A review of the 2024 construction year shows that residential construction activity in the Czech Republic declined significantly. Nationwide, 30,274 new homes were completed – a decrease of over 20 percent compared to the previous year.
This is according to current data from the Czech Statistical Office (ČSÚ). The figure covers all categories of residential construction – single-family houses, multi-family buildings, extensions and conversions. The decline was particularly pronounced in traditional new construction. The number of completed flats in single-family and multi-family buildings fell by around 20 percent in each case. Only smaller projects, such as additions or extensions, recorded a slightly smaller decline.
Prague the Only Region to Defy the Downward Trend
While all regions of the country experienced a decline, Prague was the only region to record a slight increase in the number of new flats. The Central Bohemian Region also remained relatively stable. In South Moravia, by contrast, the decline was particularly significant, with construction companies completing only around 3,300 flats – no other region recorded such a sharp drop. The fewest flats were completed in the Karlovy Vary and Liberec regions.
Construction Takes Longer – and Becomes More Expensive
The extended construction time is also striking. Single-family houses took an average of 45 months to complete – five months longer than in the previous year. For flats in multi-family buildings, construction time increased by an average of two and a half months.
The significant rise in costs is also notable. Investment costs per flat rose by around 7 percent for single-family houses and 5 percent for flats in multi-family buildings.
Construction Method and Energy Efficiency
In terms of construction materials, brick buildings remain clearly dominant with a share of 83.8 percent. Wooden buildings accounted for 13.6 percent of new construction – a figure that corresponds to the long-term average.
In terms of energy efficiency, Class B once again dominated, although its share has declined slightly in recent years. Class A buildings, on the other hand, increased by three percentage points. The share of Class C buildings fell slightly to 29 percent.
