Frequently-asked questionCan I buy to let? That is, purchase property and rent it out? 
One customer says“When investigating property abroad, it is easy to be misled by people with vested interests in particular developments or companies. An independent agent can save ... MORE House. Apartment. Cottage.
The dream costs less here.
The price of choice real estate, businesses, consumables and labor in the Czech Republic are still only a fraction (about 20% cheaper on average) of what they cost in nearby Western countries like Austria and Germany, Prague real estate excepted.
With proper research—and the assistance of a trustworthy local company such as our own—the Czech Republic now offers you a unique opportunity to maximize both the value and return of your investment capital like nowhere else in the world at this time, and for the foreseeable decade.
What’s available
Due to the internal changes making way for the arrival of the Euro common currency, property prices are steadily rising in the Czech Republic and will continue to do so over the next 6 years, to more closely match those of neighboring European countries.
The rise is happening at a rapid pace that is gaining momentum on a monthly, not yearly, basis.
However, an investor can still buy businesses, land and property for a fraction of what this would cost today in Western Europe, earn a substantial ROI minus expenses on rapid turnover, or buy and hold for potentially greater future returns.
Some examples of properties, and their prices, which we assisted clients with over the last three years include the following (current exchange rates):
- A large family house in excellent condition with 18,000 sq. ft. (2,000 sq. m.) of property for 975 000 CZK. Typical prices range between 1 000 000 - 2 500 000 CZK.
- 27,000 sq. ft. (3,000 sq. m.) of commercial property in a smaller town with all utilities, permits and blue prints, pre-zoned for building construction, for 600 000 CZK. Typical prices depend heavily on location.
- 14,600 sq. ft. (1,800 sq. m.) of garden space near a small village, with a 50-tree fruit orchard and a cozy 3-season cottage, with city water and electric for 137 500 CZK. Typical prices range from 125 000 - 1 000 000 CZK.
- An apartment complex in Brno, the country’s second-largest city, with 7 apartments, reconstructed, for 2 850 000 CZK. Typical prices range from 2 500 000 – 6 000 000 CZK, up to 11 250 000 CZK for a reconstructed castle or villa (mansion).
What you need to know
The following issues are all addressed thoroughly in Frequently-Asked Questions:
- Can I buy property to let (rent)? What is the expected return?
- Should I buy off-plan (pre-built)? What is the expected return?
- What is the total price of a property purchase with all fees?
- What is the expected return on a resale?
- Can I get a mortgage for my property as a foreign citizen?