New Forbes ranking reveals Czechia's most expensive houses and flats

Three lists name the Czech Republic's prime pieces of real estate, including homes and apartments, as well as its real-estate tycoons.

Expats.cz Staff

Written by Expats.cz Staff Published on 14.03.2023 15:15:00 (updated on 14.03.2023) Reading time: 2 minutes

Housing prices in Czechia are high, but a few are in a league of their own. If you want to live in luxury, you need to be prepared to part with at least CZK 145 million for a house and just under half that, CZK 70 million, for a flat. The priciest houses are spread across the country, while all of the top 10 flats are in Prague.

Out of the top 10 most expensive houses, six are in Prague with Troja and Smíchov each having two, while Bubeneč and Hanspaulka have one each. The rest are in Karlovy Vary, Hvězdonice, Mirošov, and Krásná Lípa.

All 10 of the most expensive flats are in Prague but also spread across the city, according to business magazine Forbes, which compiled the rankings. They also ranked the top real estate tycoons, with Radovan Vítek, the third-richest Czech, topping that list.

The most expensive house on the Czech market is a villa in Prague’s Troja with its own vineyard. It was built by used-car magnate Anthony Denny in a retro First Republic style but is filled with modern conveniences like heated floors. The asking price is CZK 370 million.

Second place goes to the 19th-century neo-Renaissance style Villa Hielle in Krásná Lípa in the Ústí nad Labem region. The ticket price for 29 rooms with a private cinema comes to CZK 295 million. Prague makes a comeback for third place, with a CZK 205 million villa in Hanspaulka. The four-story house has an indoor pool, marble floors, and crystal chandeliers.

Most expensive flat is in Vinohrady

Of the top 10 most expensive flats, two each are in Prague’s Old Town (Josefov), Vinohrady, and Malá Strana, and one each in Hlubočepy, Modřany, Krč, and Žižkov.

The priciest apartment can be found on Americká Street in Vinohrady. The 733-square-meter flat with a 33-square-meter terrace covers two floors and has a private elevator. There is also a private garden and wine cellar. This piece of paradise near náměstí Míru will set you back CZK 150 million.

Photo: Penthouse vanguard
Penthouse Vanguard / Photo: Svoboda and Williams

Prague’s Josefov area has the second-most expensive flat, the loftily named Shangri-La on Široká Street. The five rooms in the renovated early 20th-century building take up 285 square meters. You do get a terrace with a view of Old Town.

Žižkov penthouse with a view

While Žižkov doesn’t often come to mind when people mention luxury, it is home to Penthouse Jeseniova, which ranks as the third-most expensive currently on the market. The flat interior is 527 square meters, but with terraces and a garden, it adds up to 1,197 square meters. It also has a glass-covered atrium and pool and private elevator.  

While most of the flats are finished and fully decorated, one on the list is being sold as shell-and-core, meaning the buyer can customize it. The sixth-ranked Penthouse Vanguard in Modřany is part of a new development. The 170-square-meter flat with an additional 160 square meters of terrace has an asking price of CZK 86.6 million.

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