🇨🇿 Czech Republic Market Intelligence

Czech Republic Student Housing Market 2026

Strategic market analysis: 89% university-owned dormitories (koleje) in aging communist-era infrastructure. Private PBSA commands 2.1x rent premium—major privatization and modernization opportunity.

Data as of January 2026 | Source: Czech Statistical Office, Cushman & Wakefield, MŠMT

CZK 3.8BTotal Market
315KStudents
68KTotal Beds
22%Penetration

Market Overview & Supply Analysis

89% public dormitories (koleje) vs 11% private PBSA—CEE's largest dormitory privatization opportunity

CZK 3.8BAnnual Market~€149M
67,863Total BedsPublic + Private
99%OccupancyAt Capacity
2.1xPrivate Premiumvs Public Rates

Top Operators by Bed Count

University dormitories dominate; THE FIZZ is largest Western-style PBSA

Charles Univ
10,829
Public Koleje
ČVUT (CTU)
7,567
Public Koleje
Masaryk Univ
5,000
Public Koleje
Palacký Univ
3,500
Public Koleje
CPI Hotels
1,761
Private
THE FIZZ
675
Western PBSA
Public Dormitory (Koleje) Private PBSA

Monthly Rental Rates: Public vs Private (CZK)

Private PBSA commands 2.1x premium over public dormitories

THE FIZZ Studio
17,500 (€690)
Private Single
12,000 (€470)
Private Shared
8,500 (€335)
Masaryk Single
6,576 (€260)
Charles Avg
5,665 (€223)
Regional Avg
4,610 (€182)

Public vs Private Market Composition

89% public dormitories = massive modernization and privatization opportunity

Public Beds
60,219
89% of Supply
Private Beds
7,644
11% of Supply
Public Revenue
84%
CZK 3.2B
Private Revenue
16%
CZK 0.6B

Supply-Demand Analysis by City

CityStudentsCurrent BedsBed GapStudents/BedPriority
Prague95,00028,06714,3333.38🔴 CRITICAL
Brno63,00013,6729,5284.61🔴 CRITICAL
Olomouc15,0004,9076433.06🟢 BALANCED
Ostrava15,0003,2002,3004.69🟡 HIGH
Plzeň10,0002,5001,2004.00🟡 HIGH
Hradec Králové9,0002,0001,3304.50🟡 MODERATE

Note: Masaryk University receives 1,500+ more applications than available beds annually

Market Structure

Public dominates 89%—private PBSA is growth opportunity

68KBeds
Public Koleje: 89% (60,219)
Private PBSA: 11% (7,644)
Pipeline: ~2,700 beds (2024-28)

Supply by City: Current + Pipeline

Prague dominates; CEE Student Housing Fund targeting expansion

Prague
28K + 1.5K
Brno
13.7K + 0.4K
Olomouc
4.9K + 0.1K
Ostrava
3.2K + 0.1K
Plzeň
2.5K + 50
Other
10K + 0.4K
Current Pipeline

Demand Analysis

18% international students (56K)—Slovakia supplies 38%; free Czech-language tuition attracts cost-sensitive students

315KTotal StudentsČSÚ 2024
55,996International18% of total
4.6Students per Bedvs UK 1.9
22%Penetrationvs UK 54%

Top Universities by Enrollment

Charles University leads with 56K students; Masaryk strongest international (23%)

Charles Univ
56,000 (20% intl)
Masaryk Univ
33,000 (23% intl)
ČVUT (CTU)
22,000 (14% intl)
VUT Brno
22,000 (18% intl)
Life Sciences
18,000 (11% intl)
VŠE Prague
15,000 (17% intl)
20%+ International 10-20% International

International Students by Source Country

Slovakia dominates (38%) due to linguistic proximity; Ukraine +43% YoY

Slovakia
21,000 (37.5%)
Russia
7,840 (14.0%)
Ukraine
6,160 (11.0%)
Kazakhstan
2,800 (5.0%)
India
2,240 (4.0%)
Other
15,956 (28.5%)

Slovakia students often commute or seek premium private housing due to cultural expectations

Investment & Transaction Activity

€190M tracked activity; CEE Student Housing Fund (EIF-backed) targeting 3,500 beds regionally

Major Transactions & Developments 2018-2026

TransactionBuyer/DeveloperValue (EUR)BedsYear
THE FIZZ Prague OpeningInternational Campus + Karlín Group€50M6752018
CEE Student Housing Fund LaunchEIF + Private Investors€50M3,500 (target)2024
CPI Hotels ConversionCPI Property Group€30M1,7612019-23
Karlín Group Stake (100%)International Campus€25M6752020
Zeitraum PortfolioZeitgeist Asset Management€15M4202020-24

🇨🇿 Czech Market Characteristics

COMMUNIST-ERA INFRASTRUCTURE

89% of beds in aging "koleje" built 1950s-1980s. Basic amenities, shared facilities, institutional feel. Creates modernization opportunity for private operators.

2.1x PRIVATE PREMIUM

Private PBSA commands 2.1x rent premium over public dormitories. Premium segment willingness demonstrated by THE FIZZ success (€690/month studios).

FREE TUITION ADVANTAGE

Free tuition for Czech-language programs attracts cost-sensitive international students. Housing becomes key differentiator in student attraction.

SLOVAKIA DEMAND DRIVER

38% of international students from Slovakia due to linguistic similarity. These students often have higher housing budget expectations.

City Investment Priority Matrix

🟢 INVEST — Core
  • Prague — 95K students
  • Brno — 63K students
  • Largest international populations
  • Premium segment demand
🟡 SELECTIVE — Growth
  • Ostrava, Plzeň
  • Regional university towns
  • Lower competition
  • Cost-conscious segment
🔴 MONITOR — Regional
  • Olomouc, Hradec Králové
  • Near-balanced supply
  • Limited premium demand
  • University partnership required

Investment Thesis

89% aging public infrastructure + 2.1x private premium = CEE's largest dormitory privatization opportunity. First-mover advantage for Western-standard PBSA targeting premium international segment.

89%Public Koleje
2.1xPrivate Premium
99%Occupancy
56KInternational

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