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Property Investment - Czech Republic
The property market in the Czech Republic has opened up to foreign investors, who can now borrow as much as 85% LTV. A member of the EU and one of the most stable and prosperous post communist states, the Czech Republic stands as a Central & Eastern European investment hot-spot. With its capital Prague, a hub of business and tourism activity, combined with the emergence of low-cost flights, the Czech Republic is an easy choice for overseas investors.
Since its accession into the EU, foreign freehold ownership has been simplified, with investors now able to purchase property freely. Before its accession into the EU, if the purchaser wasn’t a resident you had to form a limited liability company (SRO) in order to own land or property in the Czech Republic. This is no longer the case.
With the country currently experiencing a second phase of growth, Prague presents itself as the more stable investment. Second and third tier cities are however experiencing excellent growth yet property remains relatively cheap to purchase. With a domestic demand driven market, supply still remains low. Although the Czech Republic’s capital is one of the most beautiful cities in Europe, it is not a tourism based or second home driven market. The rental market is strong though, whilst capital appreciation remains steady. With demand constantly rising, there is still a huge shortage of readily available property for the local population. This will ensure property prices will continue to grow.
The property market in the Czech Republic has opened up to foreign investors, who can now borrow as much as 85% LTV. A member of the EU and one of the most stable and prosperous post communist states, the Czech Republic stands as a Central & Eastern European investment hot-spot. With its capital Prague, a hub of business and tourism activity, combined with the emergence of low-cost flights, the Czech Republic is an easy choice for overseas investors.
Since its accession into the EU, foreign freehold ownership has been simplified, with investors now able to purchase property freely. Before its accession into the EU, if the purchaser wasn’t a resident you had to form a limited liability company (SRO) in order to own land or property in the Czech Republic. This is no longer the case.
With the country currently experiencing a second phase of growth, Prague presents itself as the more stable investment. Second and third tier cities are however experiencing excellent growth yet property remains relatively cheap to purchase. With a domestic demand driven market, supply still remains low. Although the Czech Republic’s capital is one of the most beautiful cities in Europe, it is not a tourism based or second home driven market. The rental market is strong though, whilst capital appreciation remains steady. With demand constantly rising, there is still a huge shortage of readily available property for the local population. This will ensure property prices will continue to grow.
Nazare, Portugal
• Boutique Town Centre Development
• Strong potential for Capital Appreciation
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