PROPERTY PRICES IN PRAGUE KEEP CLIMBING: THE CITY GROWS INCREASINGLY UNAFFORDABLE
In the first quarter of 2025, Prague’s property market continues its steady and steep ascent, making it increasingly difficult for new residents and locals alike to find affordable housing. According to a detailed analysis by the Czech real estate platform Sreality.cz, both rental and purchase prices have risen sharply. The average rent per square meter now stands at CZK 380, which means an average 70-square-meter apartment would cost CZK 26,600 per month. The highest rent increases were observed in Prague 7 and Prague 4 both districts that have seen substantial growth in popularity due to their location, amenities, and transportation links. On the sales side, the market is equally dynamic. The median apartment sale price has reached CZK 9.19 million, reflecting a year on year increase of 16%. This surge is driven by a consistent demand for housing in Prague, spurred on by economic growth, urban development, and a steady inflow of domestic and international professionals looking to settle in the Czech capital.
Where you can still find affordable rentals: focus on Prague 4 and 9
Despite rising prices, not all districts in Prague are unaffordable yet. The analysis from Sreality’s data analyst Štěpán Matějka indicates that Prague 4 and Prague 9 remain the most budget friendly options for renters. In both districts, the median rental price for a 70-square-meter apartment hovers around CZK 24,850 per month. Prague 4 includes neighborhoods like Nusle, Krč, and Braník, which offer a balance of green spaces, good public transport, and a mix of older panel buildings and newer developments. These older panelák structures from the socialist era increase housing supply and help keep rent prices comparatively low. Similarly, Prague 9, which covers parts of Libeň, Vysočany, and Prosek, is home to large housing estates like Jižní Město one of the largest residential complexes in Central Europe. These areas are well connected by metro lines B and C, making them attractive to commuters and families looking for more space without the exorbitant price tags seen in central Prague. For students, young professionals, or newcomers seeking a foothold in the city, these districts offer a practical compromise between cost and convenience.
Buying property in Prague: where to look if you’re on a budget
If you’re considering buying instead of renting, there are still some districts where prices remain relatively reasonable. The most affordable district for purchasing a property is Prague 8, which includes Karlín, Bohnice, and Ládví, with a median asking price of CZK 8.28 million. Karlín is increasingly popular among young professionals for its trendy cafes, coworking spaces, and renovated loft apartments, while Bohnice offers a quieter, greener lifestyle. Prague 4 and Prague 9 also emerge as strong contenders for buyers, both offering median apartment prices around CZK 8.5 million. These areas are undergoing urban revitalization and benefit from good infrastructure, schools, healthcare facilities, and access to nature. According to Matějka, these three districts represent some of the best value for money currently available in the city. As Prague expands and gentrification spreads beyond the historical center, these outer zones are increasingly appealing for families and mid level investors. Buying in these districts is seen not only as a smart financial move but also as a long-term investment in neighborhoods with rising livability and quality of life.
Central districts off-limits for most: where not to look if you’re on a tight budget
If you’re working with a limited budget, you can cross off central districts like Prague 1, 2, and 7 right away. These areas have the highest rents and property prices in the entire city. Prague 1, home to the Old Town and the historic heart of the capital, leads the list with an average rent of CZK 33,810 per month. Prague 2, which includes Vinohrady and parts of Nové Město, follows closely with CZK 33,600. Even Prague 7, often considered a hip and upcoming district due to Holešovice, still commands an average monthly rent of CZK 32,760. In terms of property purchases, Prague 1 remains the most expensive, with a median sale price of CZK 11.8 million. Curiously, buying an apartment in Prague 7 now costs more than in Prague 2, illustrating the area’s transformation. According to analyst Hana Kontriš, prices are expected to rise another 5% in 2025, especially for well-designed apartments near metro lines. She also points out that certain groups such as seniors, single parents, and low-income earners are increasingly struggling to find housing in the capital. In this context, acting swiftly and focusing on emerging districts like Prague 4, 8, and 9 may be the key to securing housing before prices climb even further.
Sources: https://www.expats.cz/
