Czech Housing Starts
Czech Republic housing starts fell by 3.8% from 8,306 units in Q1 2025 to 7,989 units in Q2 2025. This marks the lowest level since Q1 2018. The decline occurred despite overall construction output growth of 7.4% year-on-year in Q1 2025. A decrease in building permits by 16.2% year-on-year in the first five months of 2025 contributed to supply rigidity. Housing affordability worsened as prices rose 9.94% year-on-year in Q1 2025, exceeding income growth. The Czech National Bank kept its key interest rate at 3.50% due to housing market inflation. Czech Republic's record low housing starts was 5,164 units in Q1 2016 and record high was 12,826 units in Q3 2021.
Quarterly Historical Data (2015-2025)
(in units)Czech Housing Starts : Definition
Czech Republic dwellings started measures new residential units construction has commenced. The Czech Statistical Office gathers this through surveys of construction firms reporting the start of building houses and apartments. It indicates new housing supply initiation.