Czech land prices and rates choke homebuilding; annual starts fall to 13,000

Czech family home construction has dropped from 18,000 to under 13,000 units annually, driven by high land prices and elevated interest rates that squeeze small builders. The decline signals persistent housing-supply constraints, which could keep shelter inflation sticky and weigh on construction-sector growth. The trend is established, not a new shock, but the magnitude of the drop underscores structural affordability pressures.