Prague, Czech Republic
Property prices · 2024 · Europe
Property price trend in Prague (2024–2026)
Property comparison — cities in Czech Republic (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Prague |
|---|---|---|---|---|
| Prague | CZK 120,000 | CZK 82,000 | CZK 25,000 | — |
| Brno | CZK 70,000 | CZK 48,000 | CZK 14,000 | -41.7% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Prague in 2024?
In Prague, the average price per sqm in the city centre is CZK 120,000, and CZK 82,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Prague in 2024?
A 1-bedroom apartment in Prague rents for approximately CZK 25,000 per month in 2024. A 3-bedroom apartment costs around CZK 42,000/month.
Is it better to buy or rent in Prague?
Buying and renting are roughly comparable in Prague. The price-to-rent ratio is 19.0x — it would take approximately 19.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.80%.
What are mortgage rates in Czech Republic in 2024?
The average mortgage rate in Czech Republic is approximately 5.80% as of 2024. With a price-to-rent ratio of 19.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Prague?
The average property price per square metre in Prague city centre is CZK 120,000 in 2024. Outside the centre, expect to pay around CZK 82,000/sqm.