Prague 1
Prague 1 is the main city center, which is made up of three areas; parts of Nové Město (New Town) and the historical areas of Malá Strana (Lesser Corner) and Staré Město (Old Town). Of the three areas, Nové Město is the less expensive. In this part of town, one can find property for about 20 – 30% less than in Malá Strana and Staré Město, which are also the more touristy parts of town. The city center is also experiencing a transformation as companies vacate the older buildings for newer more modern buildings outside of center and both small and larger hotel companies are taking their place.
Residential and Commercial properties include a wide range of different styles from baroque to post-modernist, nevertheless space is very expensive and difficult to find.
These areas are amongst the most sought-after in the whole city. Overall, the rents are comparable to those of other European capitals. Furthermore, Prague 1 offers a great selection of shops, pubs and theaters. Transportation is easily accessible with all three metro lines and many of the main tram routes only minutes away in any direction.
Prague 2
Prague 2 consists of the areas of Vinohrady, Vyšehrad and parts of Nové Město. The area of Vinohrady with its classic “art nouveau” buildings, tree lined sidewalks, cobblestone streets, and two very pleasant parks (Riegrovy Sady, Havlíčkovy Sady), has been a very popular residential area since the turn of the century.
Public transport is good with several tramlines and metro stations (lines A and C). However, most of Vinohrady is minutes' walk from the city center. In addition to the residential aspect of the area, a large number of small and medium companies have moved here, creating an interesting blend of office and residential space.
Vinohrady also has excellent shopping facilities and a great variety of good restaurants, bars, and clubs.
Purchase prices in Vinohrady can range from 1.600 EUR/m2 to 3.000 EUR/m2 for a top quality reconstructed flat, and rents from 12 EUR/m2 to 16 EUR/m2. Nové Město (New Town) and Vyšehrad are centrally located with lots to offer as well. Not only can one find a wide selection of shops and restaurants, these areas are just a short walking distance to the Vltava River, the Botanical Gardens and the Vyšehrad Castle. The price levels are a little lower than in Vinohrady (purchase prices from 1 400 EUR/m2 to 2 100 EUR/m2 and rents from 10 to 14 EUR/m2).
Prague 3
This district is comprised mostly of the better-known area of Žižkov. The western part of Žižkov, which lies closest to Prague 2 has an interesting residential area similar to Vinohrady and not far away from the city center. However, other parts of the district are less attractive with a mixture of old housing built during the 2nd half of the 20th century, new buildings and a few classical buildings. Here it is still possible to purchase centrally located properties at reasonable prices (1 250 EUR/m2 to 1 600 EUR/m2 for a new or reconstructed apartment).
The cemeteries around Olšanské Náměstí are a minor tourist attraction, and provide a pleasant area of green. This area is also well served by shops, restaurants and the new Flora Palace shopping mall.
Public transport is generally good: metro line A and a number of major tram routes provide good links to the center.
Prague 4
Prague 4 is one of the larger districts and very diverse. For the most part, the denser areas of Prague 4 consist mainly of large blocks of prefabricated apartment buildings. However, the area of Nusle is full of classical apartment buildings and nearby parks leading up to Vyšehrad castle.
Another interesting location is Podolí, which starts at the banks of the Vltava River and leads to a place of hills and valleys offering an abundance of green areas and villas.
A little further out, a new commercial office center has been recently built, housing several multi-national companies. On the Eastern border of the district, there are many green areas providing very nice family houses.
Public transportation is easily accessible and is reasonably convenient for traveling to the center.
Prague 5
Prague 5 is very large. On the borders of the district are mostly rural areas with new single-family home developments.
In areas around Stodůlky and Nové Butovice, clusters of large blocks of prefabricated apartment buildings have been built along the metro line (line B), which connects this district with the city center. Several well-known multi-national companies have built their headquarters here. In addition, Carrefour operates a major shopping zone in the area, and there is also the new Butovice Galleria Mall hosting the Prague Aquarium. A little further down the road by Zličín are the Praha Shopping Park and Metropolis shopping mall.
Tucked in the valley are the areas of Radlice and Košíře. These are two very pleasant villa areas, which have a very small town feel, despite being just a twenty-minute tram ride from the center. Further south, in the hills lie the areas of Barrandov and Strahov with their panoramic view of the city and countryside.
The Smíchov area has recently been transformed into a major commercial center. It is now home to the Nový Smíchov shopping mall with over 200 shops, cafes, and 2 multi-plex cinemas and the Zlatý Anděl office and shopping center, as well as, major international hotels and new office buildings. Closer to the center, beautiful classical buildings line the bank of the Vltava River and offer a charming view of the city.
Prague 6
The area of Prague 6 is close to the international airport Ruzyně. The Hradčany and Dejvice areas have buildings mostly of classical construction and are the home to many of embassies and ambassadors' residences; making them one of the more expensive districts outside the center.
The areas of Břevnov, Střešovice, and Veleslavín are a mixture of villas, classical buildings and new apartment developments. The area of Nebušice with the nature reserves of Malá Šárka and Tichá Šárka have been developed for up market housing estates and include the international school. The school has made this a much sought after residential area for foreign families with children.
Rents and sale prices for refurbished or new single-family houses are often higher than in other European capitals or North America.
Prague 7
Prague 7 is one of the smaller districts and comprises of three main areas of Bubeneč, Holešovice, and Trója.
Bubeneč is a very interesting residential area with rental and sales prices about the same as in Prague 6 - Hradčany and Dejvice. Much of this area is green featuring both of Prague's biggest parks, Letná and Stromovka.
Holešovice is located on the peninsula surrounded by the Vltava river and is closest to the center. At present, Holešovice is shifting from a mixed industrial and residential center to a predominantly commercial and residential area. Here the rent and purchase levels are considerably lower.
On the upper bend of the Vltava River is the area of Trója. This is a quiet area with mostly villas and garden apartments, many green areas with walking and bike trails, the Prague Zoo and Troja Castle. It is like living in a small town but only minutes away from the center. The area is accessible by metro – line C and several tram lines.
Prague 8
This district includes the area of Karlín right next to Prague 1, further out Libeň, and suburban areas in the north of the city. Although Karlín has many parks, wide streets and classical buildings, until recently, it has not been a major focus of investment. The areas around Karlín are becoming important business centers, which already include the IBC building, Hilton hotel, KPMG headquarters, Corso I and II office centers and along the banks of the river near Staré město, the new Riverside center. Karlin has two metro stations and several tram lines, and therefore it is especially well linked through public transportation. Karlin is definitely worth taking a look at.
Other areas of Prague 8 include Kobylisy, Ďáblice and Bohnice. Although these parts are near many green areas, they are mostly known for their developments of large blocks of prefabricated apartment buildings. On the borders of Prague 8 in the areas of Čimice, Dolní Chabry, and Březiněves there has begun a spattering of new single-family home development.
Prague 9
Vysočany area is closer to the center with plans to develop the old ČKD industrial area for residential and commercial use. In addition, new apartment building projects and the reconstruction of the older buildings have slowly begun to breathe new life in these areas. One of the more densely populated areas of Prague 9 is Černý Most. This area consists mostly of large blocks of prefabricated apartment buildings.
A little farther out, in the areas of Kyje, Hostivice and Dolní Počernice there are many new developments for apartments and single-family homes.
The extension of the metro line B and the construction of the Černý Most Center as well as a major shopping zone on the other side of the road have made living here a little more pleasant. A little farther out, in the areas of Kyje, Hostivice and Dolní Počernice there are many new developments for apartments and single-family homes.
Another interesting area is Letňany. This is an area on the border of Prague and currently only accessible by car or bus. The apartments here are, for the most part, of the prefabricated apartment building construction. However, with the new Letňany shopping center and plans to build a new exhibition center and metro station, this area has seen a lot of new residential development.
Prague 10
The most interesting area closest to the center is Vršovice; the part that begins on the eastern border of Vinohrady is full of classical style buildings and offers a wide selection of residential accommodation, parks, shops and restaurants. Here the sale prices and rent levels are a little lower than in Vinohrady (Prague 2). Also, the new Eden Shopping Mall has just been open here.
The areas of Strašnice, Skalka and Hostivař include a mixture of prefabricated apartment buildings, new apartment developments, and villas.
In the outer parts, there are many residential areas with new apartment complexes and single- family homes.
