Rents at the end of the third quarter in flats in Prague and regional cities rose by an average of 3.8 percent quarter on quarter to CZK 247 per square meter per month. The most expensive was Prague with CZK 293, the cheapest was Ústí nad Labem with an average rent of CZK 175 per square meter. This follows from the data of the consulting company Deloitte, which collects data from real estate portals for the calculation.
Behind Prague, the highest rents were in Brno (CZK 278 per square meter), Zlín (CZK 242) and Hradec Králové (CZK 231). On the other hand, Ostrava (CZK 176), Karlovy Vary (CZK 178) and České Budějovice (CZK 205) were the cheapest after Ústí nad Labem. Deloitte monitors the prices of flats sold in regional cities. In the Central Bohemian Region, which does not have its regional seat, it is based on the average for Benešov, Beroun, Kladno, Mladá Boleslav and the districts of Prague-East and Prague-West.
Rents increased quarter on quarter in all monitored localities with the exception of Jihlava. It rose the most in Brno, by nine percent, then in Hradec Králové (by 6.5 percent) and in Zlín (by 6.1 percent). It increased the least in Jihlava (stagnation), Ústí nad Labem (growth by 0.6 percent) and in the Central Bohemian Region (by 0.9 percent).
A comparison of the data for the third quarter with the data resulting from the Rent Index Q4 2020 for the third quarter of 2020 shows that rents in the Czech Republic increased by an average of 0.8 percent year on year. The largest year-on-year increases were in Jihlava (by 11.9 percent), Liberec (by 9.3 percent) and Zlín (by 6.6 percent). On the contrary, it decreased on average in Prague (by 2.3 percent) and in Karlovy Vary (by 0.6 percent).
Dwellings in brick houses in the third quarter accounted for 71.1 percent of leases. Prefabricated houses accounted for 13.4 percent, and flats in new development projects for 15.5 percent.
Rents in the third quarter of the quarter grew in all parts of Prague. Most in Prague 2 (by 9.3 percent), in Prague 5 (by 7.2 percent) and in Prague 1 (by 6.3 percent). But year-on-year rents fell in almost all of Prague, by an average of 2.3 percent. It fell the most by 5.9 percent in Prague 10 and 3.9 percent in Prague 9. In contrast, in Prague 1 it increased by 5.9 percent year on year.
Source: Deloitte and CTK
