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|
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
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.