Prague's flats more and more expensive

Flats in Prague belongs to the cheapest ones in comparison to other metropolitan cities. In most cases the buyers can buy a flat in Prague several times cheaper then in the west Europe. It is expected that the prices of the flats, especially in the centre of Prague, will rise enormously in the next few years. Since 2002 the flats in Prague has already doubled.

Nevertheless, the prices of luxurious flats in Prague are very similar to those in other metropolises. The most expensive flat in Vodickova street in the centre of Prague cost 230 000 CZK per square meter. For a flat in Paris near the Invalides and Eiffel Tower you pay about 224 000 CZK per square meter.

The number of flats in the centre of Prague is limited and the demand is already higher than the supply. Prague is a very attractive location in Europe and lots of foreign buyers want to invest here. They are not discouraged by the fact that there are not enough parking places in the centre.