Property Index – Real Estate Prices
How Europeans Live and What It Costs Them
This study contains comprehensive information on selected European residential markets – how Europeans live and what it costs them.
Published in 2018
Czechs have to save for a new housing the longest among European nations. It takes the 11.3 average annual salaries. This is longer than in the UK (9.8), where real estate is the most expensive. Europeans are falling in love with rental housing. The cost of rent varies considerably in Europe. The most expensive of the compared cities is in the centre of Paris (26.4 EUR per m2) and London (26.3 EUR), the cheapest in Ostrava (6 EUR).
Published in 2017
Revenues from apartment rentals in the Czech Republic fluctuate within the preferred range of 4 to 6%. The best yield can be gained in the city of Ostrava. On the other hand the least affordable own housing was for the first time observed in the Czech Republic where citizens need to save almost 11 years to buy a new apartment. Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries, but their year-on-year growth was not as dynamic.
Published in 2016
Compared to other Central European countries, the prices for new housing are the highest in the Czech Republic, however, Czechs are able to earn enough to pay for their new dwelling much faster than people in the rest of the countries. Whereas an average Czech needs an approximately 6.9 multiple of average gross annual salaries to buy a 70 square meter flat, an average Hungarian or Slovene needs more than 7 times the amount of average gross annual salaries and a Brit even 11 times the amount.
Published in 2015
Although the prices of real estate in the Czech Republic are higher than in other Central European countries, they are among the most affordable in the region. On average, Czechs need 7.1 gross annual salaries to buy a new apartment of 70 square meters, in comparison with 7.2 gross annual salaries to be paid in Poland and even 7.8 gross annual salaries in Hungary.
Published in 2014
Residential real estate in CE countries and Portugal is noticeably cheaper than in WE countries. In our region, the prices of new apartments range from EUR 917 per square metre in Hungary to EUR 1,186 in the Czech Republic.
Published in 2013
Despite a moderate decrease in prices in 2012, Prague remains one of the most expensive Central European cities, with a price for a new dwelling amounting to approximately EUR 2,500/m2.
Published in 2012
The time Europeans with average income need to earn money to buy a new dwelling (70 m2) differs. While a multiple of 2.4 of the average annual gross income is needed to buy a new dwelling in Denmark, it stands at 9.1 in France.