Property prices in Prague continue to rise. If you want to buy or rent a flat, you’ll have to dig deeper into your pockets than a year ago. Purchase prices are increasing particularly steeply – by as much as a quarter in some neighbourhoods. However, there are still districts where housing remains comparatively affordable.
Prices for older, medium-sized flats have risen across Prague and in all ten city districts compared to the previous year. In the first quarter of 2025, people in the Czech capital paid an average of 16 per cent more for a condominium than in the same period last year. Rents also increased – by around nine per cent.
This is shown by current data from the property portal Sreality.cz: according to the figures, the average purchase and rental prices of flats on offer in the first quarter of 2025 were higher in all ten districts than in the previous year. “Sales prices have risen faster than rents in all districts,” explains Štěpán Matějka, data analyst at Sreality.cz.
Purchase prices: Prague 7 records the strongest increase, the cheapest place to buy is Prague 8
The median price for flats for sale in Prague was CZK 131,382 per square metre – a year-on-year increase of 16 per cent. Flats in Prague 7 saw the most significant price increases, with prices climbing by around 25 per cent within a year. In Prague 10, they rose by 18 per cent; in Prague 9 and 2, by 17 per cent each.
The lowest median price was recorded in Prague 8, where the average price per square metre was CZK 118,174. “The price differences between the city districts are sometimes considerable,” says Matějka. “In addition to Prague 8, I would also recommend Prague 4, where the median price is CZK 121,429, and Prague 9, at CZK 122,560 per square metre.”
Rents are also rising – but more moderately
Rents rose by an average of 9 per cent in the first quarter of 2025. The median price was CZK 380 per square metre. The highest increases were in Prague 7 and Prague 4 – both up 12 per cent. Nevertheless, Prague 4 and Prague 9 are still among the most affordable rental locations: the median price in both districts is CZK 355 per square metre.
If you’re looking for an affordable flat to rent or buy, you can safely cross Prague 1, 2 and 7 off your list – the flats here are the most expensive, especially those with a good layout and underground connections.
It is becoming increasingly difficult for certain groups to find affordable housing in the capital. This is particularly true for pensioners and single mothers. However, many remain tied to Prague – older people, for instance, due to relatives who can support them, and single parents because of better career prospects. The situation is becoming ever more challenging for them.
