Foreigners earn money from renting flats in Prague

According to some estate agencies, foreign people are interested in buying flats in Prague, especially in the centre and other attractive localities in Prague which have good accessibility to public transport. They are willing to pay up to 5 million Czech crowns. They are interested mainly in small- and medium-sized flats.

The people see it mostly as a good investment, as they rent the flats for market prices from 15,000 to 45,000 CZK. Russian people pay mostly in cash, other foreign people prefer mortgages. In many cases, the rent from the flats pay the instalments.

There is a lack of municipal flats with rent control, which increases the market prices of other flats in Prague. The market prices of flats in Prague are several times higher than municipal houses with rent control.

Hostel Abacus, Prague

Hostel located in the heart of history. All major tourist atractions are in touch!

Hostel Albertov, Prague

Quiet place close to the centre. Single room 18 €, triple room 11 €.

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