Metro Index 2024 maps Prague real estate prices according to metro location

The annual Metro Index, an overview of prices for apartments near Prague's three metro lines, has found that living near the metro is getting expensive again.

According to the analysis conducted by Valuo.cz, renovated apartment prices near Prague metro stations have increased year-on-year, yet they fall short of 2022 levels. The index focused on 80-square-meter, privately owned, fully renovated apartments within 1 kilometer of metro stations were considered.

Apartments near line A are the most expensive on the index averaging CZK 132,400 crowns per square meter. This marks a 17-percent increase compared to the cheapest C line.

Apartments along the B line cost CZK CZK 118,000 per square meter, with Černý most and Opatov stations being exceptions at less than CZK 90,000. While the A line has seen a 68 percent increase in seven years, prices are now 6 percent lower than in 2022. Metro C remains the most affordable line, with a 9 percent year-on-year increase.

In 2023, the highest apartment prices remain near the Malostranská metro station, closely followed by Staroměstská. The most affordable apartments along Metro A are at peripheral stations, but none fall below CZK 100,000 per square meter.

Along the Metro C line, the highest prices are near Hlavní nádraží, IP Pavlova, and Muzeum stations. On the B line, apartment prices increased by 8 percent YoY, with 19 out of 24 stations experiencing higher costs. The Kolbenova stop stands out as the most expensive on the B line, averaging CZK 116,100 per square meter due to recent developments making the area more attractive.

According to Deloitte's Real Index, in the final quarter of 2023, the average price of Prague apartments slightly decreased by 0.2 percent to CZK 114,300 per square meter. Prague districts 4, 6, and 7 experienced the most significant decline, while Prague 1, 9, and 3 saw the highest growth. The most expensive properties are currently in Prague 1, 2, and 3, while the cheapest are in Prague 4, 9, and 10.

An earlier Valuo.cz analysis revealed that in 2023, the fewest apartments and houses were sold in the Czech Republic since 2015, down 9 percent and 17 percent, respectively, from 2022. Prague maintained its dominant position, accounting for 24 percent of all Czech apartment sales.

Valuo.cz, backed by investment team Pale Fire Capital, uses real estate register and public advertising data to provide a pricing tool utilized by five domestic banks.