Cost of Living in Prague, Czech Republic
|1 bedroom flat (40 m2) rent per month||650.00 USD|
|1 bedroom flat (40 m2) utilities per month||140.00 USD|
|2 bedroom flat (80 m2) rent per month||1,071.00 USD|
|2 bedroom flat (80 m2) utilities per month||215.00 USD|
Can a foreigner buy real property in Prague ? Yes. Under EU law, anyone can buy a house , apartment , buildable land, agricultural land or forests in the Czech Republic , regardless of citizenship or residency. Foreigners can apply for residency on the basis of a work visa, business visa or student visa.
Where to live in Prague ? Best Neighborhoods in Prague Malá Strana. Malá Strana is one of the favorite and most charming Prague area! Nové Město. Smíchov. Vinohrady. Žižkov.
The capital city of Prague is the most expensive city in the country, and it is still cheaper than many European cities . After Prague , the most expensive cities in the country are Brno and Olomouc. Global consulting firm Mercer’s Cost of Living Ranking places Prague 83rd out of 209 cities worldwide.
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.
In Prague , a great number of native citizens speak English at least a bit. And at the tourist hotspots, restaurants in the centre, hotels, and gift shops, knowledge of the English language is taken for granted. On the other hand, do not expect much English from the Czech police officers or bus drivers.
The charming capital ranks 8th among the top 72 cities to live in for expats, according to ‘Expat City Ranking 2018′. On a European level, Prague ranks second. InterNations’ survey on Expat Insider has placed the Czech Republic as the third-best country for expats to work.
Permanent residence permit after 5 years of continuous temporary residence in the CR. After 5 years of continuous residence in the Czech Republic , a foreign national can file an application for permanent residence .
The following documents will be required for the Permanent Residence application of a citizen of a non-EU country: application form. passport. 1 passport sized photograph. proof of you residing in the Czech Republic for at least five years. proof of accommodation. proof of sufficient income. Czech language exam.
If you are immigrating to Prague from the EU, the EEA, or Switzerland, you do not need a visa to work or study there. You just need to register with local authorities and report your local address. People moving to Prague from outside EU, need to apply for a visa before relocating.
The general feeling in Prague is that the rental market is very competitive – good places go fast and rent is much more expensive than it used to be. On where to live in Prague : The best place to live in Prague may be Vinohrady, our neighborhood. Vinohrady is popular with expats so the English level here is quite good .
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 .
An average tourist will spend around 2500 CZK (100 EUR) per person per day. The lowest daily budget can be as low as 900 CZK if you stay at hostels, eat takeaways and use public transport. If you stay in private accommodation, eat at average restaurants but control your budget you can get by on 2500 CZK a day.
Though the cheapest overall, Prague was, however, deemed the most expensive city in Europe to buy a bottle of Champagne, with the average bottle reportedly costing £55.