The average price per square meter of residential real estate in Prague is 120,645 crowns. This follows from a study by the Swiss company PriceHubble, which is available to ČTK.

The analysis of real estate prices was based on hundreds of factors, including historical ones. It took into account not only the quality of a typical apartment, but also the condition of the infrastructure, transport accessibility and civic amenities. Evaluation tools also included noise, air quality or greenery.

The most expensive location was Josefov, where the average price is more than 204 thousand crowns per square meter. “It is the only location where the price exceeds 200,000,” the study said. Josefov is followed by the Old Town, New Town, Lesser Town and Vinohrady, localities in which the price per square meter will not fall below 150 thousand crowns.

The localities of Hradčany, Vyšehrad, Bubeneč, Karlín, Dejvice and Holešovice, which offer a square meter between 140 and 149 thousand crowns, are also among the locations with a higher price. In Smíchov, Žižkov or Vršovice, the average price can be expected to be between 130 and 139 thousand crowns per square meter.

According to the analysis, prices in the range of 120 to 129 thousand crowns per square meter are in Košíře, Troja, Braník or Velká Chuchle. The most common average price in the metropolis is from 110 to 119 thousand crowns, which includes about half of Prague’s localities, including Hloubětín, Suchdol and Ďáblice.

The lower range with an average price of 105 to 110 thousand per square meter mainly includes locations on the outskirts of the city such as Dolní Počernice, Libuš or Zbraslav. On average, the cheapest housing can be found in Satalice for 100,845 crowns per square meter. This is followed by Černý Most, Petrovice and Komořany, where the average price reaches almost 105,000 crowns per square meter.

Average prices of residential real estate in Prague: