Changes in Czech Real Estate Prices From 2006 - 2014

Prices of Czech properties and apartments are based on prices according to Czech tax returns.

The Czech National Bank (CNB) regularly publishes a quarterly Czech property price index (sales prices according to tax returns) in its financial stability report.

The report includes four types of residential properties:

• 1. Private homes

  2. Apartments

  3. Apartment buildings

  4. Land for construction

The graph summarizing the data shows a massive rise in Czech real estate prices from 2006 to 2008, however the global economic crisis resulted in a dramatic drop in housing prices. This drop continued until the major recession in real estate prices in 2010. This was followed by a gradual stable rise in Czech real estate prices. This trend is continuing at present and will probably persist over the next few years as well. More about predicted prices for 2015 and subsequently in this article (In Hebrew).

Percentage of change versus previous year