Can the new government build enough to contain Prague's soaring prices?

The capital’s market is at a breaking point: record sales, CZK 12 million average prices, and a dysfunctional approval process cripple supply.

Thomas Smith

Written by Thomas Smith Published on 04.11.2025 16:38:00 (updated on 04.11.2025) Reading time: 2 minutes

Housing Business & Money
Photo: Shutterstock by Tatiana Diuvbanova
Photo: Shutterstock by Tatiana Diuvbanova

Prague’s housing market is at breaking point. Homes are selling at a record pace, prices keep rising and are at the highest levels ever, and supply remains stuck. 

With the average price for a new 70-square-meter apartment in the capital now almost CZK 12 million, Czechia’s incoming ANO-led government has pledged to increase housing affordability and accessibility in Prague. 

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But with demand at levels never before seen, could ANO’s plans possibly build new apartments fast enough to keep up? Or could the dream of owning a home slip even further out of reach for Prague residents?

#apartment prices #cost of living #home ownership #Housing #mortgages #real estate #rent
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