Prague real estate market — prices, rental yield and trend
- Average price: $9,296 / m²
- Gross rental yield: 2.9%
- 12-month price change (USD): 4.7%
- Net rental yield: 2.6%
- Transaction cost: 1.1%
- Price basis: local-market average
Residential property in Prague averages $9,296 per square metre, +4.7% in dollar terms over the last twelve months. That makes it the 9th most expensive of the 131 markets in the set.
What a buyer pays in Prague
The $9,296 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 1.1% of the price here. On a 100 m² apartment at the average price that is roughly $10,226 on top of the $929,635 purchase price. That is below the 9.5% median across the set, which shortens the time it takes for a purchase to break even. Against the Czech Republic national average of $5,145, Prague carries a 80.7% premium — the gap between this market and the country as a whole.
What it earns
A square metre lets for about $22.4 a month. Against a purchase price of $9,296 per square metre that is 2.9% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 143rd of 151 markets by gross yield. Rental income is taxed at 10.5%, which takes the yield down to 2.6% net. The 0.3-point difference between the gross and net figure is the part most listing sites leave out.
How the tax works. 15% personal income tax on net rent (the 23% rate starts only above CZK 1,762,812 a year, far above typical rents). Landlords can deduct a 30% lump-sum expense allowance (capped at CZK 600,000 a year) instead of actual costs, so 0.70 x 15% = 10.5% of gross rent. Non-residents are taxed on Czech-source income, rent included. Personal tax credits are not taken into account. Source: PwC Tax Summaries Czech Republic (taxes on personal income; income determination), last reviewed 2026-07-27.
How this figure is built
The price figure for Prague is built from asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Prague be compared with a country average or another city.
Sources: Numbeo Prague · numbeo.com · newstream.cz. Snapshot: 2026-10-15.
Related markets: Czech Republic