Prague’s housing crisis: 7 ways people are adapting to soaring costs

Sky-high prices and low supply are pushing Prague residents to downsize, move out, or get creative with how they live.

Thomas Smith

Written by Thomas Smith Published on 30.07.2025 15:54:00 (updated on 30.07.2025) Reading time: 3 minutes

Housing Business & Money
Shutterstock by Stokkete
Shutterstock by Stokkete

Living in Prague is getting painfully expensive – and the numbers prove it.

New data from consulting firm Deloitte paints a stark picture: in Q2 2025, renting a standard 70 square meter (sqm) apartment now costs over CZK 30,000 per month. Just three years ago, that same apartment would have set you back well under CZK 24,000.

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Buying is no better. Deloitte shows that in Prague 2, home to Vinohrady, a 70 sqm flat now goes for CZK 16.7 million. Three years ago? Nearly CZK 3 million less – with some change left over. Limited supply and exploding demand are driving the surge, leaving both renters and buyers scrambling to keep up.

This means one thing: people are being forced to adapt. Exorbitant prices are reshaping how people live in Prague and beyond. Here are the new trends gaining traction with every passing month.

#apartments #business #czech economy #czech property listings #economy #feature #Finance #Housing #Money Matters #real estate
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