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Introduction

Traditionally the Czech Republic is known as an Eastern European nation, however, they would have just as strong a case as being referred to as a Central European country when one considers their neighbouring countries are Poland to the north, Germany to the west and Austria and Hungary to the south.

The Czech Republic is one of the newest members of the European Union. The country was accepted in May 2004 and it has proved to be incredibly popular with property investors due to the beautiful geographically diverse countryside and the breathtaking capital city, Prague that contains buildings that are over 600 years old and is divided by the Vltava River, which separates the old town.

Property investors have shown most interest in central Prague - the area that lies within the medieval city boundaries and nationals from a variety of European nations have invested in property in Prague, most notably the English and Irish. Investors from the Netherlands typically target the highlands of northern and southern Bohemia with a view to seeking a holiday home and the city of Brno is popular with all nationalities that are seeking to find a more cost effective option than Prague.

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