The country’s real estate market, which is perceived as one of the most established in the Central and Eastern European region, continues to attract Russian and Ukrainian investors.
The most expensive properties
Centrally situated apartments in Prague, especially those in historic buildings close to the Vltava River, are the most expensive. Their average price is around 150 000 CZK (5 453 euros) per square meter, but can go as high as 250 000 CZK per sq. m.
Buying in Vinohrady
The most popular neighborhood in Prague is Vinohrady which has a lot of grocery shops and even cafes and restaurants offering organic produce. Apartments in 19th/early 20th century buildings are typical for the area. A renovated one-bedroom apartment would cost 4.2 – 5.6 million CZK.
Buying in Dejvice
The second most popular place in Prague for singles and couples is Dejvice. This part of town has been in demand as a place to live since 1990. Here you can buy very similar types of apartments to those of Vinohrady but prices are about 10% less expensive here.
Buying in Hrebenka and Podoli
Usually, married couples with children are choosing Hrebenka or Podoli regions of Prague which located very close to the center. Prices in these areas are very similar. For a townhouse you would typically pay 10-18 million CZK while period detached houses cost 35-150 million CZK depending on the condition of the property.
Property prices in other Czech cities
Average prices of flats in other large Czech cities are as follows: in Brno it is around 44 000 CZK per square meter, in Pilsen 32 000 CZK per sq. m., in Ceske Budejovice 27 0000 CZK per sq. m. Prices in Karlovy Vary are around 32 000 CZK per square meter, however in its spa district the prices are significantly higher. Properties in small towns and less developed parts of the country are significantly cheaper. For example an apartment of 60 sq. m. in Chomutov could cost as low as 400 000 CZK.