How profitable is the purchase of real estate in the Czech Republic

For many years, commercial and residential real estate in the Czech Republic has been one of the most accessible to Russians and residents of the CIS countries. Foreigners can buy it, for example, to legal entities that are registered in the Czech Republic. It is worth noting that the prices of apartments in Prague and in other cities of the country are growing a year after year. And this is quite understandable, since the demand for objects such as apartments and houses is stably high. Many buyers want to live in the Czech Republic, many are simply profitable to invest in funds. In the latter case, we are talking not only about the possibility of further sale of real estate at a higher cost. As you know, the Czech Republic is very beloved and visited by tourists around the world. Many owners of apartments and houses rent their objects for rent. And get stable and high profit. If you want to buy real estate in the Czech Republic, but you do not have enough financial resources, then you should pay attention to various banking mortgage programs. Czechs themselves can conclude an agreement for a period of 40 years. Foreign citizens – for 30 years, which is also very convenient and not too burdensome. It is worth noting that foreign investors today are increasingly buying real estate in a mortgage. They rent their housing in hiring to tourists and vacationers, and for the money received pay off the accrued interest on a mortgage loan. An important point also is that banks give out 85 percent of the price of objects maximum. In other words, you should be prepared to make 15 percent of the initial contribution. Of course, real estate in Prague is very popular. And how are other cities? Many objects are offered in the resort areas of the country. These are attractive living apartment buildings, private cottages that were built according to European standards and apartments. A lot of land is also proposed, moreover, they are located throughout the republic. Earth prices depend mainly on remoteness from Prague. If you are interested in buying real estate in the Czech Republic, then our main advice is to turn to a specialized agency for help for help.