A multi-year review of apartment and house price trends in Prague over the 2016-2026 decade
Just a short flight away from many major international hubs lies Prague, the capital of the Czech Republic. Prague is one of the most visited cities in the world, filled with magnificent treasures from a wide range of historical periods, but many tourists flock to it primarily for its ever-present romantic atmosphere.
In Prague, you can purchase property for a wide variety of purposes: residential living, short- or long-term rental investment, or commercial use at relatively affordable prices. This is especially true given the relative stability of real estate prices in Prague, which was maintained even during the height of the economic crisis in Europe. Between 2015 and 2024, there were price increases all over the city, but due to the severe housing shortage that intensifies the closer you get to the city center, prices are expected to continue to rise.
To many who have visited, Prague is one of the most beautiful cities in the world, where centuries-old houses stand alongside newly built modern buildings. The city is divided by the Vltava River. To its east lies the Old Town of Prague with its tall spires, churches, alleys, and, of course, the Jewish Quarter, which has been preserved exactly as it was before World War II, housing ancient synagogues and many Jewish institutions.
Many investors who sought to hold income-producing properties about a decade ago found a convenient and suitable destination for investment in Prague due to the relative security of finding tenants throughout all seasons of the year. Since Prague also serves as the financial and academic center of the Czech Republic, there is a constant influx of young people coming to live and work in the city. The investors who arrived in droves drove up property prices in the city, to the point where today there are areas in Prague where apartment prices are equal to those in Paris, Berlin, and even London.
Prague is currently in a situation where purchasing a new apartment requires 15 gross annual salaries. This figure makes Prague the third least accessible city for housing in Europe, just behind Amsterdam and Athens. This trend strengthens the rental market, which in 2025 is reaching record prices in Prague. Prague is approaching the level of Western metropolitan areas, where owning an apartment is a privilege reserved for the highest top percentiles.
Generally speaking, today, in the residential neighborhoods of Prague, you can find properties that yield a 3-4% annual return, whereas in the Old Town, apartments rented to tourists via Airbnb or Booking.com will generate a return of 6-8% per year.
The housing culture in the Czech Republic might differ from what many international buyers are accustomed to. Generally, the most common apartments on the market are one-room or two-room apartments, which together make up about 75% of all available properties. The size of one-room apartments ranges from 20 to 35 square meters, and two-room apartments range from 40 to 60 square meters.
Overview of Average Prices per Sqm by Districts in Prague (in CZK) by Year
| District | Neighborhoods | Q4 (2016) | Q4 (2018) | Q4 (2024) | Q4 (2025) |
|---|---|---|---|---|---|
| Prague 1 | Old Town, Josefov, Malá Strana | 114,500 | 145,500 | 194,400 | 217,700 |
| Prague 2 | Vyšehrad, part of Vinohrady and New Town | 87,600 | 102,300 | 177,000 | 198,200 |
| Prague 3 | Žižkov, part of Vinohrady | 62,800 | 79,500 | 155,500 | 174,100 |
| Prague 4 | Nusle, Podolí, Michle, Krč | 56,000 | 71,500 | 129,500 | 145,000 |
| Prague 5 | Smíchov, Košíře, Barrandov | 67,400 | 79,200 | 148,300 | 166,000 |
| Prague 6 | Dejvice, Bubeneč, Břevnov | 66,600 | 83,800 | 144,300 | 161,000 |
| Prague 7 | Holešovice, Bubeneč | 72,300 | 91,700 | 164,500 | 184,200 |
| Prague 8 | Karlín, Libeň, Bohnice | 61,900 | 76,200 | 134,400 | 150,500 |
| Prague 9 | Vysočany, Prosek, Hloubětín | 54,600 | 71,500 | 122,200 | 136,800 |
While we have provided several examples of apartments in Prague and their prices in this article, as in any field, the sky is the limit, and everything can change depending on the condition of the apartment, its maintenance, the maintenance of the building, and more. In beautiful Prague, you can buy not only apartments but also entire buildings, commercial spaces, shops, and stalls. When it comes to apartments, it is advisable to decide on the desired proximity or distance from the city center, secure a budget, and start checking suitable properties.
Furthermore, it is highly recommended to dedicate a little time to read our guide to buying property in the Czech Republic/Prague and see examples of hot deals here. If you wish to consult with us on various real estate matters in the Czech Republic, you are welcome to contact us here, or leave your details in the form below:
