|Last Updated: May 20, 2016|
|PRAGUE - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|70 sq. m.||259,700||781||3.61%||3,710||11.15|
|120 sq. m.||459,720||1,434||3.74%||3,831||11.95|
|Prague 1: Stare Mesto, Josefov, Mala Strana, Nove Mesto
Prague 2: Vinohrady and Nove Mesto
Prague 5: Smichov
Prague 6: Dejvice
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Prices of houses and apartments in the Czech Republic have begun to rise again, according to Czech National Bank statistics. Wonderfully beautiful Prague is quite an expensive city in which to buy property:
The purchase price of apartments in Prague’s prime residential districts is now around 3,500 euros to 4,000 euros per sq. m..
How much will you earn? Prague’s rental yields are weak:
Currency risk. Over the past two years, the Czech Koruna has flat-lined against the euro.
Conclusion: You’re not going to buy in Prague for yields, at the moment!
Round trip transaction costs are moderate to high in the Czech Republic. See our Czech Republic transactions cost analysis and our Czech transaction costs compared to other countries.
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