Frequently-asked questionWhat exactly is an SRO and do I need one? 
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Prague newsThe D1 highway linking Prague, Brno and Ostrava – the Czech Republic’s three largest cities – has been completed. With a new thirty-kilometre section costing CZK 7.6 billion now in operation, drivers can travel the 385 kilometres from Prague to Ostrava in relative comfort on the highway. — November 2009Prague. Welcome to the heart of Europe.
The Prague property market has and continues to see overwhelming demand from both foreign and local investors. And who wouldn’t like to own a property in this fairytale city that pulls at your heart strings and attracts major foreign investors on the basis of economics.
Property prices have seemed to defy gravity for quite a few years, posting consistent gains year after year. However, the constant price increases have influenced rental yields. Pushing them down to around 4% as of the time of this writing 3Q 2008. The last year has started to show signs of a slowing market as the price of the crown affects foreign investors.
In a nutshell
We feel Prague investors now need to exercise caution. With numbers indicating the top of a property market, we recommend using local advice and good judgment in choosing the right investment. Don’t let your heart get too carried away.