A Prague resident would need to spend 14.2 years’ salary for a medium-size apartment (70 square metres), if having no other expenses, according to a new study based on statistics compiled by three leading property developers. The average price of a new flat sold in the Czech capital has risen by 88% since mid-2015, but by just 1.6% in the past year, to CZK 106,392 per square metre.
