The newly published study by Dataligence draws on the so-called Metroindex, an indicator of the value of flats in locations near the metro, compiled by the specialised portal Hypox. If you are interested in the complete housing price map around the metro, you can view it at this link. For the FLAT SERVICE blog we have picked out a few interesting points that have also caught the attention of the Association of Rental Housing, of which we are a member. For the record, it should be noted that the Hypox researchers calculate property prices within a distance of 500 metres, with the exception of areas where residential development lies further from the station – there they work with a walking distance of 1 kilometre.
1. Holešovice on the rise
By far the largest price growth was recorded around the Nádraží Holešovice station. Holešovice is one of the most attractive and sought-after Prague districts, one that has managed to come to terms with its heritage and transform itself into a modern neighbourhood with an excellent range of services. A number of interesting development projects are taking shape here, for example SoHo. And the planned revitalisation of the Bubny brownfield site will change the whole district even further.
A speciality of the Prague metro is how easily lines and stations can be told apart thanks to colours and artistic features used for many decades. So you can hardly miss the interchange at Můstek station in the city centre
2. “Line B” pulls from west to east
More than twofold price growth was recorded around four stations; apart from the aforementioned Holešovice railway station, these are Invalidovna, Zličín and Černý Most. Praguers and well-oriented visitors will already see that these are three stations on the yellow-marked line B, connecting Prague from west to east (and back). What may be slightly surprising is that the price growth concerns both terminal stations. Construction of the new terminus Depo Zličín has been suspended, which is very bad news above all for those living in the Prague-West district who had been counting on it in the future for its excellent accessibility by car. The riser of the next decade could be Smíchovské nádraží, where an entirely new district will soon emerge.
3. “Line C” is among the cheaper ones
Talking about affordable locations in the capital may sound something of a paradox, yet there are still two metro stations near which you can buy housing below the magic threshold of 100,000 Kč per square metre. It is probably no surprise that one of them is Letňany, located in the north of the metropolis. It serves mainly as a bus terminal, as it sits in an open area that was in the past considered for use as an Olympic complex or a new government quarter. Quite possibly, however, the needs of ordinary Praguers will prevail in the end and housing will be built on the fields around the station. In that case, one can also expect a change in the structure of the housing stock in the area and rising prices. The second station with current housing prices below 100,000 Kč per square metre is Roztyly. Other stations on line C also rank among the cheaper ones, for instance the entire northern section beyond the Vltava (Kobylisy, Ládví, Střížkov, Prosek) or the so-called Jižní Město (Chodov, Opatov, Háje).
As a rule, somewhat better prices are found for flats around stations located in the middle of the large housing estates in the north, south and also west of the capital
4. “Line D” will reshape the map in the future
Interestingly, the Metroindex currently also tracks prices around the new stations on line D, which will connect the Pankrác interchange on line C with Krč, Libuš and Písnice. Around Nové Dvory and in Písnice, properties can currently be bought for less than 100,000 Kč per square metre, but it is a question of how much longer. If you are currently looking for an interesting investment opportunity, properties in the immediate vicinity of metro line D stations already under construction or planned may represent a unique chance. The first section, Pankrác – Olbrachtova, is currently under construction, and work on the Olbrachtova – Nové Dvory and Pankrác – Náměstí Míru sections should begin next year. Prague will start building the final part, Nové Dvory – Depo Písnice, in 2026 at the earliest, and if all goes well, we will ride it at the beginning of the next decade.
5. The metro holds value
Given all of the above, it is probably no surprise that the specialists from Hypox point out that it is precisely the presence of a metro station in the immediate vicinity that acts as a kind of guarantor of a property’s stable value. The metro is here to stay and, barring a truly catastrophic scenario, it will remain a unique advantage in the decades to come. It is therefore no wonder that flats near the metro are attractive investments and offer the prospect of higher rental income. Last but not least, they also attract retail buyers who want to acquire such a property precisely for reasons of their own comfort and perhaps also independence from individual car transport. Whether your flat is near a metro station or not, we will gladly help you rent it out to a reliable tenant. We will handle all the paperwork and take care of maintenance and repairs. You can enjoy your well-earned rental income without any worries. Just call +420 277 000 330 or write to sales@flatservice.cz.
