(ANSA) - PRAGUE, JULY 19 - House prices in the Czech Republic are 'skyrocketing'. You will spend 11.2 years of gross salary if you want to buy a 70smq apartment. The Czech Republic was ranked first among 12 European countries, mostly in Western Europe, according to a study conducted by Deloitte Property Index. In 2018, the average price was 2,525 euros per square meter. Prague has the highest house prices in the country. In the capital city, prices are 125% higher than the average. Between 2017 and 2018, whereas the prices of new flats in the Czech Republic increased by 16.8%, in Prague they increased by 22%. For the third year in a row, the Czech Republic was ranked first even for the proportion between the price of the apartments and incomes: whereas the Czechs must save the entire gross salary of 11.2 years to buy a 70sqm flat, the Germans just have to save money for 5.1 years. Although house prices in Germany are higher than in the Czech Republic (3.405 euros per sqm) in absolute terms, the Germans, thanks to their higher salaries, can afford to buy a home in a much shorter amount of time. (ANSA).