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May 17, 2012

Czech Republic - small apartments are ‘better earners’

			Last Updated: May 17, 2012
PRAGUE - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
PRAGUE - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	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 Prague 2: Vinohrady and Nove Mesto Prague 5: Smichov Prague 6: Dejvice Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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.

Czech Republic - more data and information

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