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Investment

The Czech property market is one of the most mature markets amongst overseas property investors in Europe, certainly outstripping many of its neighbouring countries. Property in Prague has been popular for many years and as such the market could be considered as mature with pricing in the more desirable areas of Prague to be comparable to pricing in London. Prices are set to rise in Prague by approximately 10% over the forthcoming year, so there is still potential for the overseas property investor.

There are a number of different styled properties on offer in the Czech Republic. These can range from houses constructed prior to the Second World War, new build housing and apartments. Houses built prior to the Second World War tend to be of a higher build quality than housing that was built during the post war communist era, however, all modern housing is constructed to EU standards.

Property pricing is extremely location sensitive in the Czech Republic. Areas of Prague's old town are very desirable as is the up and coming Brno.

There is also great potential for property rental, both long term and short term. You could expect to receive a return of approximately 7% for a long-term rental in Prague and this can rise to 12% in Brno. The short-term rental market will provide greater returns but less security. You could expect to receive rental income of 80-100 per night for a centrally located property in Prague.

If you were to look further a field into the Czech countryside you could purchase a small summer cottage known as a "Chata". This would typically have 4 rooms and a spacious garden. You would be able to purchase a Chata for approximately 5,000 which would make an ideal retirement home.

Prices for house purchases in the two most popular areas of the Czech Republic are as follows:

Prague

234,000 for a 2 bedroom property
237,000 for a 3 bedroom property
253,000 for a 4 bedroom property

Brno

60,000 for a 2 bedroom property
88,000 for a 3 bedroom property
130,000 for a 4 bedroom property

Prices for weekly property letting in the two most popular areas of the Czech Republic are as follows:

Prague

680 for a 1 bedroom property
895 for a 2 bedroom property
940 for a 3 bedroom property

Brno

282 for a 1 bedroom property
407 for a 2 bedroom property
560 for a 3 bedroom property

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