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Czechia is worse than you think. Ten years ago, a standard apartment in Prague cost around €150,000. Today, that same apartment costs half a million. To buy it, you would need to save your entire gross salary for 15 years—making Prague the most unaffordable city in Europe. Prague apartment prices have actually tripled in a decade—matching Berlin and Vienna—while Czech salaries remain half of German levels. The result? Only 14% of young Czechs can afford a mortgage today, and 77% fear they'll never own a home. In this video, I break down how a toxic mix of near-zero interest rates, suffocating bureaucracy, and external shocks from COVID and the Russia's brutal, unprovoked war against Ukraine created the perfect storm. We'll look at why it takes longer to get a building permit in Prague than in Bangladesh, how inflation hit 18% and crushed real wages, and why Czechia just recorded its lowest birth rate since 1806. This isn't just a Czech story—it's a warning for the rest of Europe. 🔔 Subscribe for more explainers on Central European politics and economics. 💙 Support Prague Pulse on HeroHero: https://herohero.co/PraguePulse or https://ko-fi.com/praguepulse. Also download our 2026 CEE Survival Guide for free. Find out what awaits the region this year with this simple cheat sheet: https://forms.gle/dTMkSrxgSoYspJrc7 Your support makes independent journalism on this region possible. -------- Chapters: 00:00 Introduction 01:21 The Success Story 02:05 The Cheap Money Trap 03:05 The Bureaucracy Problem 04:03 The Shocks 05:13 A Generation Locked Out 06:48 Government Failures ------ Sources: 1: https://www.theguardian.com/world/201... 2: https://archiv.hn.cz/c1-66850530-byty... 3: https://www.kbc.com/en/economics/publ... 4: https://cesky.radio.cz/hypotecni-reko... 5: https://www.bennettschool.cam.ac.uk/b... 6: https://ct24.ceskatelevize.cz/clanek/... 7: https://ekonom.cz/c1-67116830-covid-p... 8:https://www.seznamzpravy.cz/clanek/ek... 9: https://www.seznamzpravy.cz/clanek/do... 10: https://www.pravniprostor.cz/aktualit...