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Being in Pilsen is like experiencing Prague after the Velvet Revolution: A city left to its own merits and a feeling of progress in the air.

Tucked in the west part of the Czech Republic, in the Pilsen region, Pilsen has become a gateway to many international destinations. Pilsen is conveniently connected to the Western European cities by the D5 motorway that runs from Nürnberg to Prague and the city is located only an hour’s drive from Ruzyne Airport.

Progress comes with great economic prosperity. Being the fourth largest city in the Czech Republic, Pilsen is home to many large companies including Skoda and Plzensky Prazdroj. Pilsen is not only focused on the progress of their local companies, but people as well. Pilsen boosts extensive programs helping youth and adults alike to gain more education providing a well educated work force and community involvement.


Investment News (from CzechInvest and other news sources)

“Following up on its 2006 success, ŠKODA POWER has won another contract on the territory of the Russian Federation.” “In the past six months, ŠKODA POWER has won the aforementioned contract in Russia (2 x 170 MW Kojuhov and Tereskov power plants for CZK 730 million), one in Denmark (Odensee 40 MW for CZK 600 million), one in Germany (Hochst 86 MW for CZK 445 million), and one in Latvia (Riga 150 MW for CZK 600 million).”

Plzensky Prazdroj is a significant contributor to the Czech economy, having paid a total of CZK 4.7 billion in taxes during the past fiscal year, leading to the Company being again among the top 20 tax payers in the Czech Republic. Largely through the growth in international sales, as well as through packaging innovations, the company increased its consumption of raw materials from Czech suppliers with, for example, barley purchases being up by 10% and orders on Czech packaging suppliers amounting to CZK 0,5 billion.

Stock Plzen a. s., the Czech Republic's largest spirit producer, has gained a new owner, the company Oaktree Capital Management. The transaction is still subject to approval by antitrust offices. Oaktree Capital Management agreed yesterday with the German concern Eckes AG, in whose group Stock Plzen had belonged since 1995, to take over 100 % of Stock Plzen's shares. In addition to Stock Plzen, the company Oaktree is also taking over all other units of the Eckes & Stock group, i.e. companies in Austria, Italy, Slovakia, Slovenia and the U.S.A.

There are many different universities that are in Pilsen for example: The University of West Bohemia and also Charles University. This makes Pilsen a great place for people looking to relocated to the area by either leasing or purchasing an apartment.

July 2007: Panasonic AVC Networks Czech wants to increase its production of televisions this year from 1.8 million to 3 million units. The firm currently employs 5000 in Plzen.

Below are some examples of properties for sale and the estimated rental:

Property Description Asking Price (CZK) Pictures Est. Monthly Rental (CZK) Location: Plachého, Plzen Click here for map 3 + 1 flat, in the center of Pilsen, balcony, 110 m2 with 9 m2 storage cellar, floor 3 of 4 (listed by REALITA) 2 190 000 Front Kitchen Bathroom 12 000 Location: Radiová, Plzen Click here for map Very big luxurious flat, 104 m2 with two balconies totaling 32 m2, garage included in price, 100 000 CZK massage bathtub (listed by Re-max) 4 345 000 Front Living Room Entrance Bathroom Balcony Garage 24 000

As we've emphasized before, at Czech Point 101 we are not going to over-inflate figures or try to sell you on hyped up facts. Our goal is to inform you to make the best investment decisions possible.


Other Important Issues

The following issues are all addressed thoroughly in our "Answers to Common Questions" section. Please click here to go there now.

• 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?
  
  ...and many more. Click here to go to this section now