· 4 min · BYTELO
Selling a Garage or Parking Space in Prague
Parking spaces rank among the fastest-selling real estate assets in Prague. Here is how to determine the right asking price and what key factors to bear in mind.
Pricing Garage Spaces
In central Prague, an allocated parking space typically sells for CZK 1 to 1.8 million, compared to CZK 400,000 to 700,000 on the outskirts. Proximity to a metro station and the scarcity of local on-street parking are the primary value drivers.
Legal Ownership Structure
These transactions frequently involve an undivided co-ownership share in a residential garage unit. It is essential to verify whether other co-owners hold pre-emption rights, as well as review the governing rules of use.