The average price of a home in Prague is about 65,000 to 75,000 koruna per square meter, or about $266 to $307 per square foot, Mr. Blahuta said.
Under EU law, anyone can buy a house , apartment, buildable land, agricultural land or forests in the Czech Republic , regardless of citizenship or residency. Can foreigners live in the property they purchase ? Several local banks also offer plans designated for foreigners who want to purchase residential real estate.
The Czech Republic is a modern country with high living standards, extensive social security, and an accessible healthcare system, as well as very good educational opportunities.
The Czech Republic is a developed country with a high-income economy. Its economy revolves around its employment rate, which the region is adamant on maintaining. With the pressure on public funds, Czech Republic ‘s focus has been on increasing employment levels rather than supporting the working poor .
Since Prague is the capital of Czech Republic and also the hub of many multinational companies, its average salaries are the highest in the country. Currently, the average salary in Prague is of around 30,000 CZK per month. Those are net figures and equivalent to slightly less than 1305 US dollars per month.
What will be your chances of getting a job in Czech Republic ? As long as you speak English, your chances will be hard to beat! While Czech language is still an important requirement among local companies, many international enterprises treat English as their corporate language.
Top 10 Things to Avoid in Prague Sightseeing. Wasting Time Waiting for the Cuckoo. Charles Bridge in the Middle of the Day. Getting around. Getting Pickpocketed on the 22 Tram. Getting Ripped off by Taxis. Shopping and money. Tacky Souvenir Shops. Rip-off Exchange Offices. U Fleku’s Pushy Waiters. Wenceslas Square Sausages. Restaurants on Old Town Square.
Mortgages are available both for Czech citizens and for foreign buyers. In order to qualify for the best mortgage conditions – it is necessary to have a residency in the Czech Republic or to have income from the Czech Republic . It is always necessary to declare sufficient net income to qualify for a mortgage .
Since the Czech Republic joined the EU in 2004, citizens of all other EU member states enjoy the freedom to move to the Czech Republic without a visa. To work in the Czech Republic , you must apply for a permit at a Czech Labor Office before applying for a visa.
Cost of Living in Prague
|Rent Per Month||Edit|
|Apartment (1 bedroom) in City Centre||19,017.95Kč|
|Apartment (1 bedroom) Outside of Centre||14,600.83Kč|
|Apartment (3 bedrooms) in City Centre||33,094.29Kč|
Healthcare coverage in the Czech Republic even covers dental care, and it is free for all citizens. Due to its reciprocal healthcare agreements with other countries, citizens of the Czech Republic can avail medical treatment in other EU countries too.
Most often, Czechs have a good command of English , with the second most “popular” foreign language being German and the third one Russian. French, Italian, and Spanish are not widely spoken by the locals.
The rate of violent crime is low and most areas of Prague are safe to walk around even after dark. Be careful on Wenceslas Square. It is usually packed with tourists and the crowds make things easy for pickpockets. There have also been cases of trusting “love-seekers” being robbed of all their money at night .
Roast pork with dumplings and cabbage (pečené vepřové s knedlíky a se zelím, colloquially vepřo-knedlo-zelo ) is often considered the most typical Czech dish. It consists of cabbage and is either cooked or served pickled.
The number of dollar millionaires in the Czech Republic has increased to 28,140 , which is an increase of nearly 11 per cent on the previous year, according to figures released by the consultancy Capgemini on Monday.