Are houses in Prague expensive?

Yes, houses and apartments in Prague are very expensive, ranking among the least affordable in Europe. As of 2025, buying a home in the capital requires roughly 15 gross annual salaries, with average new apartment prices exceeding CZK 153,800 per square meter. Prices have consistently risen, making Prague the third-most expensive city for housing in Europe.

Is $50,000 czk a good salary?

Yes, 50,000 CZK is generally considered a good salary in the Czech Republic, allowing for a comfortable life, especially outside of Prague, though in Prague it's closer to average and requires careful budgeting for savings, depending on your lifestyle and if it's gross or net. A net 50,000 CZK is excellent, while 50,000 CZK gross (around 40,000 CZK net) is decent but tighter in expensive Prague, though still manageable for a single person with conscious spending. 

Can a foreigner buy a house in Prague?

Since the Czech Republic joined the European Union on May 1, 2004, the property market has been completely open to international buyers. Prague is one of Europe's most accessible markets for intentional investors because of its competitive prices and lenient residential requirements.

Why is housing so expensive in Prague?

The Supply Problem: Too Few Apartments Being Built

The biggest issue is surprisingly simple: not enough new housing is being built. The Czech Republic has seen steady population growth, a rising number of international residents, and an increase in one and two person households, but construction has not kept pace.

What is a good salary to live in Prague?

58k per month is more than enough to live in Prague comfortably. People here be living on 25k a month.

What 97 Million CZK Buys You in Prague

Is moving to Prague a good idea?

Why not choose Prague? This captivating city offers a perfect blend of outdoor activities, safety, high quality of life, and an eccentric atmosphere. Located in the heart of Europe, Prague truly has something for everyone–from lush greenery for outdoor sports to countless festivals, parties, and restaurants to explore.

What is considered wealthy in Prague?

Five years ago, you 'only' needed to earn CZK 50,000 a month to be considered rich in Czechia. Now, though, a monthly salary of CZK 120,000 or more is required to be seen as a wealthy person, according to a survey by betting company Sazka.

Is it okay to speak English in Prague?

Don't worry—many people speak English: In most tourist areas, restaurants, and hotels, staff usually speak decent English. However, it's helpful to know a few Czech phrases for polite interactions.

How do Czechs feel about Americans?

The results of the TRENDS research series from June 2025 show that Czechs have consistently had a very favorable attitude toward Slovaks (91% of respondents) and foreigners from developed countries, especially the English, Americans, French, and Germans (see the following charts).

What is the easiest country to buy property in?

The Easiest Countries to Buy Property as a Foreigner

• Montenegro – A Mediterranean Paradise for Property Buyers.
• Portugal – Coastal Charm and Property Investment Opportunities.
• Spain – Sunny Climate and Attractive Property Market.
• Mexico – Vibrant Culture and Easy Property Ownership for Americans.

What is the top 1% salary in Czech Republic?

The top one percent of the highest paid persons in the Czech Republic include those employees and business owners whose gross incomes exceed CZK 1,230 million per year.

How much do waiters get paid in Prague?

357 648 Kč (CZK)/yr

The average waiter/waitress gross salary in Prague, Czech Republic is 357 648 Kč or an equivalent hourly rate of 172 Kč. This is 20% higher (+59 762 Kč) than the average waiter/waitress salary in Czech Republic. In addition, they earn an average bonus of 18 920 Kč.

Is Prague affordable to live in?

Compared to Western Europe, the Czech Republic is relatively affordable. Monthly expenses vary, but in cities like Prague, expect to spend around 30,000-40,000 CZK (~1,400-1,850 USD) for rent, utilities, food, and transportation.

Is the tap water in Prague safe to drink?

First things first – yes, tap water in Prague is safe to drink. The city's water supply meets both local and European Union strict standards, ensuring it's free from harmful contaminants. Whether you're filling up a reusable bottle or enjoying a glass at your hotel, you can trust the quality of the water.

Where is the nicest but cheapest place to live in the world?

10 of the cheapest and safest places to live in the world

• Albania.
• Portugal.
• Costa Rica.
• Panama.
• Mexico.
• Thailand.
• Malaysia.
• Vietnam.

Is it better to buy or rent?

Those who like to move around or travel a lot might find renting a better option, while those wanting to create roots in a single location will find buying a better choice. Think about investing in a property. Buying a home can help you gain value and build equity by making home improvements.

Where in Europe is it cheap to buy a house?

The cheapest housing can be found in Bosnia and Herzegovina (€1,315 per sq. m.), then in Greece (€1,463) and Romania (€1,504). These countries continue to attract the attention of those looking for more affordable housing options in Europe.

Is Prague in the 3rd world?

The Czech Republic is a unitary parliamentary republic and developed country with an advanced, high-income social market economy. It is a welfare state with a European social model, universal health care and free-tuition university education. It ranks 32nd in the Human Development Index.

What is the nicest area of Prague?

1. Staré Mesto, Prague 1 – The best place to stay for sightseeing 🗺 If you are looking for a classic city holiday and want to live in the center, I would like to recommend that you spend the night in Prague's old town, which is also called Staré Mesto.

Is $50,000 czk a good salary?

Yes, 50,000 CZK is generally considered a good salary in the Czech Republic, allowing for a comfortable life, especially outside of Prague, though in Prague it's closer to average and requires careful budgeting for savings, depending on your lifestyle and if it's gross or net. A net 50,000 CZK is excellent, while 50,000 CZK gross (around 40,000 CZK net) is decent but tighter in expensive Prague, though still manageable for a single person with conscious spending.