Prague Residential Real Estate Market Report

Prague - the clear place to invest in Central Europe

In the hundreds of years of its existence, Prague has acquired many names – the City of 100 Spires, the Golden City, the Mother of Cities. All of these names reflect Prague’s beauty and its importance since the Middle Ages as a cultural and educational centre in the heart of Europe – roles it continues to play today. The remarkable metropolis with its unique panorama of the Prague Castle was added to the UNESCOWorld Heritage List in 1992. Thanks to good fortune, Prague was left relatively undamaged by the bombing of the Second World War, meaning that a large number of historic buildings have remained intact. With its monuments, parks, unique culture, dynamically developing business sector and rapidly improving quality of life, Prague is among the best cities in Europe to invest and live in. Receiving close to eight million tourists annually, the Czech capital ranks as one of the world’s 20 most visited cities. Since the beginning of its economic recovery, the Prague real estate market has been experiencing steady growth, which is certain to continue in the years to come. Favourable domestic conditions and an increasing demand among Czech and foreign investors for apartment buildings makes Prague one of the best locations for finding investment opportunities. We have 40 years of global experience and a long-standing presence in the local market, ensuring that Prague’s four Engel & Völkers departments – Commercial Sales, Residential Sales, Office Rentals and Residential Rentals – will provide you with the high-quality comprehensive services you need, whether you intend to keep your property as a source of rental income or sell your apartments separately.