Prague is connected by many direct flights to various Russian cities. Direct flights from Moscow to Prague are served by Aeroflot and Czech Airlines, from St. Petersburg - Russia and Czech Airlines, from Yekaterinburg and Nizhny Novgorod – Ural Airlines and Czech Airlines, from Kazan – Tatarstan, from Krasnodar – Yakutia, from Novosibirsk – S7, from Perm – "Tatarstan", from Samara, Rostov and Ufa – Czech Airlines.
You can also get from the capital of Russia to Prague by train – the journey time will take about 32 hours.
Prague real estate market
In the period from 1990 to 2000, investments in the Czech housing market were quite profitable, prices for some properties almost doubled. In Prague, the most popular destination for real estate investments among other regions of the Czech Republic, the flow of foreign investors grew thanks to a well-established mortgage lending system and low interest rates.
The annual increase in real estate prices in 2006 in the Czech Republic was about 9%, and in Prague, the cost of objects, especially in the city center, increased by almost 20%. In 2007-2008, the growth rate in the capital continued to increase, but then came a period of gradual decline, and the Czech housing market switched to the buyer's side.
In 2008, in the Czech Republic, as in other European countries, there was a financial crisis, which greatly affected the indicators of the country's real estate market – the demand for housing, especially from foreigners, began to decline. In 2008-2009, the activity of foreign buyers in the Prague real estate market was still high, but in 2012 the Czechs themselves accounted for the bulk of buyers. In 2012, there was a slow but steady decline in the housing market of the Czech capital. Prices fell by about 5%, and for luxury properties – by 10%.
Location relative to the center Prague, convenient transport accessibility, as well as the level of infrastructure development of the area largely determine the value of real estate in the city. In Prague, residential real estate costs an average of 2,000 euros per sq. m., and the average cost of luxury properties located in the central districts of Prague can reach from 3,500 euros to 6000-8000 euros per sq. m.
Foreigners buying housing in the center of Prague, as a rule, focus on short-term rental to tourists. Owners of such housing can expect an income of 5-6% per year. So monthly rent of a small apartment in the center of Prague will cost about 700 euros per month, with an area of 100 sq. m. m – 1750 euros, and 120 sq. m. m – 2000 euros per month.
Offer
Geographically, Prague can be divided into several administrative districts. In the central districts, as well as in areas close to the center, the cost of housing is relatively higher.
Prague-1 is the historical and business district of the city, it is the most prestigious place to buy a home. This includes the Old Town, the New Town, the Small Country, Hradcany, where the Prague Castle is located. There is no place for construction in the center of Prague anymore, so it is almost impossible to find new housing here. In historical buildings near the Charles Bridge, the cost per square meter is 4000-8000 euros.
The Prague-2 and Prague-3 districts are located near the center and are considered no less prestigious. The Vinohrady district, Visegrad and part of the New Town are located in Prague-2. New properties in this part of the city can be purchased on average from 230,000 euros, in the secondary market housing costs from 180,000 euros. In Prague-3, real estate prices are relatively lower and reach 180,000 euros for a new object and 150,000 euros for an object on the secondary market.
Prague-4 and Prague-5 are quite spacious areas that are conveniently located from the center, and the cost of housing here is much lower than in the neighboring districts of Prague-2 and Prague-1. Average prices in the Prague-4 area are about 2200 euros per sq. m. In Prague-5, you can find many new objects in the primary housing market. In the districts of Prague-5,8,9,10, you can buy real estate in a new building for an average of 2,000 euros per sq.m, and in the secondary market - for 1,500 euros per sq.m.
In the north-western part of the capital of the Czech Republic there are Prague-6 and Prague-7 districts, which are built up with old brick mansions and villas, as well as family houses. To buy a home in this area, foreigners usually choose such neighborhoods as Orekhovka, Bubenech, Hanspaulka, Nebusice, as well as Letna and Goleshovice. In Prague-6, housing costs about 3,500 euros per sq. m, and in Prague-7 – 3,000 euros per sq. m.
Such districts as Prague-8, 9 and 10 are located in the north-east and east of the city and are already considered peripheral, therefore, real estate prices here are almost twice as low relative to the central districts. A studio apartment on the secondary market in Prague in residential areas costs from 70,000 euros.
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