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Residential market

Over the past few years, Ostrava has been undergoing a significant transformation and is becoming a modern city with growing appeal for new residents, investors, and skilled professionals. The city’s gradual transformation, together with extensive investments in infrastructure, culture, education, and technology sectors, is generating increasing demand for high-quality residential housing. However, the current housing supply is insufficient to meet the growing interest in modern urban living, particularly in attractive locations within the wider city center.

The strongest demand is currently for modern urban apartments of mid-range and higher quality that offer good access to services, public spaces, and civic amenities. This creates opportunities for developments focused on rental housing, multifunctional residential projects, and modern mixed-use developments combining residential, commercial, and leisure functions. Ostrava is preparing strategic development sites designated for residential construction and creating conditions for the development of new housing.

A large proportion of Ostrava’s current housing stock is the result of extensive post-war construction associated with industrial development. Housing estates built primarily during the 1960s, 1970s, and 1980s continue to play a dominant role, with more than half of Ostrava’s residents currently living in these estates, particularly in the city districts of Ostrava-Jih and Poruba.

Housing as a Strategic Priority for the City

Ostrava has prepared a long-term Housing Policy Concept. Quality and affordable housing can help retain residents, attract new professionals, and gradually change perceptions of Ostrava as a modern and attractive place to live. For the first time, the City of Ostrava has introduced a comprehensive strategic document that systematically addresses housing and establishes a long-term housing development framework through 2050 and beyond.

One of the key measures is securing stable financing. According to the proposal, the city should invest approximately 3% of its annual budget in housing stock development, enabling both systematic renewal and the construction of new housing units. At the same time, the city aims to support housing models that better meet the needs of different population groups, such as young families and senior citizens. Particular emphasis is placed on smaller apartment buildings and low-rise mixed-use developments of approximately four to five storeys. The city considers cooperation with private investors and developers a key prerequisite for successful housing development.

In 2025, construction commenced on 1,940 housing units in the Moravian-Silesian Region, representing 5.4% of total residential construction activity in the Czech Republic. Within the city of Ostrava, construction started on 501 housing units during the same year. Over the last six years, nearly 10,000 real estate transactions have been completed on Ostrava’s residential market. The average total price of new apartments increased by 95%.

Key Data: Residential Market in Ostrava

130,000
Housing units in Ostrava
42,000
Rental apartments
40,000
Owner-occupied apartments
54–57 m²
Average size of a 2-room apartment with kitchenette (2+kk)
CZK 40,000–60,000/m²
Residential construction costs
CZK 90,000–110,000/m²
Sale price of new apartments, including one-third municipal housing
CZK 140–297/m²
Rental rate depending on location and qualit
CZK 15,000
Average monthly rent for a 2+kk apartment

The City of Ostrava has prepared several strategic sites for residential development and is actively seeking partners and investors to expand its housing capacity. A portfolio of land suitable for residential development can be found here. Currently open calls can be found here.

Why Invest in the Residential Market in Ostrava?

  • Ostrava is among the most affordable regional capitals in the Czech Republic in terms of residential property acquisition prices, creating attractive potential for further property value growth. The city has been making long-term investments in public space modernization, transport, education, culture, and sports infrastructure.
  • New major investments in science, technology, and innovation are emerging in Ostrava, attracting skilled professionals and increasing demand for quality housing.
  • An important catalyst for the city’s future development is the construction of the world-class Concert Hall (VOX), designed by architect Steven Holl, with completion scheduled for 2028.
  • Ostrava is establishing itself as a hub for digitalization, information technology, and artificial intelligence. It is home to the national supercomputing center IT4Innovations and a growing number of projects supporting research, innovation, and education.
  • An increasing number of cultural, sporting, and social events are enhancing the attractiveness of the city not only for visitors but also for long-term residents.
  • Ostrava benefits from excellent transport accessibility, including Leoš Janáček Ostrava International Airport and connections to the motorway and railway networks.
  • The city actively supports brownfield regeneration and is preparing new development areas suitable for modern residential projects.
  • A stable economic environment and the city’s highest credit rating of Aa3 by Moody’s confirm its long-term development potential.
  • Ostrava’s residential market represents a significant opportunity for developers, investors, and institutional partners seeking a promising location with further growth potential. Rising quality of life, strategic investments, and the city’s ongoing transformation are creating the conditions for modern and attractive housing that meets the needs of current and future residents.

Useful Information:

For more information about strategic sites designated for residential development in Ostrava, please do not hesitate to contact us at invest@ostrava.cz.