Study: Average flat in Czechia costs twice as many years’ salary as in some EU states

An average priced apartment in Czechia costs the equivalent of 13.3 years’ average gross salary, which is twice as much as in states such as Ireland and Belgium, according to a study carried out by the bank Česká spořitelna and the website Evropa v datech published on Tuesday.

Nearly half of those surveyed said they spent over 30 percent of their net income on housing. One in 10 said over half of their income went on accommodation.

The “index of prosperity and financial health” also found that “housing conditions” had improved in Czechia compared to in a previous survey. Nevertheless, the country still ranks only 17th in the European Union by this metric.