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| Prefab houses are an investment hit in the Czech Republic, they are becoming more expensive than new buildings |
| Prag, 02.03.2026 |
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| There is no more attractive product on the Czech real estate market at this time than panel apartments. Their prices grew faster last year than in the case of new buildings and older brick apartments. Moreover, the price increase could continue this year. Until recently, depreciated panel houses began to attract smaller investors in large numbers, for whom they are a more affordable alternative to evaluate their savings. The server novinky.cz reported this.
According to data from the analytical company Flat Zone, the price of an average panel apartment increased last year by approximately one fifth to 70,987 CZK (2,927.78 euros) per square meter (m2). A model apartment in a housing estate with an area of 70 m2 cost approximately 5 million CZK. However, prices can vary significantly, depending on the location. For example, in Prague they are offered for approximately 9 million CZK.
Just a few years ago, experts were at a loss about panel houses. Those interested in owning their own homes preferred more modern new apartments or built their own family houses. However, due to the sharp rise in prices in recent years, their preferences have changed. Prefab houses attract them mainly due to their lower price.
They have also attracted smaller investors. Buyers see them as an alternative that they can afford. "Czech society has focused on investing in real estate in the last five years," Milan Roček, managing director of Flat Zone, told Novinky. "And the most affordable ones are prefab houses," he added.
It is currently possible to appreciate money faster in prefab houses than in other types of real estate. For example, new buildings became more expensive last year by 9%. Brand-new apartments, i.e. newer ones that already had at least one owner, by 13%. Older brick ones then by 12%. In absolute terms, the price of apartments in prefab houses even increased by the same amount as in the case of new buildings, i.e. by approximately CZK 11,500. The value of new apartments is double.
“The growth of prices on the secondary market will not stop this year either,” said Jakub Šolar, sales director of the real estate agency Maxima Reality. However, he added that the price increase could slow down. “The pace of growth in real estate prices has long exceeded wage growth, which will probably lead to a slight weakening of demand,” he said.
However, according to Roček, buyers do not evaluate the risk rationally when it comes to panel apartments. “The growth in prices of panel apartments does not correspond to their quality,” he said. For example, they do not have technologies that help save energy. Demand for them may therefore fall again in the future.
(1 EUR = 24.246 CZK) |
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