Real Estate - Czechia

  • Czechia
  • The Real Estate market market in Czechia is expected to reach a value of US$2.01tn in 2025.
  • The residential segment dominates this market, with a projected market volume of US$1.61tn in the same year.
  • Furthermore, it is anticipated that the market will experience an annual growth rate of 5.07% from 2025 to 2029, resulting in a market volume of US$2.45tn by 2029.
  • When compared globally, it is worth noting that 0 is projected to generate the highest value in the Real Estate market sector, amounting to 0 in 2025.
  • The real estate market in Czechia is experiencing a surge in demand for residential properties due to the country's strong economic growth and favorable investment climate.

Key regions: United States, China, Japan, Germany, United Kingdom

Market
Region
Region comparison
Currency

Value

Please wait

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jul 2024

Source: Statista Market Insights

Please wait

Notes: Please note that this chart only covers the residential real estate market. Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jul 2024

Source: Statista Market Insights

Finance

Access more Market Insights on finance topics with our featured report

This report presents a comprehensive analysis and additional information on the Real Estate market, in a PDF format.
Commercial Real Estate: market data & analysis  - Background Commercial Real Estate: market data & analysis  - Cover

Value Split

Please wait

Most recent update: Jul 2024

Source: Statista Market Insights

Volume

Please wait

Notes: Please note that this chart only covers the residential real estate market.

Most recent update: Jul 2024

Source: Statista Market Insights

Analyst Opinion

The Real Estate market in Czechia is experiencing significant growth and development.

Customer preferences:
Customers in Czechia are increasingly interested in investing in real estate properties. This can be attributed to several factors, including the stability of the market and the potential for high returns on investment. Additionally, there is a growing trend of individuals and families looking to own their own homes, rather than renting. This shift in customer preferences is driving the demand for residential properties in Czechia.

Trends in the market:
One of the key trends in the Czech real estate market is the increasing demand for residential properties, particularly in urban areas. This can be attributed to the growing population and the influx of people moving to cities for better job opportunities. As a result, there is a shortage of affordable housing options, leading to a rise in property prices. Another trend in the market is the growing interest in commercial real estate, especially in the retail and office sectors. Czechia is experiencing a boom in tourism and a thriving business environment, attracting both local and international companies. This has led to an increased demand for office spaces and retail properties, driving up rental prices and property values.

Local special circumstances:
One of the unique aspects of the Czech real estate market is the presence of historical buildings and architecture. Czechia is known for its rich history and cultural heritage, and many investors are attracted to the opportunity to own a piece of this history. This has led to a niche market for historical properties, which often come with their own set of challenges and regulations.

Underlying macroeconomic factors:
The growth and development of the real estate market in Czechia can be attributed to several macroeconomic factors. Firstly, the country has a stable economy with a low unemployment rate and a high GDP growth rate. This creates a favorable environment for investment and encourages individuals and businesses to invest in real estate. Additionally, low interest rates and favorable mortgage conditions make it easier for individuals to purchase properties. This has further fueled the demand for residential properties, as more people are able to afford homeownership. Furthermore, the government has implemented policies and incentives to attract foreign investors to the real estate market. This has led to an increase in foreign investment in properties, particularly in the luxury segment. In conclusion, the Real Estate market in Czechia is experiencing significant growth and development, driven by customer preferences for residential and commercial properties, as well as the presence of historical buildings. The underlying macroeconomic factors, such as a stable economy and favorable mortgage conditions, are also contributing to the growth of the market.

Transaction Value

Please wait

Notes: Please note that this chart only covers residential real estate sales. Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jul 2024

Source: Statista Market Insights

Methodology

Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

Please wait

Source: Please wait

Explore more high-quality data on related topic

Discover additional markets

Explore new markets and gain valuable insights into various topics with our Market Insights search function.

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)