Our next buying guide tackles of one of the most beautiful countries in Eastern Europe: Czech Republic. Which taxes apply to buying a home, what is the legal procedure and is it a good time to buy in the Czech Republic? It’s all below.
Are you mesmerized by the country and looking to invest in real estate in Czech Republic? Our buying guide* gives you the most important keys to successfully invest in Czech Republic luxury real estate.
Let it be known: Czech Republic is one of the best places to live in Central Europe! Media may slightly undermine it in terms of coverage, but Czech Republic will leave you with more than a lasting impression. For the history lovers, the famous Bohemia region offers one of the richest backgrounds in Europe. Centuries have left their footprint on the architecture, with numerous medieval towns, ancient bridges and monuments throughout Prague. For the culture lovers, time has also allowed for a tremendous cultural scene, especially in the magnificent Prague. Theaters, museums, galleries, fashion, the capital has exactly what you need. The charming cafés will bring down your last walls!
Are you mesmerized by the country and looking to invest in real estate in Czech Republic? Our buying guide* gives you the most important keys to successfully invest in Czech Republic luxury real estate. Our series of buying guides are designed per country and available for more than 15 countries already, including Russia, Brazil and India. Reserved to our Members, we give you an exclusive preview into our Czech Republic Buying Guide now!
How is the Real Estate market in Czech Republic right now?
Green light! The market is very stable, and growing at a measured pace. Prices are expected to grow 2-4% during the next two years. Czech real estate is considered as one of the safest investment in Central Europe.
What is the tax and legal framework surrounding Real Estate in Czech Republic?
Globally, the tax system is pretty flexible. If there is a property tax depending on the size of your plot, you may be exempted from taxes on inheritance and capital gains under certain conditions.
Practically speaking, how do you buy a property in Czech Republic?
You should know administrative processes and paperwork will be easier for EU citizens compared to non-EU citizens. Buying a home in Czech Republic shows no restrictions in the first case. The latter will be more complicated, with the obligation of establishing a Czech limited company (“SRO”) to buy a property. In both cases, we still recommend resorting professional. You know complicated these things can get.
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