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.
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|
Prague is famous for well-preserved castles, Baroque and Gothic cathedrals, medieval squares, dreamy bridges, nightlife spots, and a lively arts scene. It’s known for its centuries of history and cultural heritage, where the medieval heart of Europe can be felt in its cobblestone streets.
The capital city of Prague is the most expensive city in the country, and it is still cheaper than many European cities. Expats ranked Czechia seventh for cost of living out of 68 countries in InterNations’ most recent Cost of Living Index. Costs for alcohol, tobacco, and groceries are very low.
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.
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|
A pack of Marlboro cigarettes costs 84 CZK, a 0.5 L bottle of water 15 CZK, a loaf of bread 22 CZK, a litre of petrol costs around 32 CZK, and a cup of coffee in a city cafeteria is 45 CZK.
Based on the spending habits of previous travelers, when dining out an average meal in Prague should cost around Kč196 per person. Breakfast prices are usually a little cheaper than lunch or dinner. The price of food in sit-down restaurants in Prague is often higher than fast food prices or street food prices.
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 .
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.
Are you looking at sampling the best food Prague has to offer? From traditional goulash to pickled cheese , this is what to eat in Prague! Trdelník (chimney cake) Chlebíčky (an open-faced sandwich) Goulash . Grilované klobásy (grilled sausage ) Palačinky (Czech pancakes ) Svíčková (braised beef) with dumplings .
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.
Here are a few local Prague purchases to give you an idea of local item prices in Prague:
|THE PRICE OF:||PRICE CZK||$USD|
|Classic Czech meal at restaurant- meat, sauce, dumplings||140||6.1|
|Large sausage, bun and mustard at Wenceslas Square||40||1.7|
|500 ml of beer draft ( pint )||35||1.5|
|750ml bottle of wine good enough to bring to party||160||7.0|
As you can see, the cost of living in Prague is a pretty affordable and very attractive place to live in. For those who aren’t good at math, a 1000 USD should be more than enough to comfortably spend a month in this city. If you haven’t been here, make sure to do so as soon as possible!