Are you planning to move to Prague? One of the most important factors to consider when moving is the cost of living, specifically the cost of housing. In this article, we will take a closer look at whether houses are expensive in Prague.
Prague Housing Market
Prague is the capital and largest city of Czech Republic. It is a beautiful city with a rich history and culture that attracts many tourists and expats. The housing market in Prague is quite dynamic, with many options available for those looking to buy or rent.
Buying a House in Prague
If you are considering buying a house in Prague, you should be prepared for high prices. The average price per square meter for a house in the city center is around 100,000 CZK (4,500 USD), while outside of the city center it drops to around 70,000 CZK (3,200 USD). However, these prices may vary depending on the location and condition of the property.
Renting a House in Prague
Renting a house in Prague can be more affordable than buying one. The average monthly rent for a three-bedroom house in the city center is around 25,000 CZK (1,100 USD), while outside of the city center it drops to around 18,000 CZK (820 USD). Again, these prices may vary depending on the location and condition of the property.
Factors Affecting Housing Prices
There are several factors that affect housing prices in Prague. One of them is location – houses located in popular areas such as Old Town or Vinohrady tend to be more expensive than those located further away from the city center. Another factor is size – larger houses generally cost more than smaller ones.
Real Estate Agencies
If you are looking to buy or rent a house in Prague, it is important to work with a reputable real estate agency. They can help you navigate the market and find a property that fits your needs and budget. Some of the top real estate agencies in Prague include Svoboda & Williams, RE/MAX, and Lexxus.
Conclusion
In conclusion, houses in Prague can be expensive, especially if you are looking to buy one in a popular area. However, renting a house can be more affordable and there are many options available on the market. It is important to do your research and work with a reputable real estate agency to make sure you find the right property for you.
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