Dxpat.com

Housing website for Czech Republic

www.real-estates.cz/

Real Estates-Property: The most extensive real estate website in the Czech republic offering a wide range of sale and rent advertisements for flats, houses, plots …

czech-properties.cz/

Largest offer of real estate in the Czech Republic. We offer flats, houses, new buildings, commercial facilities, land, cottages, farmhouses, and other property for …

www.expats.cz/praguerealestate/

Apartments, houses, developments & property for rent and sale within Prague and around the Czech Republic.

www.globalpropertyguide.com › Europe

A look at real estate investment in Czech-Republic from the perspective of property income, taxes and Czech investment prospects.

www.czech-holiday-houses.com/

Ferienhäuser, Bungalows und Appartementen – Urlaub Tschechien.

The Czech Republic (officially Czech: C(eská republika, short form in Czech: C(esko) is a landlocked country in Central Europe and a member state of the European Union. The country has borders with Poland to the north, Germany to the northwest and west, Austria to the south, and Slovakia to the east. The capital and largest city is Prague (Czech: Praha), a major tourist destination. The country is composed of the historic regions of Bohemia and Moravia, as well as parts of Silesia.

The Czech Republic possesses a developed, high-income economy with a GDP per capita of around 80% of the European Union average. One of the most stable and prosperous of the post-Communist states, the Czech Republic has been recovering from recession since mid-1999.

Moves to complete banking, real estate (property), and energy privatisation will add to foreign investment, while intensified restructuring among large enterprises and banks and improvements in the financial sector should strengthen output growth.

There are several centres of tourist activity: The historic city of Prague is the primary tourist attraction, and the city is also the most common point of entry for tourists visiting other parts of the country. Most other cities in the country attract significant numbers of tourists, but the spa towns such as Karlovy Vary and Mariánské Lázne( are particularly popular holiday destinations. Other popular tourist sites are the many castles and chateaux, such as those at Karlštejn, Konopište( and C(eský Krumlov. Away from the towns, areas as C(eský Ráj, Šumava and the Krkonoše mountains attract visitors seeking outdoor pursuits.

Since the Czech Republic joined the European Union in 2004 the property (real estates) buying process and related rules and regulations for foreign freehold ownership of real estate in the Czech Republic have been streamlined and simplified.

Having said that, the property (real estates) buying process in the Czech Republic remains complicated and the ongoing property ownership rules can also be rather trying. This is why you will find many intermediary companies available in the Czech Republic all offering to assist you with your property (real estete) purchase and management! If you wish to go it alone or at least have a good idea of what you’re about to get into then here’s the buying process in a nutshell.

After four years of price falls, the Czech Republic’s residential market remains depressed.

Apartment asking prices dropped by 5.2% (-7.4% inflation-adjusted) in 2011, according to the Czech National Bank (CNB). In Q4 2011, apartment prices fell by 0.9% (-1.4% inflation-adjusted), and are expected to fall another 4% in 2012, according to analysts. Transactions last year were 20% below the peak levels of 2008.

The Czech economy is now in recession. It is expected to contract by 0.2% in 2012, having shrunk by 0.3% q-o-q in Q3, and 0.1% q-o-q in Q4 2011. In 2011, the economy expanded by 1.7%, following growth of 2.7% in 2010.

To cut the budget deficit, VAT was hiked in January from 10% to 14% (lower rate VAT). This is the second VAT rise since January 2010, when both standard and lower VAT rates rose by 1 percentage points, to 20% and 10%, respectively. In 2013, VAT will be unified at 17.5%.

Czech annual house price change graphThe lower VAT rate applies to selected goods such as food, medicines, books, new housing units and housing-related expenses (water and heating). While only imposed on new houses, the increase will weaken overall demand.

The average apartment price is CZK1,747,244 (€69,478), according to realitymorava.ck, the leading residential portal. Prague 2 has the most expensive housing. The average apartment price is CZK4,889,909 (€194,445), followed by Prague 1, with an average apartment price of CZK4,453,595 (€177,095).

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