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Property in Czech Republic investor warning for 2008

The Czech Republic is being tipped as one of the best places to buy in Central Eastern Europe’s however investors need to take action in 2007 to avoid the huge increase in VAT set to take place at the beginning of 2008.

Czech Capital Prague is a city to invest

Overseas property investors looking for hard evidence that Czech Republic is a great place to invest need to follow the path of the big multi nationals. The Czech Republic capital Prague has been swamped by a large number of international businesses. They have been attracted to the region for several reasons. These include the business friendly regulations, large English speaking and educated work force and a good environment to work.

Prague population need housing

The communist era has left suburbs of Prague with inadequate and poorly built housing. The increasing wealth of the Czech national means they will no longer accept these poor living conditions and the demand for new housing is on its way up. Estimates show that nearly one third of Prague’s population need re-housing and experts in the region indicate that up to 15000 new homes need to be completed annually to 2010 to satisfy demand.

Low cost airlines head to Prague

Every overseas property investor knows the importance of communications in helping a steady flow of people visit a region bringing with them money from overseas. These invisible earnings help keep a city vibrant and developing. Prague benefits from several low cost airlines that will whisk you to the city for less than the price of a 20 minute taxi ride in a major city.

The story of the Czech currency

The Czech Republic currency is the Czech Krona, the government aims to achieve the economic conditions that will let it join the Euro by 2008. When buying property abroad you can save thousands using a currency specialist This is very much the case with buying property in Prague, The low demand for the Krona means rates are not as favourable as the Euro. Currency dealers can book rates up to 2 years in advance and give one to one advice about the best way to transfer money to the Czech Republic.

Money Transfers to Czech Republic

FX dealers who specialist in giving both individuals and corporate clients currency exchange advice can literally save you thousands when buying property abroad.

Money transfer advice

Where to invest in Prague

Property prices in the centre of Prague have boomed despite the increases prices are still 30% cheaper than in London. Property investors need to look to the suburbs in Prague’s districts which could mean substantial capital gains over a 5 year period. Overseas investors need to identify Prague regeneration zones that are receiving government investment to help them along the way.

Off plan development in Prague 8 Czech Republic

Within the city of Prague, the locality of Prague 8 is one of the most up-coming areas, with comparisons often being drawn with successful dockland schemes throughout Europe. There are massive urban redevelopment schemes throughout Prague 8 in the neighbouring suburbs of Karlin and Liben, # ONE Palmovka Prague is the first large-scale residential development in the suburb of Palmovka. With over 277 flats to choose from; ranging in size from 28 sq. meters to 145 sq. meters, this is an ideal place for both Czech professionals and young families who want easy access to the centre without all of the hustle and bustle of a city centre. It is anticipated that overseas property investors will flock to this unique investment property in Prague.

Learn more #ONE palmovka residential and commercial investment property in Prague

Prague an investments city opportunity

It is clear that Prague has a great deal to offer the property investor. Demand for housing not only comes from an increasingly wealthy population but tourists, expats and those who work for large international business. .Combine this with favourable investment conditions, straightforward financing options, simple buying process and relatively low property prices Prague offers a seemingly irresistible place for overseas property investment

Foreign Direct Investment and VAT

Czech Republic’s property market is founded upon a growing economy, high levels of foreign direct investment. However the significant development is the changing VAT laws. From the start of 2008, the VAT rate will increase by 14%.

Find property in Czech Republic

Czech Property useful resources

Official Czech Republic web site at www.czechtourism.com/index.php

Overseas Property For Sale in Czech Republic

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GBP 83,333

Nad Rokytkou Situated in the up

Czech Republic

GBP 55,000

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Czech Republic

GBP 173,462

Two units being offered at undermarket

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EUR 82,000

Jansk� L�zně is a world-famous

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GBP 50,000

Located on the best address in

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GBP 50,000

Brno, the second largest city

Czech Republic

GBP 46,000

Pavlikova Apartments - Ostrava

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