Prague property is expensive, and rental yields are poor

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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.