Property in Prague and the suburbs

Prague is the capital of the Czech Republic and one of the most beautiful cities in Europe. Every year many tourists come here to walk through the ancient streets, enjoy the beautiful scenery, to have a cup of aromatic coffee in a cozy little coffee house. Prague is considered the best city for living in Central Eastern Europe, leading in many respects in the most prestigious ratings. Here are the most popular higher education institutions, highly developed infrastructure and production. The climate is mild, moderate, which makes living in the Czech capital even more comfortable.

The real estate market in Prague is one of the most dynamic in Europe. During the past year, the cost of apartments has increased by 20%. Despite this, prices for the purchase of housing are still available in comparison with the rest of the European regions. Citizens of the Czech Republic can use 100% mortgage loans with a rate of 1.8% per annum. Due to such favorable conditions, sales statistics show the maximum demand for housing loans.

The most popular today in the real estate market in Prague is a one-bedroom apartment with a kitchen, combined with a living room. The average area of the apartments is 70 square meters. Priority for foreigners is considered to be Prague 5 and 6, as they are remote from the airport, the Prague ring road and the D5 highway. Popular is the central region of Vinohrady with a well-developed infrastructure.

The average cost of apartments in a new building in Prague is from 2600 euros per 1 sq. Km. M. The most expensive option is 5,800 euros in a premium class high-rise located in the Prague 1 area. You can rent an apartment with two bedrooms at an affordable price of 13,000 CZK per month, which is approximately 490 euros.