The Czech real estate market continues to undergo significant changes, becoming one of the most attractive destinations for large investors seeking long-term and stable investments. Unlike other European countries, where stagnation or moderate growth is observed, the Czech Republic, and in particular Prague, demonstrate steady demand for rental housing. In 2024, about 20% of all investment funds were allocated to the purchase of housing intended for rental. In the first six months of this year, the value of transactions amounted to an impressive 4 billion crowns. This trend highlights the growing interest of both local and foreign investors looking for promising projects in the residential real estate segment.
Investment trends and mass procurement of objects
Rising real estate prices and increasingly difficult mortgage lending conditions are forcing Czech residents to increasingly prefer renting rather than buying a home. This phenomenon has created favorable conditions for the formation of a new rental housing market, which is also noted developers and large investment funds. The advantages of mass purchasing of apartments or even entire complexes include the ability to reduce marketing costs, simplify the sales process and receive wholesale discounts on building materials. The main destinations in the Czech real estate market in 2024 are Prague and Brno - the leading cities for investment transactions. Prague stands out for its high demand for rentals, and investors are actively purchasing entire residential complexes. In particular, this year the attention of investors was attracted by:
- Vysočanský mlýn – a complex where the Mint fund acquired 300 premises, investing 1.4 billion crowns;
- Nová Elektra is a project from Finep in Prague 9, within which the investor purchased over 300 apartments, spending more than 2 billion crowns;
- U Šárky – a complex of 57 residential properties purchased by the XPlace platform;
- Milovice – 40 apartments in Milovice, purchased through the same platform;
- Waltrovka – 54 properties purchased by the Archbishopric of Prague from Penta Real Estate.
As the number of transactions increases, the interest of institutional investors in rental properties is also increasing, which in turn stimulates the emergence of new offers on the market. For example, developers are already developing projects initially intended for rental, providing investors with the opportunity for long-term investments with predictable income.
What is important for home buyers in Prague to know?
The Czech real estate market, especially in Prague, attracts foreign buyers, including Ukrainians. The opportunity to purchase housing on equal terms with Czech citizens, stable price increases and a wide selection of properties make Prague a popular destination for investment. Housing in the capital ranges from luxury apartments in the historical center to modern new buildings on the outskirts, allowing you to find options to suit different budgets and goals - from accommodation to long-term investment. If you are planning to purchase an apartment in Prague, it is important to consider the following key aspects:
- Availability of housing for foreigners. Ukrainians can purchase real estate in the Czech Republic on equal rights with local residents. To purchase, you only need a foreign passport and confirmed income. The purchase of real estate does not provide an automatic right of residence, but may become the basis for obtaining a long-term visa or residence permit (Residence permit).
- Housing prices depend on the area. Central areas such as Vinohrady and Nove Mesto offer apartments for 160,000-250,000 CZK per square meter (approximately 6,635-10,367 EUR). On the outskirts of Prague, prices are more affordable, averaging CZK 110,000 per square meter, which is suitable for those looking for housing outside the center.
- New buildings and their advantages. About 60% of buyers prefer new buildings due to their modern layouts and developed infrastructure. The cost per square meter in new buildings can be 12-20% higher compared to housing on the secondary market, but buyers receive new buildings with modern communications.
- Mortgage lending for foreigners. Foreign citizens can get a mortgage in the Czech Republic, but registration in the country is required. Some developers offer installment plans that allow you to pay part of the cost after construction is completed and the property is put into operation, which is convenient for those who are planning a purchase in the early stages.
- The process of purchasing real estate. The transaction includes several stages: reserving the property, concluding an agreement for transfer deposit, signing the main contract and registration of ownership. The total duration of the purchase process is about 1.5-2 months.
- Additional expenses: In addition to the cost of the apartment, you should take into account utilities, Internet and other services that can significantly affect the budget. There are also additional costs: realtor commission and deposit, which can amount to 1-3 months' rent.
Maisonettes in Prague: prestige, comfort and unique style
Maisonettes in Prague are not just duplex apartments, but real masterpieces of modern housing that attract the attention of those who are looking for more space, original layouts and unrivaled views of the Czech capital. Located in both new buildings and reconstructed historical buildings, they combine an atmosphere of comfort and status, making them popular among local and foreign buyers and tenants. Prague maisonettes have many features that make them stand out from other types of housing. Here are the main points to consider when choosing this type of property:
- spaciousness and thoughtful planning - maisonettes provide a large area and non-standard solutions that allow more efficient use of every square meter. The combination of two floors with an internal staircase creates the feeling of a separate home, which is especially important for those seeking privacy within the city;
- high ceilings and panoramic windows – most maisonettes have high ceilings and large panoramic windows, which not only visually enlarges the space, but also allows you to enjoy stunning views of the city and historical sights of Prague. These windows provide good lighting throughout the day, creating a pleasant and comfortable atmosphere;
- location on the upper floors – maisonettes are often located on the top floors of buildings, which gives owners not only a quiet and private environment, but also access to the best views. The location on the upper floors also contributes to better sound insulation and reduces the level of street noise;
- new buildings and historical buildings - in Prague you can find maisonettes both in modern residential complexes and in old houses that have undergone reconstruction. This gives you the opportunity to choose between classic and ultra-modern style. In historical buildings, maisonettes retain original architectural elements, which gives the housing uniqueness and authenticity;
- status housing - maisonettes in Prague are considered a prestigious type of housing that emphasizes the status of the owner. Such apartments are suitable for those who value a high level of comfort and modern interior solutions. Owning a maisonette, especially one with a terrace, becomes a symbol of success and a stylish lifestyle.
Depending on the location and characteristics of the apartment, the cost of renting a maisonette can vary from 2,000 to 10,000 euros per month. Maisonettes with spacious terraces are in particular demand. Maisonettes in Prague continue to attract attention thanks to the combination of functionality and a designer approach to decoration.