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Real Estate in Olomouc, Czech Rep | Expat Exchange
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Real Estate in Olomouc, Czechia

By Betsy Burlingame

Last updated on Oct 06, 2024

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

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Urban Address Prague
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Urban Address Prague

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

"A typical expat home or apartment in Olomoucublic, is often located in the city center or in close proximity to public transportation for easy access to the city's amenities. These homes are usually fully furnished, featuring a blend of modern and traditional Czech design elements. The living room is often spacious, with comfortable seating, a television, and sometimes a fireplace for colder months. The kitchen is typically equipped with all necessary appliances, including a refrigerator, stove, oven, and sometimes a dishwasher. Some apartments may also have a dining area within the kitchen. Bedrooms are usually cozy and comfortable, often with ample storage space. Bathrooms are typically modern and clean, with either a shower or a bathtub, and sometimes both. Many expat homes in Olomouc also come with additional amenities such as a balcony or terrace, offering views of the city or surrounding greenery. Some apartments may also have access to a shared garden or courtyard. Despite being in a city, it's not uncommon to find homes with a fair amount of green space nearby, as Olomouc is known for its parks and green areas. In terms of the building itself, many expats live in renovated historical buildings that retain their original charm, while others may choose more modern apartment complexes. Regardless of the type, most buildings in Olomouc are well-maintained and safe, often with a system in place for waste disposal and recycling. Lastly, it's worth noting that while some expats in Olomouc may choose to live alone, others may opt for shared living arrangements, particularly those who are in the city for short-term work or study. These shared apartments usually have private bedrooms with shared common areas, such as the kitchen and living room," said one person in Olomouc.

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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.

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

What is the average cost of housing in Olomouc?

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

"The average cost of housing in Olomoucublic, can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost around 12,000 CZK per month, while the same type of apartment outside the city center may cost around 9,000 CZK per month. If you're looking to buy property, the average price per square meter in the city center is approximately 60,000 CZK, while outside the city center, it's around 40,000 CZK per square meter. However, these prices can fluctuate based on market conditions and other factors," explained one person living in Olomouc, Czechia.

Should I buy or rent a home in Olomouc?

If you have not spent a lot of time in Olomouc, 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 Olomoucublic, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Olomouc for an extended period and have the financial means, buying a home can be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property value over time. Additionally, owning a home provides stability and the freedom to make changes to the property as you wish. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting may be a better option. Renting a home in Olomouc allows you to avoid the upfront costs and long-term commitment associated with buying a property. It also provides the opportunity to explore different neighborhoods and types of homes before settling down. Furthermore, renting can be more affordable in the short term, as you won't be responsible for property taxes, maintenance, and other costs associated with homeownership. Ultimately, the choice between buying and renting a home in Olomouc depends on your individual needs, preferences, and financial situation. It's essential to carefully consider your options and consult with a local real estate expert to make the best decision for your circumstances," explained one person living in Olomouc, Czechia.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat 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.

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