|Last Updated: May 17, 2012|
|PRAGUE - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|35 sq. m.||105,560||477||5.42%||3,016||13.62|
|75 sq. m.||251,250||893||4.26%||3,350||11.90|
|120 sq. m.||432,600||1,264||3.51%||3,605||10.53|
|200 sq. m.||771,600||2,322||3.61%||3,858||11.61|
Prague 1: Stare Mesto, Josefov, Mala Strana, Nove Mesto
Apartments in Prague’s prime residential districts now cost around EUR3,500 per square metre ( sq. m.). Bigger apartments tend to cost more per sq. m. For example, a 35 sq. m . apartment costs on average EUR3,000 per sq. m., whereas a 200 sq. m. apartment costs around EUR4,000 per sq. m.
On the other hand, smaller apartments earn the highest rents per sq. m.
For example, a 35 sq. m. apartment rents for around EUR500 per month, or about EUR14 per sq. m. A 120 sq. m. apartment rents out for EUR11 per sq. m. per month, or around EUR 1,300 per month.
So smaller apartments earn the highest rental yields, as they are cheaper to buy (per sq. m.), yet fetch higher rents (per sq. m.). Gross rental yields for apartments in Prague range from 3.51% to 5.42%, assuming that they are always rented, and as we said previously, the smaller apartments earn the higher yields.
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