Study: Average flat in Czechia costs 13.3 years’ salary

Czechia currently ranks as the country with the least affordable housing in Europe, according to a new study published by Deloitte. Czechs with an average salary now have to work 13.3 years to buy a medium-size apartment of 70 square metres if having no other expenses.

According to Deloitte Real Index, the average price of a new flat sold in Czechia stands at CZK 90,500 per square meter, while the average gross monthly wage in Czechia is CZK 37,929.

Compared to other large cities in central Europe, Amsterdam is the only city less affordable than Prague, with the cost of owning a home amounting to 15.3 average salaries.