Developer: typical new Prague flat costs nearly 15 years’ average salary

It now takes the equivalent of 14.9 years’ average salary to buy a new 70-metre flat in Prague, according to first quarter sales data published by property developers the Central Group.

That is five years more than in 2014, evidence that salaries are not rising along with housing costs in the Czech capital. According to Central Group, in Bratislava it takes 12.5 years’ salary to buy a comparable flat, in Munich, 12.3 years’, in Berlin, 8.7 years, and in Vienna, 8.3 years.

Author: Brian Kenety