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Real Estate in Prague, Czech Rep | Expat Exchange
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Prague, Czechia

Real Estate in Prague

By Betsy Burlingame

Last updated on Jun 05, 2023

Summary: The average cost of a nice 2 bedroom home in Prague, Czech Rep is around $400,000 USD. A nice 3 bedroom home in Prague is around $500,000 USD. These properties typically include modern amenities such as central heating, air conditioning, and modern appliances. Foreigners are allowed to purchase property in Prague, however, they must obtain a permit from the Ministry of Interior. When searching for a home to buy in Prague, an expat should consider their budget, desired location, and amenities. It is also important to research the local real estate market and consult with a real estate agent. The most desirable neighborhoods in Prague include Vinohrady, Mala Strana, and Hradcany. These areas are known for their beautiful architecture, vibrant culture, and convenient access to public transportation.

Urban Address Prague
Urban Address Prague
Urban Address Prague
Urban Address Prague

How do I find a place to live in Prague?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Before diving in, take a moment to consider your priorities. Location: Do you like the buzz of the city center, or prefer a quieter neighborhood? Proximity to work, schools, or public transport might be crucial factors. Size and Style: A cozy studio, a spacious family apartment, or a historical flat with character? Define your ideal living space. Budget: Research average rental prices in your preferred areas to set realistic expectations. Factor in utilities and potential agency fees," wrote Irena Economou from Urban Address Prague.

Irena Economou is the founder of Urban Address Prague, a bespoke boutique one-stop-shop solution for your property needs in Prague and the Czech Republic.

Click connect to have our partner, Irena, contact you via e-mail and/or phone.

Irena Economou is the founder of Urban Address Prague, a bespoke boutique one-stop-shop solution for your property needs in Prague and the Czech Republic.

Click connect to have our partner, Irena, contact you via e-mail and/or phone.

"One of the best ways to find a place to live in Prague is to use online resources such as websites like Expats.cz, which specializes in helping expats find housing in the Czech Republic. Additionally, there are many real estate agents in Prague who can help you find a place to live. You can also search for rental listings on websites such as Airbnb, HomeAway, and Craigslist. Additionally, you can look for housing in newspapers and magazines, or ask around in your local community for recommendations," explained one person living in Prague, Czechia.

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What is a typical expat home or apartment like in Prague?

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Prague, Czechia

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