Buying real estate in Dejvice?

We've created a guide to help you avoid pitfalls, save time, and make the best long-term investment possible.

Is buying a property in Dejvice a good investment?

Last updated on 

property investment Prague

Yes, the analysis of Prague's property market is included in our pack

If you've explored the academic atmosphere and green spaces in Dejvice, Prague, you might have considered purchasing a property in this peaceful neighborhood, becoming a part of Prague's vibrant community while enjoying a tranquil lifestyle.

Is it a good idea though? How is the real estate market there? Are prices going up or going down? Do people make profits on their real estate investments? What about the rental demand?

We'll answer all these questions for you! When building and updating our property pack for Czechia, our team has been researching and surveying this area. Actually, lots of customers are interested in investing there. So we thought it would be a good idea to add some information about it in our pack.

Why do property buyers like investing in Dejvice?

Dejvice, nestled in the heart of Prague, has steadily risen as a sought-after location for property buyers.

Its unique charm lies in its blend of modern urban living and rich historical context, offering a distinct experience compared to other real estate markets.

Unlike newer developments that focus solely on contemporary design, Dejvice preserves a sense of historical continuity, with architecture that spans various eras, creating a visually diverse and culturally rich environment.

This area began to gain popularity as a property hotspot in the early 2000s. It coincided with Prague's growing international recognition and economic growth, which fueled interest in its real estate market.

Dejvice, in particular, attracted attention due to its proximity to the city center, yet offering a quieter, more residential atmosphere.

This blend of accessibility and tranquility has been a key factor in its enduring appeal. The continued development of infrastructure and amenities in and around Dejvice suggests that this area will maintain its popularity.

Its growth seems sustainable, backed by the steady demand for properties in well-connected, yet serene urban areas.

Dejvice's demographic is as varied as its architecture. It's particularly appealing to professionals and families who seek a balance between the vibrancy of city life and the calm of suburban living. Its reputable schools, parks, and family-friendly facilities make it a prime choice for those raising children, while the array of cafes, restaurants, and cultural venues attracts young professionals and expatriates.

However, Dejvice is not without its weaknesses. The rising popularity has led to an increase in property prices, making it less accessible for first-time buyers or those with a limited budget.

Additionally, while its historical buildings add charm, they may require more maintenance and renovation, which could be a deterrent for some buyers.

In essence, Dejvice offers a unique proposition in Prague's real estate market, blending historical charm with modern living. Its sustained popularity is a testament to its appealing balance of tranquility and urban accessibility, attracting a diverse population.

Yet, the challenges of affordability and maintenance should be considered by potential property buyers.

Make a profitable investment in Prague

Better information leads to better decisions. Save time and money. Download our guide.

buying property in Prague

Why is Dejvice a nice place to live?

Dejvice offers a blend of urban sophistication and a relaxed lifestyle, making it a desirable place to live.

The area is known for its cultural richness, characterized by historic buildings and green spaces, which contribute to a serene yet vibrant living environment. The lifestyle here is often described as balanced, offering the excitement of city life without the overwhelming hustle often found in city centers.

The expat community in Dejvice is thriving, thanks to the district's welcoming atmosphere and its array of amenities catering to diverse needs and preferences. This multicultural environment fosters a sense of inclusivity, making it easier for expatriates to settle in and feel at home.

Living in Dejvice does come with a cost. It's considered one of the more upscale areas in Prague, reflecting in the cost of housing and living expenses.

However, many find the quality of life here justifies the cost, especially when compared to other major European cities.

Safety is a notable feature of Dejvice. It's known for being a safe area with low crime rates, which is a significant consideration for families and individuals seeking a secure living environment.

In terms of amenities, Dejvice is well-equipped. Educational facilities, including international schools like the Riverside School, cater to diverse educational needs. For healthcare, facilities such as Na Homolce Hospital provide quality medical services.

The district also boasts several shopping centers, such as the Dejvická Market, offering a variety of shopping options from local to international brands.

The infrastructure in Dejvice is commendable. The roads are well-maintained, and utilities like electricity and water supply are reliable. Internet connectivity is generally excellent, meeting the needs of both residents and businesses.

Dejvice's accessibility is one of its strong points. It's well-connected to other parts of Prague, making commuting relatively easy. The district's proximity to major transport hubs, including the Václav Havel Airport Prague, adds to its appeal, especially for those who travel frequently.

Public transportation options in Dejvice are varied and efficient. The district is served by multiple tram and bus lines, and the Dejvická metro station links it to the rest of Praguety.

This network of public transport makes it convenient for residents to navigate around Prague without relying on personal vehicles.

How much does it cost to buy real estate in Dejvice?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Czechia.

Buying a property in Dejvice offers a range of options, from cozy apartments to more expansive houses and luxury villas.

The diversity in property types caters to various preferences and needs, which is one of the reasons why Dejvice is popular among property buyers.

Apartments, particularly those in historic buildings, are in high demand due to their character and central location. Houses and villas, though less common, are sought after for their space and privacy.

In Dejvice, you will find a mix of new developments and resale properties. The new developments often offer modern amenities and designs, attracting those looking for contemporary living spaces.

Resale properties, on the other hand, appeal to those who appreciate the historic charm and architectural details characteristic of older buildings.

The price range for properties in Dejvice varies significantly depending on the type and size of the property. On average, prices per square meter can range from about €3,000 to €5,000 or more for luxury properties. These figures, however, are indicative and can fluctuate based on market trends and specific property features.

Over recent years, property values in Dejvice have shown a steady increase. This upward trend is attributed to the area's popularity, its well-developed infrastructure, and its status as a prestigious residential area in Prague.

The demand for properties in Dejvice, coupled with limited supply, especially for new developments, has contributed to the rise in property values.

Looking ahead, there are several factors that could influence the real estate market in Dejvice. Any upcoming developments or city planning changes, such as improvements in public transportation or the addition of community amenities, could further increase property values.

For instance, enhancements in local infrastructure or the introduction of new public spaces and facilities would make the area even more attractive to potential buyers.

Predictions for the real estate market in Dejvice in the coming years suggest a potential continued increase in property values. This prediction is based on the consistent demand for properties in this area, the ongoing development of the district, and the general trend of rising property prices in Prague.

Factors that indicate a potential increase in value include the continued interest in living in a well-established, culturally rich, and conveniently located area like Dejvice, the ongoing development of local amenities, and the general economic stability of Prague.

If these factors remain consistent, it's likely that the attractiveness and value of properties in Dejvice will continue to rise, making it a potentially lucrative area for property investment.

Where is the best area to buy a property in Dejvice?

Choosing the best area to buy a property in Dejvice depends on personal preferences and needs, as different parts of Dejvice offer varied atmospheres, property types, and prices.

Firstly, the historic heart of Dejvice, with its charming streets and period buildings, is highly sought after.

Here, you'll find a range of beautifully preserved or tastefully renovated apartments, often within Art Nouveau or Cubist buildings. This area is perfect for those who appreciate architectural character and a sense of history.

However, the prices here tend to be higher due to the desirability and limited availability of such properties.

On the other hand, the areas closer to the Vltava River, such as Podbaba, offer a more tranquil setting. This part of Dejvice is known for its green spaces and quieter residential feel.

Properties here range from modern apartment complexes to standalone houses, catering to those who prefer a more laid-back environment.

Prices in these areas can be more moderate, providing a balance between quality of living and affordability.

An up-and-coming area within Dejvice is the vicinity around the Dejvická metro station. With ongoing development projects, this area is becoming increasingly attractive for its convenience and modern living spaces.

It’s an area to watch for potential growth in property value, especially appealing to those who value easy access to public transportation and newer constructions.

When looking for a property in Dejvice, areas like Hanspaulka and Střešovice are also worth considering.

These neighborhoods are renowned for their lush greenery, spacious villas, and quiet streets, offering a more suburban feel within the city. They are ideal for families or individuals seeking a peaceful environment without straying too far from the city center.

Conversely, areas close to major thoroughfares or industrial zones in Dejvice might be less advisable for property purchase.

These areas can suffer from higher noise levels and less aesthetic surroundings, which might not appeal to those seeking the quintessential Dejvice charm.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Czechia.

Area Atmosphere Property Types Price Range
Historic Heart of Dejvice Charming, historic Period apartments Higher
Podbaba Tranquil, green spaces Modern apartments, standalone houses Moderate
Near Dejvická Metro Station Convenient, developing Modern living spaces Varies, potential for growth
Hanspaulka and Střešovice Suburban, lush greenery Spacious villas Varies
Near Major Thoroughfares/Industrial Zones Noisier, less aesthetic Varied Potentially lower

Don't lose money on your property in Prague

100% of people who have lost money in Czechia have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.

invest real estate in Prague

Is there a strong rental demand in Dejvice?

Dejvice exhibits a strong rental demand, driven by its desirable location, quality of life, and diverse property offerings.

The nature of rental demand in Dejvice varies, encompassing both short-term and long-term rentals, each catering to different tenant profiles.

The demand for short-term rentals is largely fueled by tourists and business travelers who are drawn to Dejvice for its historical charm, proximity to Prague's city center, and easy access to major attractions and business areas.

Properties that are well-furnished and located near tourist landmarks or transport hubs are particularly popular in the short-term rental market.

Long-term rentals, on the other hand, attract a different demographic. This includes working professionals, both local and expatriate, and university students, given Dejvice's proximity to several major educational institutions.

Families are also a significant part of the long-term rental market, drawn by the area's safety, green spaces, and quality educational facilities.

Potential tenants in Dejvice typically look for properties that offer a balance of comfort, convenience, and accessibility. For working professionals and students, apartments that are close to public transport, particularly those near metro stations like Dejvická, are in high demand.

Families often seek larger apartments or houses, with a preference for quieter, greener sub-areas like Hanspaulka and Střešovice, which offer more space and a suburban feel.

Amenities can significantly impact the rental appeal of a property in Dejvice. Features like modern appliances, high-speed internet, secure parking, and proximity to green spaces can greatly reduce vacancy rates.

For family-oriented properties, proximity to schools and playgrounds is a key factor. In contrast, properties targeted at young professionals and students benefit from being close to nightlife, cafes, and cultural venues.

In terms of investment returns, properties in Dejvice can be quite lucrative, though specific returns depend on various factors like property type, location, and amenities.

Generally, you can expect a healthy return on investment due to the steady demand in the area. Rental yields might range from moderate to high, with well-located and well-equipped properties fetching premium rents.

Properties that are gaining increased demand, and potentially offering better yields, are those that align with the evolving needs of tenants.

For instance, eco-friendly features and smart home technologies are becoming increasingly important for tenants, reflecting broader trends in sustainable and convenient living.

Apartments and houses that incorporate these features, or offer flexibility for remote working, are likely to see a growing demand and potentially higher rental yields in the future.

Make sure you understand the real estate market in Prague

Don't rush into buying the wrong property in Czechia. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.

real estate market Prague

Is it easy to buy a property as foreigner in Dejvice?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Czechia.

Buying a property in Dejvice, Prague, as a foreigner is relatively straightforward, but it's important to be aware of the nuances and regulations involved in the Czech property market.

Firstly, there are no specific restrictions on foreign buyers purchasing real estate in the Czech Republic. This means that as a foreigner, you can buy property in Dejvice just like a Czech citizen. However, there are certain legal and administrative processes that you need to navigate.

The purchasing process typically involves finding a property, negotiating the price, signing a reservation contract, and then a purchase contract. This is followed by the transfer of property rights, which is finalized in the Land Registry.

It's crucial to have all contracts and documents professionally translated to ensure you fully understand the terms and conditions.

One of the primary risks associated with property investment in Dejvice, as with any real estate investment, is market fluctuation. The property market can be subject to various economic factors, so it's important to consider the potential for both growth and decline in property values.

Additionally, as a historic district, some properties in Dejvice may be subject to conservation regulations, which can limit renovation possibilities and add to the cost.

A classic pitfall for foreign buyers in the Czech Republic is underestimating the importance of due diligence. This includes checking the legal status of the property, ensuring there are no outstanding debts or legal claims against it, and verifying that all necessary permits and approvals for the property are in place.

Another unique aspect is the 'pre-emption right' in co-owned buildings, where other owners might have the first right to buy.

Working with a local real estate agent or lawyer is highly recommended. They can provide invaluable guidance on the local market, assist with the legal aspects of the purchase, and help navigate any cultural or language barriers.

They are also familiar with the local laws and regulations, which is crucial for a smooth property transaction.

Common exit strategies for property investors in Dejvice include selling the property for capital gain or renting it out for ongoing income. The rental market in Prague is robust, and Dejvice, in particular, is a popular area, which can make renting out property a viable strategy.

However, selling a property can also be lucrative, especially if the property's value has increased since purchase, but it's important to be aware of market conditions to maximize the return on investment.

Make a profitable investment in Prague

Better information leads to better decisions. Save time and money. Download our guide.

buying property in Prague

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.