Czech micro‑apartment surge amid growing doubts about housing affordability

Micro‑apartments are becoming a mainstream product in the Czech real estate market. Developers are converting former hotels and office blocks into units ranging from about 15 to 48 square metres, appealing to young professionals, students and single renters. Prices have risen sharply, with a 16‑square‑metre unit in Prague’s Smíchov district selling for over CZK 4 million and a 21‑square‑metre flat in the city centre exceeding CZK 5 million.

At the same time, a recent poll shows that nearly half of Czech respondents feel pessimistic about their ability to afford a home. The perception of unaffordable housing is deepening, reflecting broader concerns about rising property prices, costly mortgages and increasing rents across the country.