Prague will increase the rent for non-residential premises and buildings and the rent for land by the rate of inflation. This follows from a document approved today by Prague councillors. Rent in flats and non-residential premises is also being increased by the city councils. The average inflation rate for the whole of last year was 10.7 percent, according to the Czech Statistical Office.
“Regular rent indexation is important, among other things, because it is the only way to increase rents for historic contracts concluded for decades. It also makes sense because of the large number of open-ended contracts. As inflation rises, the city’s costs for keeping the properties in good condition also increase,” said Councillor Adam Zábranský (Pirates).
Last year, Prague increased rents by half of the previous year’s inflation. In 2022, inflation reached 15.1 percent.
This year’s increase in rents in flats and non-residential premises is being addressed and approved by the city councils. Most often they have increased rents, like the city council, by average inflation. New prices are charged, for example, in the ninth or tenth municipal district or in Prague 4.
Source: CTK
