Deloitte, which together with PwC, KPMG and E&Y makes up the so-called “Big Four”, regularly publishes the data it collects on rents in the Czech Republic as part of an indicator known as the Deloitte Rent Index. It aggregates data on completed transactions taken directly from property portals. Rental housing in the Czech Republic continues to get more expensive: compared with the last quarter of 2024, nationwide growth reached 2.3%. The average rent now paid per square metre of an apartment stands at 316 Kč a month. If you want to learn more about year-on-year changes, which are more resistant to seasonal swings and statistical error, be sure to go through our article from the beginning of January this year in detail.
Big differences within Prague
Readers of the FLAT SERVICE Advisor will no doubt be most interested in the data from Prague. It will hardly surprise anyone that the capital is the location with the highest average price in the country, at 438 Kč per square metre a month. Rents in the capital grew on average by 3.1% between quarters, yet there are truly noticeable differences between individual city districts. While Prague 10 saw growth of 5.8% and Prague 9 as much as 6.5%, in the very centre of the capital, in Prague 1, prices actually fell by 1.1%. They remained unchanged in Prague 5, for example, where you will find both prime apartments around Anděl and in Košíře and properties in brick and prefab buildings in the so-called Western City. In other words, a truly wide range of apartments of all sizes and categories.
Where did rents grow the most in the country? The answer may be unexpected – you will find out in a moment.
While rents in new developer projects essentially stagnated (growth of 1.5%), prefab buildings are once again enjoying an unprecedented boom, with rents there rising by 5.9% since the last quarter to 398 Kč per square metre. In particular, young couples, groups of students and “singles” simply can no longer afford to live in the wider city centre, and so they are increasingly looking at apartments on the housing-estate outskirts. This too is a change of sorts – until now, the trend of cutting back mainly meant that people looked for smaller or less well-equipped apartments. And tried to save on energy.
Sought-after housing beneath Ještěd
How are the regions doing? The past quarter brought an almost dramatic rise in the Liberec Region, where rents grew by 7.6% to 283 Kč per square metre; hot on its heels is the Karlovy Vary Region with growth of 5.8%. Most regions practically mirror the nationwide figures (including the Central Bohemian Region), the exception being a kind of belt between Bohemia and Moravia. It stretches from the Hradec Králové Region through the Pardubice Region and continues on into the Olomouc Region and the Zlín area. In both East Bohemian regional capitals and their surroundings, rents fell between quarters, in both cases by 1.4%. If you own an investment apartment and do not want to – or cannot – keep track of the constant changes in rent levels, do not despair. That is exactly what the services of a professional property manager are for: someone who will always offer your apartment at the highest possible market price and find a decent tenant who pays on time. Try the FLAT SERVICE Partner or Garant services – simply call +420 277 000 330 or send an e-mail to info@flatservice.cz.
