Czechia - House Price Index





Czechia: House Price Index

Mnemonic HPI.ICZE
Unit Index 2010=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.46 %
Data 2019 Q4 146.2
2019 Q3 144.1

Series Information

Source The Czech Statistical Office (CZSO)
Release Prices of Observed Types of Real Estate
Frequency Quarterly
Start Date 3/31/2004
End Date 12/31/2019

Czechia: Real Estate

Reference Last Previous Units Frequency
Building Completions 2022 Q1 9,094 10,358 #, NSA Quarterly
Building Permits Mar 2022 7,910 6,903 #, NSA Monthly
Housing Starts 2022 Q1 10,832 11,448 #, NSA Quarterly
Non-residential Building Completions 2022 Q1 131 178 #, NSA Quarterly
Non-residential Building Permits Mar 2022 1,500 1,277 #, NSA Monthly
Non-residential Housing Starts 2022 Q1 484 552 #, NSA Quarterly
Residential Building Completions 2022 Q1 5,189 5,454 #, NSA Quarterly
Residential Building Permits Mar 2022 2,974 2,652 #, NSA Monthly
Residential Housing Starts 2022 Q1 10,832 11,448 #, NSA Quarterly
House Price Index for Existing Homes 2021 Q4 199.7 188.9 Index 2015=100, NSA Quarterly
House Price Index for New Homes 2021 Q4 205.7 195.2 Index 2015=100, NSA Quarterly
House Price Index 2019 Q4 146.2 144.1 Index 2010=100, NSA Quarterly

Release Information

For Czechia, a house price index based on real estate taxes, with detail for family houses, multi-dwelling buildings, and municipal size-classes. Quarterly from 2004; subnational detail for the general index.

Cubic price

  • Measurement: Czech crowns per cubic meter (CZK per m³)
  • Adjustment: Not applicable
  • Native frequency: Annual
  • Date range: 2007 to 2019
  • Geo coverage:
    • Country
    • NUTS 2 areas (ICZE_^^^)

Price index

Active or more recent:

  • Measurement: Fixed-base index relative to 2010 (Index 2010=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Date ranges:
    • 2004Q1 to 2019Q4 for aggregate index
    • 2009Q1 to 2019Q4 for detail
  • Geo coverage:
    • Country
    • NUTS 2 areas (ICZE_^^^)

Predecessors:

  • 2005=100 - 2004Q1 to 2011Q4 ("_05")
  • 2000=100 - 2000Q1 to 2006Q4 ("_00")
  • 2000=100 and CPPY=100 - 1999Q1 to 2003Q4 (no archive specifier)

Input data are from the database of the Ministry of Finance, which establishes the tax authorities based on tax returns for real estate transfer tax. It is therefore a real, actually paid (declared) prices.

  1. The general index is weighted average of the basic indexes for apartments (AP), family houses (RD), multi-dwelling buidlings (DO), lots (SP) and garages (GA). SP and GA were included in 2009 but not in 2011.
  2. A family house can have at most three apartments, two levels, one basement and one attic.
  3. If the house has more, then it is multi-dwelling building.
  4. House prices broken down by municipal size class include all of Czech Republic outside of the capital city of Prague and the East and West districts of Prague. In Moody's Analytics concept codes, the classes are denoted:
    • Z1 = Under 2,000 inhabitants
    • Z2 = 2,000 to 49,999 inhabitants
    • Z3 = 10,000 to 49,999 inhabitants
    • Z4 = 50,000 inhabitants or more

Moody's Analytics supplements

We construct seasonally adjusted counterparts: for the total index, for all geos.

Further reading

At the source: