After a rollercoaster ride during the COVID-19 pandemic, cottage and country house prices in the Czech Republic are showing signs of stabilization and renewed interest from buyers. The market saw a significant price surge during the lockdown, followed by a sharp drop. Now, prices have steadied, sparking a fresh wave of interest in these types of properties.

While prices for small cottages typically start at around 800,000 Czech koruna, larger cottages are priced from 1.2 million koruna, and country houses typically begin at approximately 2.5 million koruna. However, for well-maintained or luxury cottages, buyers can expect to pay at least four million koruna or more.

Ondřej Strada, an analyst from Bezrealitky.cz, notes that there has been an overall increase of about 20% in demand for cottages and country houses compared to the previous year. The most sought-after properties are in recreational areas with good accessibility for Prague residents, such as Slapy, which has seen a 25% increase in demand for recreational properties.

Real estate agency Lexxus Norton also reports increased interest in recreational properties, especially year-round habitable cottages. Buyers often seek properties within a 90-minute drive from major cities, and many do not require mortgages to make their purchases.

Recreational property prices fell by 15% to 20% on average compared to the pandemic-related highs, but the delayed demand has now shifted to the summer months. Prices are expected to start rising again before the next cottage season.

Strada points out that the line between recreational properties and second homes is blurring, as year-round habitable cottages are priced similarly to family houses in the same areas. Buyers often invest in quality properties outside of the city, either for future permanent residence or potential resale.

Location remains a crucial factor, with accessibility and tranquility highly valued in recreational properties. Properties designated for demolition are also decreasing in supply, as some buyers are primarily interested in the quality of the land.

Mountain apartments and chalets constitute a separate category, with prices starting at five million koruna for studio apartments near mountain resorts. High-quality chalets with generous plots of land can cost between twelve to fifteen million koruna. Their relatively higher price per square meter is attributed to the income generated from short-term rentals of mountain apartments.

In summary, the Czech cottage and country house market has found its footing, offering a variety of options for those seeking an escape from urban life, whether for leisure or long-term living, amid the country’s picturesque landscapes.

Article by Prague Forum