According to the latest data, to purchase an average-sized apartment in Prague, a resident of the capital would need to save their average salary for 19 consecutive years.
The situation is not much better in Brno, and on average in the Czech Republic, it takes 14.8 annual salaries to buy a home. In comparison, in Germany, it is enough to save for just 4.8 years to afford a similar apartment.
Czech real estate agents warn that in 2025, rental prices are expected to increase even more significantly than in 2024. Rent rates may rise not by just a few percent, but by tens, due to not only the increasing cost of real estate but also the impact of inflation and rising energy costs.
