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Real Estate in Ostrava, Czech Rep | Digital Nomad Exchange
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Real Estate in Ostrava, Czechia

By Betsy Burlingame

Last updated on Oct 07, 2024

Summary: People living in Ostrava, Czech Rep offer advice about real estate. How do you find a home in Ostrava? Should you buy or rent? What is the cost of housing?

Urban Address Prague
Urban Address Prague
Urban Address Prague
Urban Address Prague

What is a typical expat home or apartment like in Ostrava?

"A typical expat home or apartment in Ostravaublic, is often located in the city center or in the more upscale neighborhoods. These homes are usually modern and well-maintained, with a blend of traditional Czech architecture and contemporary design. They often feature spacious living areas, fully equipped kitchens, and one or more bedrooms. Some apartments may also have a balcony or a small garden. The interiors are usually furnished, with comfortable furniture and modern appliances, including a washing machine, dishwasher, and high-speed internet. Some expat homes may also have additional amenities like a fireplace, underfloor heating, or air conditioning. Many expat apartments are located in buildings that offer additional facilities such as a gym, swimming pool, or a secured parking area. They are often situated close to public transportation, shopping centers, restaurants, and international schools, making it convenient for expats. Despite being in urban areas, many homes still offer a quiet and peaceful living environment. Some apartments may also offer beautiful views of the city or nearby parks. The size and style of the homes can vary greatly, depending on the expat's budget and personal preferences. In terms of the rental process, most landlords require a security deposit and the first month's rent upfront. It's also common for landlords to include utility costs in the rent, although this can vary. Overall, expat homes in Ostrava offer a comfortable and convenient living environment, with a range of options to suit different needs and budgets," remarked one foreigner who made the move to Ostrava.

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Urban Address Prague

Urban Address Prague is a bespoke boutique one-stop-shop solution for your property needs in Prague and the Czech Republic. We don't just find you the perfect apartment, we build your Prague dream. And what's more - we can arrange everything remotely, stress-free. We are your partner to help you make Prague your new home.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Ostrava?

If you are thinking about moving to Ostrava, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Ostravaublic, can vary greatly depending on the location and size of the property. For instance, in the city center, the cost of an apartment can be relatively higher compared to the outskirts. On average, the cost of a one-bedroom apartment in the city center may be around 7,000 CZK per month. If you're looking to buy, the price per square meter for an apartment in the city center can be approximately 40,000 CZK. However, these prices can fluctuate based on market conditions and other factors," said one person in Ostrava.

Should I buy or rent a home in Ostrava?

If you have not spent a lot of time in Ostrava, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Ostravaublic, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Ostrava for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with additional costs such as maintenance, insurance, and property taxes. It also requires a significant upfront investment for the down payment and closing costs. If you're not ready for these financial commitments, renting might be a better option. Renting a home in Ostrava offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money and the landlord is responsible for maintenance and repairs. However, renting doesn't build equity and rent prices can increase over time. You also have less control over your living situation, as the landlord can decide to sell the property or not renew your lease. In conclusion, both buying and renting a home in Ostrava have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," explained one person living in Ostrava, Czechia.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Urban Address Prague

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