Below we have prepared an up-to-date overview of the Prague residential market for Q2 and Q3 2023.

Summary of current data:

• Developer incentives have gotten the sales of new buildings moving. After more than a year, more new projects have appeared on the market.

• The correction of housing prices has apparently hit bottom. The asking prices, however, are still favourable for the buyer.

• The easing of CNB regulations stands behind up to a fifth of new mortgages.

• Institutional rental housing is stabilising the housing situation in the Czech Republic.

We hope you find the information in this report useful.

You can download the full report below.