Analysis
Housing prices rose almost 6×, wages only 3×
Since 2000, wages have more than tripled, while property prices in Prague have risen almost sixfold. Housing has therefore become significantly less affordable.
Key findings
Since 2000, wages have more than tripled, while property prices in Prague have risen almost sixfold. Housing has therefore become significantly less affordable.
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Explanation
Since 2000, wages have more than tripled, but property prices in Prague have risen almost sixfold. We are certainly better off overall, but housing is much less affordable. Source: historical Czech Statistical Office data for the apartment price index and gross monthly wages in the Czech Republic. The latest price figures are from Sreality; the comparison is between Q4 2000 and Q4 2024.