House prices in the Czech Republic are "definitely" set to increase as the country's economy continues to grow, according to one expert.

Arnost Hejduk of real estate firm Rooney and Bennett told Radio Praha that the country's housing sector is currently supported by strong demand and economic growth, with a greater number of Czechs now able to afford to buy properties.

"If you believe in the future of the economy of this country, if you believe in the future of growth in Europe generally, you have to consider that the prices on the real estate market will not be equal – comparing Prague to London, definitely – but they are coming to be comparative," he remarked.

While foreign investors still account for a great deal of property owners in the country, Mr Hejduk argued that Czech buyers are now a "significant" group within the republic's property sector.

Daily newspaper Mlada fronta Dnes recently reported that prices of flats in the country's main cities had increased by ten per cent since the end of last year, the Czech News Agency reports.

Demand from foreign investors has helped to send prices upwards, the newspaper claimed, with more real estate companies now selling properties to overseas investors and foreign workers, instead of leasing them.

However, it noted that the majority of new properties constructed in the capital city Prague are being bought by Czechs looking for larger homes for their families.