Prices of flats in the Czech Republic peaked on a quarterly basis at CZK 79,000 per square meter at the beginning of Q2 2022 – and they’ve been falling ever since. As of Q4, they’d dropped 19% to CZK 64,000 / sqm. The numbers are those of Iztok Toplak, whose raw data comes from reservation contracts for existing apartments concluded nationwide through his real estate agency RE/MAX G8.
Neighborhoods in Prague’s wider center are not immune from the trend. “The highest median price per square meter was CZK 144,000 in the second quarter,” says Toplak . . .
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