Every time I arrive in Prague by train, I wonder how much it costs to buy a flat with a view of the whole city. Well, someone just answered that question. They paid 16 million Czech crowns for it. And get this – it sold in three days.
My name is Robin Petrásek, and since 2014, I’ve been helping foreigners buy and sell property in Prague. This flat proves a simple rule: in Prague real estate, views aren’t just nice to have. They’re worth about 2.5 million crowns extra.
The apartment sits on Italská Street in Vinohrady, measuring 75 square meters. It sold in August 2025 for over 16 million crowns. That’s 237,000 crowns per square meter, which for context is more than people pay for an older car.
Imagine having the choice of one square meter or a car. Would you rather buy this flat or get a fleet of 75 cars? I mean, if I want to start a rideshare service, might go with cars. But realistically, cars lose value. Properties in Prague? That’s another story.
You’re living in Vinohrady, one of Prague’s most desirable districts. Five minutes walk to main station, relatively close to Náměstí Míru metro or Můstek. Surrounded by the kind of cafes where people actually work on their MacBooks without irony.
But the real selling point? Step onto the balcony and you’re looking at all Prague has to offer like a medieval theme park. Castle, bridges, red roofs. Oh, and the huge roof of the main train station.
You’re on a main street, which means noise levels hit about 70 to 75 decibels. It doesn’t help that this building sits right above the train station. Picture this: at six in the morning, you’re enjoying your coffee with your million-crown view, and suddenly clang clang, it’s the next 547 train to Brno reminding you that Czech railways don’t believe in sleeping in.
Remember the old days when train brakes squeaked like a pig going to slaughter? I’m glad those times are gone. For the train brakes. Not sure if the pigs would agree.
The good news? After a few months you’ll either develop selective hearing or become the most well-informed person about train schedules. Random fact: a ferroequinologist is a person who likes trains. If you’re one of those people, maybe you don’t care about the views at all. You just love trains.
Parking runs 60 crowns per hour with a maximum of three hours in zones Prague 2 and 3. Park your car for a full day and you’ve just paid 540 crowns. That’s roughly what a good dinner costs for two. Park here regularly and your monthly parking bill exceeds some people’s grocery budgets.
That’s why locals have a saying in Prague: we don’t own cars, we rent very expensive street decorations. But you’re not parking outside like a peasant. There’s an underground garage, of course.
If you happen to work in the Deloitte building, you can go to work in slippers because from your home to your work it’s 30 meters. Bus 135 at Churchill Square sits right outside. Náměstí Míru metro is walking distance. The main train station is literally downhill. You’re basically living inside Prague’s transport hub.
Yes, we can be spoiled and say the metro is too far, like ten minutes walk to Můstek or Museum. But come on.
The building was completed in 2008, which in Prague Vinohrady terms makes it practically space age technology. Proper insulation, modern systems, and an elevator that actually works. The flat benefits from being in a smaller building with only 14 apartments, so you won’t share your elevator with half of Vinohrady.
Plus, at this price point, your neighbors probably aren’t the type blasting music at two in the morning. Though I’ve seen people with luggage indicating some Airbnb in the building. Wouldn’t be surprised given the premium location.
Energy-wise, you’re looking at decent performance for a building from 2008. It’s not passive house standard, but it won’t bankrupt you in heating bills. Not that you care really.
Similar flats in this area usually sell for around 180,000 per square meter or a bit less. So what made this one worth 2.5 million more? Two words: the view and modern building.
At 16 million, this flat could probably rent for around 80,000 to 85,000 crowns monthly, assuming you find someone who wants to pay premium rent for premium views. That gives you roughly 3.75 percent ROI, which isn’t bad for Prague.
But let’s be honest. If you’re buying this flat, you’re not buying it for the yield. You’re buying it because you want to wake up every morning and think, “Yeah, this is my view.”
Similar apartments in the building rent for 70,000 to 85,000 monthly and get snapped up pretty fast because apparently there are enough people in Prague who think paying premium rent to look over castle views and the train station is perfectly reasonable.
Someone thought so, and they bought it in three days. This isn’t a flat for everyone. It’s for people who want the best address, the best view, and don’t mind paying for both. It’s for people who think that waking up to a castle view every morning is worth more than a few dozen cars extra.
Would I buy it if I had 16 million lying around and wanted to feel like the king of Prague every time I open my curtains? Absolutely. Sometimes in real estate, you’re not just buying square meters. You’re buying the feeling that comes with them. And in this case, that feeling costs exactly 2.5 million crowns.
Want insights on Prague property without the real estate agent marketing fluff?
Reach out at robin@expatsfinance.cz or call +420 777 877 849.
Robin Petrásek Founder, Expats Finance
