Czech Republic Residential market overheated in Prague

Residential

01 December 2022

Opr./edited by ANZ

The prices at Prague residential real estate market have hit a barrier for what is possible and reasonable to ask for a new flat

1 / 1

Colliers has summed up this year’s activity in the Czech residential real estate market. According to their analysis, Czechs are oriented largely towards an ownership model. The main driver for price increases is a significant excess of demand over supply.

The ratio of owner-occupied to rented apartments in Prague is approximately 70:30, comparable to the EU27 average. Still, the Czech Republic is somewhat behind more advanced markets in terms of market evolution towards new trends. However, with the shift to hybrid working, intense talent searches, and the growth of the business services sector, Prague and other large Czech cities will need more flexible housing solutions soon. Sales prices for flats have been increasing constantly since 2014. I

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Latest news

Poland Warsaw developers increase supply as sales stall

Opr./edited by AH

Warsaw developers significantly increased the number of new apartments for sale in the second quarter of 2026, but sales fell. They brought 4,753 homes to market, up 66.8 pct from the previous quarter, while 3,840 apartments were sold, a 9.4 pct decline. The increase in supply pushed the number of apartments available for sale to 16,345 at the end of June, up 7.1 pct from three months earlier. Even so, quarterly sales remained 4.6 pct above the five-year average of 3,670 homes, according to data from CBRE and Tabelaofert.pl.

Warehouse & industrial

Poland two leases in Logicor Łódź III

Opr./edited by AH

Logicor Łódź III is now fully leased after Transfer Multisort Elektronik (TME) and an aluminium processing company have both signed new agreements.

Warehouse & industrial

Poland CTPark Warsaw Emilianów Earns BREEAM Outstanding Rating

Opr./edited by AH

CTPark Warsaw Emilianów has achieved a BREEAM Outstanding rating, scoring 89.1 pct in the assessment.

Retail & leisure

Poland Luxury Brands Take a Closer Look at Warsaw

Opr./edited by AH

Global luxury brands are expanding more cautiously, choosing markets and locations more carefully rather than rapidly adding stores, according to Colliers’ EMEA Retailer Performance & Consumer Spending Trends report. Weaker consumer confidence, higher costs and a less certain economic outlook are making retailers pay closer attention to sales and profitability. Warsaw remains one of the markets attracting interest from luxury brands, including some that have yet to enter Poland.

Office & mixed-use development

Poland Hyundai Motor Poland expands in Wołoska 24

Opr./edited by AH

Hyundai Motor Poland has renewed its lease at Wołoska 24 in Warsaw and expanded its office space by around 30 pct. The company will now occupy nearly 1,700 sqm, up from around 1,300 sqm.

Warehouse & industrial

Poland Panattoni starts final stage of Zgierz I

Opr./edited by AH

Panattoni has started work on the final stage of Panattoni Park Zgierz I in Lućmierz, near Łódź. The new 16,400 sqm warehouse will bring the park’s total space to more than 29,000 sqm.

Retail & leisure

Poland Primark opens first store in northern Poland

Opr./edited by AH

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Retail & leisure

Romania Peek & Cloppenburg to open 3,600 sqm store in Rivus

Opr./edited by AH

Peek & Cloppenburg will open a 3,600 sqm store at Rivus, a mixed-use development under construction in Cluj-Napoca. It will be the retailer’s second store in the city.

Warehouse & industrial

Poland Elanders Polska takes nearly 5,600 sqm at Hillwood Wrocław East

Opr./edited by AH

Elanders Polska has taken nearly 5,600 sqm at Hillwood Wrocław East in Dobrzykowice, just outside Wrocław. The deal covers more than 5,000 sqm of warehouse space and around 600 sqm of offices. Only one 4,200 sqm unit remains available at the park.

Warehouse & industrial

Poland Tight supply leaves tenants competing for warehouse space

Opr./edited by AH

Poland’s overall warehouse vacancy rate is around 7 pct, but large, well-located warehouse space is becoming much harder to find. Companies looking for more than 15,000 sqm are increasingly competing for the same buildings. According to SQM Advisory, the squeeze is no longer confined to the very largest warehouses; availability of mid-sized units is also tightening.

Warehouse & industrial

Poland Warehouse market picks up as tenants expand

Opr./edited by AH

Poland’s warehouse market picked up noticeably in the first half of 2026 after a year dominated by lease renegotiations. New leases and expansions made up 60 pct of tenant activity, while cautious development kept new supply in check. The vacancy rate fell from 7.1 pct at the end of March to 6.3 pct at the end of June, according to JLL.

Office & mixed-use development

Poland Wrocław office market sees weaker tenant activity in H1 2026

Opr./edited by AH

Tenant activity slowed in Wrocław in the first half of 2026. Two office projects were completed in the first quarter, leaving no buildings under construction. The vacancy rate also edged down. However, with around 295,000 sqm of space available for immediate occupation, it will take time for the market to rebalance, according to Newmark Polska’s 'Office Occupier – Wrocław Office Market' report.

Poland Flora Development receives occupancy permit for Esy Floresy

Opr./edited by AH

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Property and Facility Management

Poland ISS takes over technical management of Axis in Kraków

Opr./edited by AH

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Warehouse & industrial

Poland Warehouse demand strengthens as availability tightens in Poland

Opr./edited by AH

Poland’s warehouse market gained momentum in the first half of 2026 as occupier demand picked up while the development pipeline continued to shrink. Gross take-up rose 21 pct year on year, while net take-up – covering new leases and expansions – jumped 58 pct to more than 2.1 mln sqm. The vacancy rate fell to 6.3 pct and space under construction dropped to its lowest level in more than nine years. According to Axi Immo, the combination of strong demand and limited new supply could stimulate rent rises in many markets.

Investment & finance

Poland Henley sells Poznań shopping centre Galeria Pestka

Opr./edited by AH

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Opr./edited by AH

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Opr./edited by AH

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Opr./edited by AH

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Warehouse & industrial

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Opr./edited by AH

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Warsaw developers increase supply as sales stall

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Yareal builds in Żoliborz

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Edition 6 (308)

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