In the world’s largest cities, homeownership is becoming increasingly out of reach for those with average incomes.

According to an international comparison of housing affordability, purchasing a standard 90 m² apartment requires approximately:

📍 Beijing – 45 times the annual income.
📍 Prague – 27 times the annual income.

Prague is thus among the European cities where the ratio of real estate prices to residents’ incomes is one of the least favorable.

And it’s not just about the rise in real estate prices itself. The supply of new housing has long failed to keep pace with demand, and household incomes are unable to grow as quickly as real estate prices.

From RealLocate’s perspective, housing affordability is one of the key factors that will continue to influence the residential market—from the growing importance of rental housing, through the demand for smaller units, to investors’ decision-making.

Homeownership today is therefore not just a matter of price per square meter. The ratio between property price, household income, and financing options is becoming increasingly important.

🏠 How will the affordability of homeownership in Prague continue to evolve? This will be a crucial question for buyers, sellers, and investors alike.

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