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
Where are the best places to invest in Prague right now? Is the historic center still the top pick, or are neighborhoods like Vinohrady, Karlin, and Smíchov gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with real estate agents, developers, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Prague and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Dejvice is popular for its closeness to international schools and embassies, attracting expatriates
Dejvice is a hotspot for expatriates because it's close to international schools and embassies.
Families moving to Prague often choose Dejvice for its educational options, like the British International School, which has high enrollment numbers. This shows a strong demand for quality education, a top priority for expat families.
Property prices in Dejvice are climbing, indicating its growing appeal. Both buyers and renters are keen on this area, especially those wanting to be near international schools and embassies. The rental market is buzzing, with reports highlighting its popularity among foreign nationals.
Dejvice's location near embassies and diplomatic missions is a big draw. It's super convenient for expats working in these places or needing frequent visits. Expat-focused surveys often rank Dejvice highly, even if Prague doesn't top the 2024 InterNations Expat City Ranking.
Living in Dejvice means you're in a community that understands the needs of international families. The neighborhood's vibe is welcoming, with plenty of amenities catering to a global crowd. Local cafes and shops often have staff who speak multiple languages, making daily life easier for newcomers.
For those considering a move, Dejvice offers a blend of convenience and community. It's not just about location; it's about lifestyle. The area is known for its green spaces and cultural events, providing a balanced life for families and professionals alike.
Sources: ETIAS, InterNations
2) Smíchov is gaining attention for its major redevelopment projects and enhanced transport links
Smíchov is buzzing with property interest right now.
One big reason is the massive Smíchov City project, which is the largest redevelopment in Prague's modern history. It's turning the area around the Smíchov railway station into a lively mix of homes, shops, and public spaces. This transformation is set to wrap up by 2032, but it's already catching the eye of buyers and investors.
Transport is another game-changer here. Smíchov has seen major upgrades in metro and tram lines, making it super accessible. This improved connectivity is not just convenient; it's expected to boost property values, making Smíchov a hot spot for living and working.
Office space demand in Prague is climbing, and Smíchov is a top choice. Companies are on the hunt for modern office spaces, especially around the Masaryk railway station. This thirst for commercial space is adding to the buzz around Smíchov properties.
Media attention is also shining a spotlight on Smíchov as a rising star. This coverage is pulling in more potential buyers and investors, adding fuel to the property interest fire.
With all these elements—redevelopment, transport, office demand, and media buzz—it's no wonder Smíchov is becoming a property investment hotspot.
Sources: CZGBC, 108 Real Estate, PS Group
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) Vinohrady is thriving with its beautiful architecture and strong rental demand
Vinohrady is a hot spot for those looking to rent in Prague.
With its stunning Art Deco architecture and lush parks, Vinohrady has been a favorite in media reviews for years. The district's charm is undeniable, drawing in both locals and newcomers who appreciate its unique blend of history and modernity.
In 2024, real estate surveys confirmed Vinohrady as a top choice for tenants, thanks to its beautiful buildings and modern amenities. Its location near the city center makes it a convenient pick for expats and young professionals who want to be close to the action.
Vinohrady's low vacancy rates set it apart from other Prague districts. This is largely due to its prime location and the ongoing gentrification that keeps the area vibrant and desirable.
Even with potential drops in mortgage rates, the demand for rentals in Vinohrady remains high. The supply just can't keep up, leading to consistently high occupancy rates.
Sources: Expats.cz, Taste of Prague
4) Žižkov is gaining interest for its affordable prices and potential for property appreciation
Žižkov is quickly becoming one of Prague's most desirable neighborhoods due to its affordable property prices and potential for appreciation.
In recent years, the number of property transactions in Žižkov has surged, with a noticeable increase in sales of new flats and development projects. This uptick shows a growing interest in the area, largely because property prices here are lower compared to other parts of Prague.
Real estate agencies are buzzing about Žižkov, calling it an emerging hotspot. The area is transforming with new infrastructure projects, like extended tram lines and the renovation of historic sites. These changes are not only enhancing the area's charm but also boosting its long-term value, making it more appealing to investors.
The rental market in Žižkov is also thriving, with rental yields on the rise. The area is attracting young professionals and students, contributing to its gentrification. This demographic shift, combined with Žižkov's vibrant lifestyle and excellent transport links, is making it a magnet for both residents and investors.
Žižkov's proximity to trendy neighborhoods like Vinohrady adds to its allure. The area's unique blend of old-world charm and modern amenities is drawing in a diverse crowd, eager to be part of its dynamic community.
With its ongoing development and strategic location, Žižkov is poised for continued growth, offering a promising opportunity for those looking to invest in Prague's real estate market.
Sources: Prague Daily News, Expats.cz, Global Property Guide
5) Bubeneč is attracting investors with its green spaces and high demand for luxury apartments among diplomats
Bubeneč, a charming part of Prague, is nestled in a city where 56% of the area is lush with greenery.
This abundance of green spaces makes Bubeneč a magnet for diplomats and expatriates who crave a serene environment. The neighborhood's leafy streets and parks offer a slice of tranquility amidst the bustling city life.
Home to a high concentration of embassies and international organizations, Bubeneč is a prestigious and secure location that naturally draws diplomatic missions. This has led to a growing demand for luxury apartments, catering to those who seek both comfort and status.
The residential rental market in Prague, including Bubeneč, is thriving, with prices reaching pre-pandemic highs. This trend highlights the robust demand for upscale living spaces, particularly among the international community.
Investing in real estate in Prague, especially in sought-after areas like Bubeneč, promises attractive returns. For instance, a property here could yield an IRR of 17.77% over five years, making it a lucrative opportunity for investors.
Real estate agents often emphasize Bubeneč's appeal to diplomats and expatriates, thanks to its combination of green spaces, security, and prestige. This makes it an ideal choice for those seeking high-end housing in a prime location.
Sources: Visit Czechia, SmartCap Group, Engel & Völkers
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6) Holešovice is gaining attention for its trendy vibe and high rental yields, appealing to young professionals
Holešovice is a hotspot for investors, thanks to its trendy vibe and high rental yields.
In recent years, property prices in Holešovice have been climbing, fueled by a surge in demand for residential properties and the rise of eco-friendly urban projects. This has caught the eye of both residents and investors eager to tap into the area's growing allure.
Rental yields here are notably higher than in other Prague districts, largely because young professionals are flocking to the area. They're drawn by the urban lifestyle and modern amenities, making Holešovice a top choice for this crowd.
The area is buzzing with new businesses and amenities, adding to its trendy atmosphere. Take Port7, for example—a mixed-use complex that's become a focal point with its shops, restaurants, fitness center, and public park. This development, along with the new riverside promenade, has been widely covered in the media, highlighting Holešovice as a cultural and lifestyle hub.
Young professionals are particularly attracted to Holešovice, thanks to its trendy amenities and co-working spaces. These features enhance its appeal, making it a preferred choice for this demographic.
With its vibrant atmosphere and high rental yields, Holešovice is a magnet for those looking to invest in a lively and promising area.
Sources: Skanska, Property Forum
7) Karlín is booming with rapid gentrification and tech companies driving property values up
Karlín is now a prime spot for real estate, thanks to its rapid gentrification and the tech boom.
In recent years, property prices in Karlín have surged, with new apartments in Prague going for over 90,000 CZK per square meter, marking a nearly 40% increase. This is largely due to the influx of tech companies, which are pushing property values higher.
The arrival of tech firms has turned Karlín into a major tech hub, attracting young professionals and expatriates. This demographic shift is evident in the high demand for small-size apartments, appealing to both locals and foreigners.
New developments like Byty nad Krocínkou III and Nový Rohan are reshaping the area. These projects are part of a broader effort to transform places like Rohanský Island, enhancing Karlín's appeal for residents and investors alike.
With its trendy vibe and strategic location, Karlín is becoming a magnet for those seeking a vibrant lifestyle. The area's transformation is undeniable, making it a top choice for property buyers.
Investors are keen on Karlín, seeing it as a lucrative opportunity. The combination of tech influence and urban renewal is driving this interest, positioning Karlín as a hotbed for real estate activity.
Sources: Property Forum, Expats.cz, MSCI Real Estate in Focus 2025, Luxent.cz
8) Letná is gaining popularity for its vibrant cultural scene and growing co-working spaces attracting young entrepreneurs
Letná is buzzing with a vibrant cultural scene and a surge in coworking spaces, drawing in young entrepreneurs.
By early 2023, Prague boasted nearly 110,000 m² of modern office space, with Letná being a hotspot. This boom is largely thanks to tech and consultancy firms snapping up shared spaces. Expect to see more niche coworking spots in Letná, perfect for tech startups and creative minds, offering unique perks and experiences.
Letná's charm isn't just about workspaces. The area comes alive with events like Letní Letná, an international festival of new circus and theater held in Letná Park. This festival is a magnet for young professionals, offering performances, art workshops, and creative activities.
With its mix of culture and innovation, Letná is a magnet for the young and ambitious. The neighborhood's appeal is further boosted by its vibrant community and the promise of more coworking spaces tailored to specific industries.
As more young professionals flock to Letná, the area is becoming a hub for creativity and collaboration. The combination of cultural events and modern workspaces makes it an ideal spot for those looking to blend work and play.
Letná's transformation into a cultural and entrepreneurial hub is a testament to its dynamic environment. The neighborhood continues to attract those seeking a lively and inspiring place to live and work.
Sources: FM Newsroom, Visit Czechia, Unita Club
We have made this infographic to give you a quick and clear snapshot of the property market in the Czech Republic. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Nusle is attracting interest with its affordable property prices and growth potential as infrastructure improves
Nusle is catching eyes for its affordable property prices compared to other Prague districts.
In 2023, property prices in Prague soared, but Nusle remained a budget-friendly choice, attracting both investors and residents. This neighborhood is not just about affordability; it’s about potential. With its excellent transportation links, Nusle is well-connected to the city center via tram lines and the metro C line. Ongoing infrastructure upgrades are making roads and sidewalks more modern and accessible, and a new tram line is set to further enhance public transport in the area.
Real estate investors are increasingly eyeing Nusle, drawn by its rising socioeconomic status and growing demand for apartments. The potential for high rental yields is a big draw, and with Czech Republic banks offering up to 80% financing, it’s a lucrative opportunity. Nusle’s charm lies in its blend of affordability and growth potential, making it a smart choice for those looking to invest in Prague’s real estate market.
Sources: Czech Statistical Office, Prague Morning, Conbiz, Prague Daily News
10) Stodůlky is gaining interest for its modern residential complexes and expanding business parks
Stodůlky is quickly becoming a hot spot for property buyers, thanks to its modern residential complexes and expanding business parks.
In recent years, property prices in Stodůlky have surged, drawing in real estate investors eager to capitalize on the area's growth. The demand is largely fueled by projects like the Arcus City urban residential project, known for its modern design and top-notch infrastructure.
Families and young professionals are particularly drawn to Stodůlky, with developments like VILY STODŮLKY JIH offering contemporary minimalist homes that are both spacious and conveniently located near the Metro B-Line Station.
The expansion of business parks in Stodůlky is not just about buildings; it's about creating jobs and boosting the local economy, which in turn makes the area even more attractive to potential residents.
Stodůlky's excellent public transportation, especially its proximity to the Metro B-Line Station, ensures easy access to central Prague, making daily commutes a breeze for its residents.
With new amenities like green spaces, cafes, and fitness centers popping up, Stodůlky is enhancing the quality of life for its residents, making it a desirable place to live and work.
Sources: VILY STODŮLKY JIH project
11) Vysočany is gaining attention with new residential projects and better public transport links
Vysočany is quickly becoming a real estate hotspot in Prague.
One of the main reasons is the surge in residential development projects. Take the Vysočanský Mlýn Project, for instance, which kicked off its next phase in October 2024, offering 42 top-notch apartments with all the modern comforts you could want. Then there's the Rezidence Klíčov, which adds 54 stylish apartments to the mix, designed with a modern flair and beautiful landscaping, appealing to a wide range of people.
Another big draw for Vysočany is the improved public transport. While we don't have the nitty-gritty on new metro lines, Prague's overall trend is towards better connectivity, making Vysočany easier to reach. This is part of a larger urban plan to turn old industrial sites into vibrant residential areas, which only adds to the neighborhood's charm.
Despite a general slowdown in the Czech real estate market, Vysočany is bucking the trend. The average price of apartments in Prague saw a slight uptick in early 2023, but Vysočany developments are commanding even higher prices thanks to their quality and prime location. This shows there's a strong demand for new apartments here, with sales numbers hitting their highest since 2021, signaling a growing interest from buyers.
For those considering a move, Vysočany offers a unique blend of modern living and convenience. The area's transformation is not just about new buildings; it's about creating a community where people want to live. With its strategic location and ongoing developments, Vysočany is poised to become one of Prague's most sought-after neighborhoods.
Sources: Global Property Guide, Vysočanský Mlýn, Property Forum, Expats.cz
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.