Moderate yields in Prague
Residential Valuation Specialist | August 15, 2019
| Last Updated: Aug. 15, 2019 | |||||
| PRAGUE - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| Prague 1 60 sq. m. | 401,298 | 1,050 | 3.14% | 6,688 | 17.51 |
| Prague 2 60 sq. m. | 290,951 | 954 | 3.93% | 4,849 | 15.89 |
| Prague 3 60 sq. m. | 220,650 | 870 | 4.73% | 3,678 | 14.51 |
| Prague 4 60 sq. m. | 187,294 | 641 | 4.11% | 3,122 | 10.68 |
| Prague 5 60 sq. m. | 215,120 | 775 | 4.32% | 3,585 | 12.91 |
| Prague 6 60 sq. m. | 209,049 | 671 | 3.85% | 3,484 | 11.19 |
| Prague 7 60 sq. m. | 247,725 | 763 | 3.69% | 4,129 | 12.71 |
| Prague 8 60 sq. m. | 218,151 | 734 | 4.04% | 3,636 | 12.24 |
| Prague 9 60 sq. m. | 182,807 | 637 | 4.18% | 3,047 | 10.62 |
| 1Prague 10 60 sq. m. | 196,276 | 670 | 4.09% | 3,271 | 11.16 |
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All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Notes: The high-end neighborhoods in Prague are located in Prague 1 (Josefov, Mala Strana, Nove Mesto, Stare Mesto) , Prague 2 ( Nove Mesto, Vinorhady) , Prague 5 (Smichov) and Prague 6 (Dejvice) Source: RealityMix.cz Definitions: Data FAQ See also: Update Schedule |
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Prices of houses and apartments in the Czech Republic have rise strongly since 2014, according to Czech National Bank statistics - but these price rises have now paused. Wonderfully beautiful Prague is quite an expensive city in which to buy property:
How much will you earn? It very much depends on the location of your apartment. Rental yields in Prague 1 are quite weak, at around 3.2% on a 60 square metre apartment. In Prague 5 you can earn 5.3%.
Conclusion: Prague yields are moderate, 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.
Czech Republic - More data and information
- How expensive are houses in the Czech Republic, compared to the rest of Europe?
- Property prices in Czech Republic. Graph of house price trends in Czech Republic
- How much rent can be earned from Czech property, compared to the rest of Europe?
- How much tax must foreign owners pay when they rent out their Czech property?
- Where to by property in Czech Republic
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