| Czech
living costs
If you are economically independent, spending
money in the Czech Republic can actually be profitable and comparing
prices of Czech products and services to those of other West European
countries can be a pleasant surprise.
Even in Prague, where most costs and prices
are at least twice as much than elsewhere in the Czech Republic,
you still save a lot of money compared to other EU countries.
For example:
Go out for a meal somewhere in the north
of Italy, not necessarily in the main towns such as Milan, Venice,
Torino etc, and you will spend a fortune.
Cost of a
meal for 2 in Italy
Service: Euro 3,00
Hors d'ouver (antipasto): Euro 10,00
First course (pasta) : Euro 16,00
Second course (meat, fish): Euro 25,00
Bottle of wine: Euro 10,00
Desert (ice cream, lemon sorbèt,): Euro 8,00
Coffee: Euro 3,00
Brandy: Euro 6,00
Total: Euro 81,00
Cost of a
meal for 2 in Prague
Service: Euro 0,00
Hors d'ouver (antipasto): Euro 5,00
First course (pasta) : Euro 10,00
Second course (meat, fish): Euro 16,00
Bottle of wine: Euro 4,00
Desert (ice cream, lemon sorbèt,): Euro 4,00
Coffee: Euro 1,00
Brandy: Euro 3,00
Total: Euro 43,00
Cost of a
meal for 2 in a Czech Provincial Town
Service: Euro 0,00
Hors d'ouver (antipasto): Euro 3,00
First course (pasta) : Euro 6,00
Second course (meat, fish): Euro 10,00
Bottle of wine: Euro 3,00
Desert (ice cream, lemon sorbèt,): Euro 3,00
Coffee: Euro 1,0
Brandy: Euro 2,00
Total: Euro 28,00
Renting an
average 2 bedroom flat in an average German town
Monthly rent: Euro 700,00
Monthly costs (electricity, gas, heating): Euro 200,00
Total: Euro 900,00
Renting an
average 2 bedroom flat in Prague
Monthly rent: Euro 400,00
Monthly costs (electricity, gas, heating): Euro 100,00
Total: Euro 500,00
Renting an
average 2 bedroom flat in an average Czech town
Monthly rent: Euro 250,00
Monthly costs (electricity, gas, heating): Euro 100,00
Total: Euro 350,00
Real Estate Cost comparison
Comparing
real estate in Czech Towns:
In an average small sized Czech town you can buy a small family
house in good condition starting at Euro 40.000.
In a similar small German, UK, Italian or
other western European sized town you would be lucky to find the
same property for under Euro 180.000.
For Euro 180.000, you could probably
buy a decent family house near Prague.
Comparing
real estate in Czech Villages:
In a small Czech village say 80 km distant from Prague
you can find a small residential house up for sale (with renovation
needed) for Euro 20.000. Add another Euro 10.000 for the renovation
and you end up with a brand new house to either live in, rent
out or to resell with a substantial profit.
Try doing the same elsewhere in Western
Europe and your initial outlay might be in the region of Euro
60.000 but the renovating costs would be another Euro 60.000 or
more, due to more expensive renovating material and labour costs.
Also see: Czech
prices and costs
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