The Czechia also recorded the sixth highest increase in apartment prices in the first quarter. At that time, however, it was even more pronounced – by 9.5 percent.
The second fastest growth in housing prices in the second quarter was recorded by Poland, with a year-on-year change of 10.9 percent. It is followed by Slovakia, where houses and flats rose by 9.7 percent a year.
In neighboring Germany, prices rose 6.6 percent year on year.
In some countries, on the other hand, flats are becoming cheaper. Most in Hungary – by 5.6 percent year on year. It is followed by Cyprus with a decrease of 2.9 percent.
The quarter-on-quarter decline in apartment prices is again most pronounced in Hungary – by 7.4 percent. It is followed by Estonia, where flats are 5.8 percent cheaper than in the same period last year.
Houses and flats are also slightly cheaper than last year in Latvia (-2.3 percent), Bulgaria (-1.1 percent) and Ireland (-0.1 percent).
According to data published on Wednesday by the Czech Statistical Office (CSO), 3,198 dwellings began to be built in the Czech Republic in August, which is three percent less than a year ago. A total of 2,992 dwellings were completed, which represents a year-on-year decrease of 1.7 percent.