Rich and confident, rich in shades, sweetish but with a slight bitterness - we are not talking about the taste of our favorite Prague cake, but about the rental market of the city that gave it its name. Majestic Prague is home to the local elite, seasoned tourists, students, those taking their first steps in adult life, entrepreneurs, and labor migrants. Representatives of each of these spheres need housing, and usually we are talking about renting.
Residential real estate and prices in Prague
Thanks to a large number of interested tenants, demand for rental properties never decreases, and over the past years, it has noticeably increased along with it prices in Prague. Traditionally, the most expensive part of the city is the center. The cost of monthly living in a one-room apartment is a minimum of 25,000 Czech crowns, which is equivalent to 42,000 hryvnias in our currency. For those who are willing to live in tight quarters but still save their savings, room rentals are available. Owners ask for around 15,000 hryvnias for a small room. In addition to this amount, the tenant is required to pay for utilities. It is also important to remember when determining your budget that there is no concept of bargaining in the rental market in Prague, so specific amounts should be expected. As for the city's housing stock, it is represented by the following main categories of buildings:
- old buildings, mainly in the center. They bear the imprint of past epochs and their characteristic charm, but do not always keep up with the modern technologies and quality;
- New buildings, the number of which increases every year. They are always distinguished by their modern design, but try not to disrupt the atmosphere of Prague with excessive height - it is rare to find a residential complex higher than 9 floors.
On the market, furnished and unfurnished apartments are almost equally represented. Surprisingly, their prices are almost the same, even though additional expenses are incurred by the tenant for buying furniture. Typically, they are furnished with affordable but stylish items from IKEA or they spend years collecting a collection of expensive treasures.
Rental terms and rules of registration
Most often, the duration of the rental contract is 1 year with the possibility of extension. As in Ukraine, payment is made for the first and last months. In rare cases, the owner may require an increase in the deposit by the amount of an additional monthly payment. When renting an apartment in Prague, you must adhere to Czech legislation. It equally protects the rights of owners and tenants, and its main requirements include:
- written conclusion rental agreement
- Protection against premature illegal termination of the contract;
- registration of temporary residence.
In Prague, it is also possible to short-term rental most often it is done through Airbnb. However, if you prefer a longer collaboration, it is worth having a reliable assistant to study the market and select the optimal option.
- Contact a real estate agent. The Prague market is very competitive, so it will not be easy to find a decent property or attract tenants on your own. This is precisely why the cost of services is so shocking to us - a real estate agent can charge up to 200% of the monthly rent for their assistance.
- Contact the development company directly. Organizations specializing in real estate management often provide their services to tenants. In addition to residential space, they offer a wide range of additional services, including technical support and often cleaning. On the websites of such companies, like Mint Living Catalogs with accommodations available for booking are presented.
Any real estate market seems complex and confusing. Take the first steps together with specialists to smoothly and safely conquer new horizons.