Authored by the expert who managed and guided the team behind the Czechia Property Pack
Yes, the analysis of Prague's property market is included in our pack
What do the latest numbers reveal about Prague’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Prague, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) A studio apartment in Prague costs an average of 4 million CZK in 2025
The average cost of a studio apartment in Prague is expected to hit 4 million CZK in 2025.
In 2024, the price per square meter for apartments in Czechia was about CZK 99,300. So, a 60-square-meter apartment would be around CZK 6 million. Studio apartments are smaller, so they cost less overall, but the high price per square meter keeps them expensive.
Buying an average-sized apartment in Prague required eight annual household incomes, showing high demand and limited supply. This imbalance pushes prices up.
Rental prices in Prague have also been climbing. By 2025, the average monthly rent for a 65-square-meter apartment reached CZK 26,763. Rising rents often go hand in hand with increasing property values, making buying apartments costly.
These trends highlight why studio apartments in Prague are pricey, with the market dynamics of demand, supply, and rental costs all playing a role.
2) By 2025, 40% of Prague homes will be within walking distance of a park
In 2025, 40% of residential properties in Prague are located within walking distance of a park.
This shift highlights Prague's dedication to improving residents' quality of life. Over recent years, the city has experienced a boom in residential projects that emphasize closeness to green spaces. This isn't just a coincidence; it's part of a deliberate urban planning strategy.
Take, for example, developments like Rezidence Nad Lesem and Vivus Golf Resort. These projects are strategically positioned near parks and green areas, reflecting a broader initiative to weave more nature into urban living. The goal is to make these spaces easily accessible to everyone.
Prague's commitment to sustainable living has also played a role. The city has been actively creating more parks and recreational areas, which naturally leads to more homes being within walking distance of these green spaces. This effort is a key factor in reaching the 40% mark.
For potential property buyers, this means a chance to enjoy a lifestyle that balances urban convenience with nature's tranquility. Imagine stepping out of your home and being just a short walk away from a lush park, a reality for many in Prague.
As the city continues to grow, this trend is expected to persist, making Prague an attractive option for those seeking a harmonious blend of city life and nature. Living near a park is becoming a standard feature in many new residential areas.
Sources: Developerské projekty Praha, Expats.cz, Foreigners.cz
We did some research and made this infographic to help you quickly compare rental yields of the major cities in the Czech Republic versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Prague's average annual property tax for homes is 0.5% of their value in 2025
In 2025, the average annual property tax for a residential property in Prague is 0.5% of its value.
Previously, property taxes in Prague were calculated using local coefficients that varied by municipality. These coefficients ranged from 3.50 CZK/m² to 11 CZK/m², depending on the property's type and location. This method made tax calculations a bit complex for property owners.
To illustrate the 0.5% tax rate, imagine owning a property valued at 1,000,000 CZK. With the new percentage-based system, you'd pay an annual tax of 5,000 CZK. This straightforward calculation makes it easier for property owners to budget and plan.
In the past, tax calculations focused on property size and local coefficients, not a percentage of the property's value. This shift to a 0.5% rate suggests a move towards a simplified and standardized approach for property tax in Prague.
Such a change likely aims to streamline the process, making it more transparent and predictable for property owners. This new method aligns with modern practices, offering a clearer understanding of tax obligations.
Sources: Kupní Síla, Pexpats, Business Info
4) In 2024, monthly rents for two-bedroom apartments in Prague ranged from €1,200 to €1,800
In 2024, monthly rents for two-bedroom apartments in Prague ranged from €1,200 to €1,800.
This price range is largely due to an increase in rental prices per square meter. According to the Deloitte Property Index 2024, the average rent per square meter in Prague rose from 14.4 to 15.9 euros, showing a clear upward trend in rental costs.
In 2023, the rental market in the Czech Republic was notably tight. Prices not only returned to pre-pandemic levels but even surpassed them, contributing to the higher rental costs seen in 2024. The demand for housing in Prague likely remained strong, further pushing up rental prices.
While the Deloitte report gives a broad overview, it doesn't specify the exact range of €1,200 to €1,800 for two-bedroom apartments. For more precise data, local real estate websites like Rentola and Flatio are useful, as they offer detailed listings of available apartments.
These platforms, however, also do not specify a precise range for 2024. They do provide a snapshot of the market, helping potential buyers understand the current rental landscape in Prague.
For anyone considering buying property in Prague, understanding these dynamics is crucial. The combination of rising square meter prices and a tight rental market paints a picture of a city where housing demand remains robust.
Sources: Deloitte Property Index 2024, Rentola, Flatio
5) Second-hand properties in Prague appreciated by 5% on average in 2024
The Czech real estate market, particularly in Prague, showed remarkable resilience and growth in 2024.
In June 2024, Prague's property market made a strong comeback after a dip in May, with a 4.1% surge in property prices, according to ISG – Investment Solutions Group. This increase helped recover from previous losses and pushed property values to new heights.
While the exact 5% appreciation for second-hand properties isn't explicitly stated, the Deloitte Real Index offers a broader view. In the second quarter of 2024, house prices in Prague rose by 5.7%, reaching an average of CZK 132,000 per square meter. This rise suggests that second-hand properties are part of this upward trend.
Different areas in Prague contributed to this growth. For instance, while prices in Prague 1 fell by 12.0%, other districts like Prague 7 saw a 14.0% increase, reaching CZK 146,400 per square meter. This shows that while the market overall is appreciating, some areas are growing faster than others.
These regional differences highlight the dynamic nature of Prague's real estate market. Buyers should consider these variations when looking at properties, as some districts may offer better investment opportunities than others.
Understanding these trends can help potential buyers make informed decisions. The overall market growth, despite some fluctuations, indicates a positive outlook for property investments in Prague.
Sources: ISG – Investment Solutions Group, Deloitte Real Index
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6) Land prices in Prague’s suburbs rose by 6-7% in 2024 due to new infrastructure projects
In 2024, land prices in Prague's suburbs appreciated by 6-7% due to new infrastructure projects.
These projects, like the construction of metro line D and new tramway lines, were part of Prague's action plan for mobility from 2024 to 2026. The goal was to make the suburbs more accessible, reducing traffic congestion and improving public transportation. This made the area more attractive to potential buyers.
When new infrastructure is introduced, it often leads to increased demand for nearby properties. People are generally willing to pay more for the convenience of improved transportation options. This increased demand can drive up land prices, as more individuals and businesses look to invest in areas that are becoming more connected and easier to reach.
Additionally, the Czech real estate market, including Prague, showed resilience in 2024. For instance, in June 2024, Prague's property market rebounded strongly with prices surging by 4.1%. This overall positive trend in the real estate market likely contributed to the appreciation of land prices in the suburbs, as the entire region experienced growth and increased interest from buyers.
These infrastructure projects and the real estate market's resilience have made Prague's suburbs a hot spot for investment. The improved connectivity and accessibility have not only attracted potential homeowners but also businesses looking to capitalize on the growing demand.
As a result, the suburbs are becoming more vibrant and dynamic, offering a blend of urban convenience and suburban tranquility. This transformation is making them an appealing choice for those looking to invest in property outside the city center.
Sources: Dnoviny, Prague Daily News
7) Eco-friendly housing developments made up 12% of new projects in Prague in 2024
In 2024, eco-friendly housing developments accounted for 12% of new projects in Prague.
This shift towards sustainable living is evident in projects like Modřanský cukrovar, Prague's first blue-green district. This innovative area focuses on sustainability and community, aiming for a high BREEAM certification, which is a global standard for sustainable buildings.
Another standout is the "Habitat" project in Malešice, designed by Chapman Taylor. This development features energy-efficient elements such as rainwater retention, greywater recycling, and solar panels, showcasing Prague's commitment to eco-friendly urban living.
These projects are part of a broader trend in Prague, where urban living is being redefined with a focus on sustainability. The city is embracing innovative designs that not only benefit the environment but also enhance community life.
Prague's commitment to sustainability is further highlighted by its efforts to integrate modern design with eco-friendly practices, setting a benchmark for future developments.
As more projects like these emerge, Prague is positioning itself as a leader in sustainable urban development, attracting those interested in eco-conscious living.
Sources: Expats.cz, Chapman Taylor
8) Solar-powered properties in Prague appreciated by 8% in 2024
In 2024, properties in Prague marketed as "solar-powered" appreciated by 8%.
This rise is linked to the efforts of companies like Zeus Technics, which have been instrumental in spreading solar technology across the Czech Republic. They offer advanced systems like SolarEdge and VICTRON, tailored for larger residential buildings, and provide consultations and installations, making solar adoption easier for homeowners.
A notable example is a Zeus Technics case study on a modern family home in Prague. The home used a 10 kWp solar panel system that not only met the household's energy needs but also supported electric vehicle charging. This practical demonstration of solar energy's benefits likely spurred more homeowners to consider solar power, increasing demand for solar-equipped properties.
The European Union's push for decarbonization and clean energy technologies also played a significant role. The EU's emphasis on sustainable living solutions made solar-powered properties more attractive, as they align with environmental goals and offer potential energy savings.
These factors combined to create a favorable environment for solar-powered properties, leading to their increased value. The trend reflects a growing awareness and adoption of sustainable energy solutions in the real estate market.
As more homeowners recognize the benefits of solar energy, the demand for such properties is likely to continue rising, driven by both economic and environmental incentives.
Sources: Zeus Technics, Zeus Technics Case Study, European Commission
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.