Prague Has the Third Least Affordable Apartments in Europe
6 Articles
6 Articles
Buying your own home has become an unattainable dream for many Czechs. Furthermore, the continued rise in real estate prices is further worsening the position of those interested in buying an apartment. According to the latest report by the consulting group Deloitte, apartments in Prague are the third least affordable in Europe after Amsterdam and Athens. And other large Czech cities are not much better off.
The Czech capital is among the three least affordable in Europe. It takes 15 gross annual salaries to buy an apartment here.
Prague is the third least affordable major city in Europe for buying a new apartment. According to this year's Deloitte Property Index 2025, residents of the capital must spend 15 gross annual salaries to purchase an average 70 square meter apartment. This puts Prague in third place among the 75 European cities monitored - only Amsterdam and Athens are worse off.
Last year, Prague was the second worst in terms of housing affordability among the monitored European cities, according to Deloitte data. This year, it slightly improved its position, but the situation in the Czech capital has worsened and more annual salaries are needed to purchase an apartment. In Amsterdam, 15.4 and 15.3 annual salaries are needed to purchase an apartment in a new building in Athens. On the other hand, the most affordable hou…
Prague - Prague is the third least affordable major city in Europe for buying a new apartment. To buy their own apartment in the Czech capital, people need an average of 15 gross annual salaries, which is 1.7 salaries more than last year. Only Amsterdam and Athens are worse off. In addition, rent prices in Prague continue to rise and average mortgage interest rates remain among the highest in Europe. This is according to the Property Index of th…
Housing in the Czech capital has long been among the least affordable in Europe. People spend 15 gross annual salaries on their own apartment in Prague, an average size of 70 square meters. Of the 75 cities monitored, only Amsterdam and Athens are worse off, but the differences between these three cities are...
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