The institutional rental housing market in Prague continues to expand. Around 4,000 apartments are currently operational in BTR projects, while almost 2,400 additional units are under construction. Average asking rents in Prague BTR projects reached CZK 615 per sq m per month.

BTR market at a glance

Source: Knight Frank Research, Flatzone.
 

More than 1,000 new rental apartments expected

Average asking rents in Prague BTR projects increased by 2.5% over the past six months and by 1.5% year on year. By comparison, asking rents in the conventional private rental market stand at CZK 499 per sq m per month, 19% below BTR levels.
 

More than 1,000 rental apartments are expected to enter the market over the next six months. The largest shares of BTR units currently under construction are located in Prague 5 (26%) and Prague 9 (25%),

Residential investment activity strengthens

Residential investment volume exceeded €455 million in Q1–Q3 2026, making residential the second most actively traded real estate asset class after offices. Prime residential yields compressed by 50 basis points during the year to 4.00%.

Based on transactions currently under negotiation, Knight Frank Research expects yields to compress slightly further.
 

Download the full BTR report

For more detailed data on institutional rental housing in Prague and Brno, including rental levels, the development pipeline and investment activity, explore the latest Knight Frank Research report.