Prague garage or Bali beachfront: What CZK 5 million buys you around the world

Thinking of investing CZK 5 million in property? In Prague, that budget often barely covers a small apartment, or, as some agents jokingly say, maybe a large garage. Space is at a premium in the Czech capital, and property prices reflect that scarcity.

But look beyond Prague, and your money starts to stretch much further. Even some large regional cities are becoming pricier, and popular mountain resorts like Špindlerův Mlýn are out of reach for that sum. Yet, venture outside major cities and tourist hotspots, and suddenly CZK 5 million opens doors to surprising opportunities, not only across Czechia but internationally.

According to research from business outlet Newstream.cz, CZK 5 million becomes your ticket to the beach, to ski resorts, or even to a brand-new apartment in an international development.

Outside the capital, cities like Most, Pilsen, Zlín, and Olomouc offer far better value. Jakub Žižka from RE/MAX Alfa tells Newstream.cz that in Most, CZK 5 million can buy you a spacious four-room apartment in excellent condition or even a small family house. These regional centers combine affordability with improving infrastructure and local amenities, making them appealing alternatives for buyers priced out of Prague’s market.

In cities such as Pilsen and Olomouc, the budget comfortably covers renovated 2+kk or 3+kk apartments, though prices are steadily rising here as well.

If you’re open to buying abroad, CZK 5 million transforms into an entry ticket to some of Europe’s most attractive locations. On the sun-kissed Italian island of Sardinia, for instance, you can find a 46 square meter apartment near the beach for around CZK 4.4 million. Croatia’s Istrian coast offers even more space; a newly built 80 square meter flat in Savudrija fits neatly within the budget.

Southern Spain’s Costa del Sol region is another hotspot, with apartments near Malaga priced under CZK 5 million, perfect for those seeking Mediterranean warmth and culture.

For mountain lovers, Austria’s Bad Kleinkirchheim ski resort offers a 35 square meter apartment just steps from the slopes for CZK 4.1 million. Slovakia’s High Tatras provide even more affordable alpine options, with ski-area flats available for under CZK 4 million.

Venturing further afield, your CZK 5 million stretches even more in Asia. Bali, with its fast-growing property market and idyllic beaches, offers beachfront apartments around 80 square meters for just CZK 3.8 million.

In the UAE, Dubai’s Jumeirah Village Circle district has 39 square meter apartments priced at CZK 3.6 million, providing access to one of the world’s most dynamic real estate markets.

Abu Dhabi presents another option, with apartments on Al Reem Island still trading well below the CZK 5 million mark.

Thanks to favorable exchange rates, now might be a strategic time for Czech investors to look abroad. In Mauritius, beachfront properties that were once out of reach have become more affordable as the U.S. dollar weakens against the Czech crown.

Similar dynamics are at play in the U.S., particularly Florida, where luxury branded residences in developments like Miami’s Elle Residences have effectively dropped in price for crown-based buyers.

Jan Rejcha from Rellox highlights that the current strength of the Czech crown offers a rare window to capitalize on dollar-based markets.