Property in the Czech Republic for sale

Over the past decade, the most difficult year for the Czech real estate market was the crisis year 2009, when the decline in value exceeded 12% year on year after the 17% growth noted the year before. Already in 2010 the situation began to stabilize, and two years later, despite the weak economy of the country, a new growth of the sector began.

The dynamics of prices in percent according to the Global Property Guide.

Popular regions and prices

Traditionally, the most expensive apartments are located in the capital - Prague and the famous resort of Karlovy Vary. Almost twice cheaper than an apartment in Cesky Krumlov, at the resorts of Frantikovy and Marinsk Lzn. The most budgetary real estate in the Czech Republic (almost 10 is cheaper than in Prague) are located in the стеst Region, in the north-west of Bohemia.

Thus, the cost of apartments in the central areas of Prague, especially in historic buildings near the Vltava River, averages 150,000 kroons (€ 5453) per square meter, but can also reach 250,000 kroons (€ 9089) per square.

The average for the country, given the prices for apartments, individual houses and luxury properties, the cost of square meters. M is 3300 euros.

Purchase process, mortgage and taxes

Since 2009 (after the removal of the temporary ban on the purchase of housing in the country by foreigners), any foreign citizen has the right to purchase real estate in the Czech Republic, both as a physical and as a legal entity. The exception is land plots that are prohibited from being sold to non-residents.

The average interest rate on new mortgage loans is less than 2.5% per annum, while even its maximum rate, fixed in August 2008, did not exceed 5.8% per year. An interesting feature of Czech banks - when obtaining a loan, you can bargain on the size of the loan rate. To obtain mortgages, foreigners with and without permanent residence can claim equal terms with local residents, but for foreigners the interest rate may be overstated.

Taxes for the purchase of real estate

The tax for buying a second home in the Czech Republic is paid by the buyer at a rate of 3%, and buying a home in the primary market, the buyer must pay a 10-20% VAT. The annual tax and utility payments for real estate in the country are calculated depending on the area of the property and its location.