stayed stable at 4.94%, but application volumes are now back to 2021 levels.
• Across the EU, Czechia saw one of the strongest performances in annual house price growth at 9.9%, compared to the EU average of 5.7%.

While activity remains strong in major cities, we’re seeing more divergence across the country. Rental market trends will become clearer after the summer.

Thanks for watching, and see you again next month.