Staré Město (Old Town)

Staré Město is the storybook centre of Prague: a thousand-year-old tangle of cobbled lanes opening onto the Old Town Square, where the 1410 Astronomical Clock draws crowds beneath the twin Gothic spires of the Týn Church and the Baroque Clementinum library sits a block from the Charles Bridge. Pařížská street lines up the world's luxury houses, the Kotva store anchors náměstí Republiky, and nearly every other building is a pub, café or restaurant. It is dazzling, and unrelentingly busy. For investors this is the apex of Prague scarcity: a fixed, heritage-protected stock commanding the country's top prices (€8,000–€10,000+/m²). Much of its income story was written by tourism and Airbnb, which is precisely why it sits in the crosshairs of Prague's short-let regulation; long-let yields here are thin. The enduring appeal is the address itself, a globally recognised, supply-constrained trophy asset (often with valuable ground-floor retail) that preserves capital across cycles, bought for prestige and resilience rather than monthly return.

Staré Město (Old Town) in Prague, Prague, Czech Republic