Czech apartment listings hit six‑year high as sellers brace for price shifts

In June, the Czech Republic’s online property portal Sreality.cz recorded 6,128 apartments for sale – the highest number since November 2023. The surge was most pronounced in Prague and Brno, where listings reached a four‑year peak of about 1,600. Real‑estate agents say sellers are reacting to still‑elevated prices and expect a broader market correction. “Sellers realise that prices remain very high after a long period of growth and many want to take advantage of this,” said Jakub Žižka of RE/MAX Alfa. Despite the larger supply, experts note that prices are unlikely to fall soon; the Czech National Bank projects a return to long‑term price growth only in the second half of 2025.

At the same time, an extreme summer heatwave is shaping buyer preferences. South‑ or west‑facing apartments may see price reductions of 15‑20 % during the hottest months, according to Dominik Ženatý of Doma realitní makléři. Buyers are increasingly favouring north‑ or east‑oriented units and properties with terraces, balconies or loggias that provide natural cooling. “About a fifth of the price can be affected by orientation and external space,” noted František Brož of Bezrealitky.cz. Investors remain focused on acquisition price, location and yield, while large funds continue to buy entire new‑building blocks, adding further pressure to the market.