house buying eu logo

czech flag Czech Republic

Hotspots

Prague

Prague is located on the banks of the Vlata River and is considered to be one of the most beautiful of European cities. When one couples this to the comparative low cost of living when compared with Western European standards it is not hard to understand why Prague has seen property prices rise by up to 100% over recent years. For this reason the average house price in Prague is between €230,000 - €360,000.

The most expensive area of Prague is Prague 1 (central Prague). This is where space is of a premium and you will find most of the high specification apartments often associated with city living. Moving further outside the city centre, Prague 2 is considered to be an attractive residential area as is Prague 6 and 7 and you may be able to find a bargain in the quickly regenerating Prague 10.

Due to the desirability of living in the city, the rental market is strong in Prague (although rental pricing has dropped by approximately 5% in the last year) and you should expect to pay €700 - €880 per week for renting a two bedroomed apartment.

Brno

Brno is the Czech Republic’s second largest city located in the south eastern side of the country with a population of approximately 400,000. It is a cosmopolitan city with a strong café culture, which is accentuated by a large number of corporates.

Housing is substantially cheaper to buy than in Prague and you could expect to receive a rental return of roughly 8%. Although you should take note that rental income is subject to corporate income tax. Due to the fact that the city is a corporate centre, it is possible to rent properties to professional individuals and during trade fairs demand for rental properties can be high.

Brno will offer a more authentic example of Czech living than the tourist focused Prague and the infrastructure is good for both local travel and visiting Austria, Hungary and Germany.

| Back to Top | Home | About Us | Site Map | Privacy Policy | Contact Us | ©2007 housebuying.eu |