Minden Real Estate

Business Updates for the Real Estate Industry

Buying Property In The Czech Republic

How can a foreigner buy real estate in the Czech Republic? Conditions for buying opportunities: The presence of a registered company in the Czech Republic – the purchase is carried out by your company. Can I get a mortgage? You can – if Permanent residence. Or at the firm, it is desirable that it has not conducted any activities, and at least 25% of the property you are financing its own funds (funds the firm). What are mortgage rates for individual (if CoML) – up to 6% per annum to the company – up to 8% per annum. What are property taxes? Low: for example, 2-bedroom flat in a year from about 15 euros for medium-sized cottage – about 50 euros. Who carries out the state registration property rights? Inventory of real estate through its regional offices.

Is it enough it will be for the firm to take shelter of the firm itself as an individual? Enough. What are the housing prices in Prague? The average price of new housing 2,000 euros per square meter, two-bedroom apartment in a secondary fund worth 100 000 euros. And in the province? Vary by region and size of the city. 2-3-roomed apartment of 68 square meters. meters in the old fund in Pardubice – 1.6 million euros (a year ago – 1.2 million), Liberec – 1.0 million (0.8 million years ago). At the same time in Bridge (north Bohemia), the same apartment is still available for 300 thousand euros. Ten of the thirteen regional centers (corresponding to the Russian district city), the average price of a standard apartment has already exceeded the boundary million kroons. The remaining three of the city – Ceske Budejovice, Ostrava and Usti nad Labem.

As prices rise, real estate in the Czech Republic? Depending on the region – at 8-30% per year. Where better to buy an apartment in Prague? Looking for something: to invest in based on the increase – in the historical center, for a quiet life – in any area for rent – near the metro. Prospective Areas – Zizkov and Smichov, Pankrac, Letany, Prosek, Chimitse, Bognitse. There is a tax on real estate sales. What is it? With sales of property, the seller pays a special tax of 3%. Whether the business is attractive as a small family hotel? Extremely attractive. The main advantage – there is no seasonality, tourists come to the Czech Republic year round. The main condition – the existence of a reliable partner in Russia, which will be sent to you customers. How many take the Czech realtors? Like everywhere else – from 3 to 6% of the transaction.