To afford an average-sized apartment, a resident of Prague would need to save their entire salary for 19 consecutive years, based on the city’s average wage.
The situation in Brno is similarly challenging, and across the country, the average is 14.8 years of earnings.
For comparison, a resident of neighboring Germany would need only 4.8 years of an average salary to buy a comparable apartment.
Czech real estate experts warn that this trend will lead to even steeper rent increases in 2025 than in 2024. Forecasts suggest that rent prices may rise not by single-digit percentages but by double digits. The rising cost of property is not the only factor—inflation and energy prices are also playing a significant role.
