Moderate yields in Prague

Last Updated: Aug. 15, 2019
PRAGUE - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
Prague 1 60 sq. m. 401,298 1,050 3.14% 6,688 17.51
Prague 2 60 sq. m. 290,951 954 3.93% 4,849 15.89
Prague 3 60 sq. m. 220,650 870 4.73% 3,678 14.51
Prague 4 60 sq. m. 187,294 641 4.11% 3,122 10.68
Prague 5 60 sq. m. 215,120 775 4.32% 3,585 12.91
Prague 6 60 sq. m. 209,049 671 3.85% 3,484 11.19
Prague 7 60 sq. m. 247,725 763 3.69% 4,129 12.71
Prague 8 60 sq. m. 218,151 734 4.04% 3,636 12.24
Prague 9 60 sq. m. 182,807 637 4.18% 3,047 10.62
1Prague 10 60 sq. m. 196,276 670 4.09% 3,271 11.16
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Notes: The high-end neighborhoods in Prague are located in Prague 1 (Josefov, Mala Strana, Nove Mesto, Stare Mesto) , Prague 2 ( Nove Mesto, Vinorhady) , Prague 5 (Smichov) and Prague 6 (Dejvice)
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Prices of houses and apartments in the Czech Republic have rise strongly since 2014, according to Czech National Bank statistics - but these price rises have now paused. Wonderfully beautiful Prague is quite an expensive city in which to buy property:

How much will you earn? It very much depends on the location of your apartment. Rental yields in Prague 1 are quite weak, at around 3.2% on a 60 square metre apartment. In Prague 5 you can earn 5.3%.

Conclusion: Prague yields are moderate, at the moment!

Round trip transaction costs are moderate to high in the Czech Republic. See our Czech Republic transactions cost analysis and our Czech transaction costs compared to other countries.