Prague property is expensive, and rental yields are poor

Residential Valuation Specialist | November 02, 2022

Last Updated: Sept. 19, 2022
PRAGUE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Praha 1
Studio €263,333 €982 4.47%
1-Bedroom €489,172 €1,599 3.92%
2-Bedroom €954,272 €1,795 2.26%
3-Bedroom €809,846 €2,856 4.23%
Praha 3
Studio €222,759 €694 3.74%
1-Bedroom €285,180 €934 3.93%
2-Bedroom €407,167 €1,204 3.55%
Praha 4
Studio €189,508 €551 3.49%
1-Bedroom €244,382 €816 4.01%
2-Bedroom €281,508 €816 3.48%
3-Bedroom €330,874 €1,395 5.06%
Praha 5
Studio €236,630 €734 3.72%
1-Bedroom €305,987 €1,224 4.80%
2-Bedroom €305,946 €1,102 4.32%
3-Bedroom €484,786 €2,162 5.35%
4-Bedroom €603,774 €4,814 9.57%
Praha 6
Studio €241,016 €643 3.20%
1-Bedroom €277,020 €836 3.62%
2-Bedroom €340,625 €1,244 4.38%
3-Bedroom €635,434 €3,019 5.70%
4-Bedroom €1,118,893 €3,039 3.26%
Praha 8
Studio €188,794 €734 4.67%
1-Bedroom €282,799 €1,020 4.33%
2-Bedroom €281,100 €857 3.66%
Praha 9
Studio €203,703 €551 3.25%
1-Bedroom €242,750 €775 3.83%
2-Bedroom €273,043 €857 3.77%
3-Bedroom €319,859 €836 3.14%
Praha 10
Studio €211,663 €592 3.36%
1-Bedroom €252,949 €734 3.48%
2-Bedroom €301,907 €826 3.28%
3-Bedroom €485,296 €1,428 3.53%
Prague avg. rental yields 4.07%
PLZEN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Plzen (all locations)
Studio €116,545 €356 3.67%
1-Bedroom €163,163 €470 3.46%
2-Bedroom €175,431 €573 3.92%
3-Bedroom €193,015 €613 3.81%
Plzen avg. rental yields 3.71%
BRNO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Brno (all locations)
Studio €187,494 €508 3.25%
1-Bedroom €232,640 €646 3.33%
2-Bedroom €303,137 €914 3.62%
3-Bedroom €316,919 €894 3.39%
Brno avg. rental yields 3.40%
OSTRAVA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Ostrava (all locations)
Studio €64,611 €284 5.27%
1-Bedroom €81,272 €362 5.35%
2-Bedroom €107,685 €415 4.62%
3-Bedroom €128,003 €549 5.15%
Ostrava avg. rental yields 5.10%
OLOMOUC - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Olomouc (all locations)
Studio €132,718 €391 3.54%
1-Bedroom €202,140 €529 3.14%
2-Bedroom €236,442 €531 2.69%
3-Bedroom €189,135 €613 3.89%
Olomouc avg. rental yields 3.31%
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.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Gross rental yields, i.e., the rental return on a property if fully rented out, before all expenses, are good in Prague. Gross rental yields for apartments tend to be near or over 3.5%. Prague is the most expensive of any significant Czech city to buy or rent a property.

District that is favored by ex-pats is Prague 5, one of the largest districts of Prague. A two-bedroom apartment in this area typically costs EUR 305,946 and rents at EUR 1,102. Apartment prices here are much more affordable than in the city centre.

The largest Prague district is Prague 6 which has a very high cost of living. But there is a relatively few available options like in our research where a two-bedroom apartment costs around EUR 340,625 and EUR 1,244 for rent, generating a rental yield of 4.38%.

Rental yields in the first district of Prague are a bit lower but still good, at around 4.23% for a three-bedroom apartment.

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.