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Property investing in Czech RepublicWhat are property prices doing?
In Czech Republic it is very difficult to get up-to-date information on what property prices are doing. However, here are some of the better sources:
- Czech Statistical Office – these numbers are 6 to 9 months delayed
- Hypoteční banka – creates an index of prices (called the HBIndex) based on figures from mortgages approved
- RealityMorava – has statistics based on listed prices
We keep our readers updated on all the latest information on our blog.
Protecting your money during the purchase
Think things function in Czech Republic pretty much the same as Western countries? For a jolt of the Czech difference read this horror story from a purchase in Český Krumlov or other experiences in this article about whether Czech real estate agents are accredited or regulated.
One essential step to protecting your money during a purchase in Czech Republic is using an escrow account. Watch the video below for a description of how an escrow works in Czech Republic and who can administer it.
Pricing for every budget.
Our service always includes free consultation, plain and simple fee quotes, and realistic timeline estimates.
| Active Search Packages | Platinum | Gold | Silver | |
|---|---|---|---|---|
| List of Matching Properties (from internet, print and private advertising) |
2x Weekly | 2x Weekly | 1x Monthly | |
| Translation of Listings to English | ||||
| Map of Location of Property | ||||
| Location Advice | ||||
| Investment Analysis (see an example) | ||||
| Exclusivity of Search Criteria | ||||
| Retrieval of Additional Property Details | ||||
| Coordination with Real Estate Agencies for Buyer’s Visits | ||||
| Accompaniment and Translation on Buyer’s Visits | ||||
| Support Limit | Unlimited | 9 Months | 3 Months | |
| All fees subject to VAT (value-added tax) * 1/2 payable at start, 1/2 at signing of FPC |
46 350 CZK* | 15 000 CZK | 0 CZK |
| Description of Service | Fee | |
|---|---|---|
| New Mortgage We cooperate with all banks and have vast experience specifically for banks which lend to non-Czech citizens. |
Free | |
| PoA Mortgage Meeting all the requirements for drawing down your mortgage through power of attorney. |
17 530 CZK | |
| All fees subject to VAT (value-added tax) | ||
| Closing Services for Property Purchases | Gold | Silver | |
|---|---|---|---|
| Czech Over ® Due Diligence on Ownership and Contracts (Reservation, Future Purchase and Purchase Agreements) * | |||
| Fluent English-Speaking Attorney | |||
| Negotiation with Seller on Terms of Contract | |||
| Legal English Translation by State Recognized Legal Translator | |||
| Escrow Fees Included * | |||
| Mortgage draw-down coordination | |||
| CZECH POINT 101 Rep at Contract Signing ** | |||
| Transfer of utilities | |||
| Handover of property | |||
| State valuation required for real estate transfer tax | |||
| Submission of real estate transfer tax documents*** | |||
| All fees subject to VAT (value-added tax) 1/2 payable at start, 1/2 at completion * For property values up to 3 000 000 CZK ** For signings within Prague, Brno, Pardubice, Hradec Kralove and Ostrava *** does not include the actual 4% real estate transfer tax |
45 000 CZK | 19 355 CZK |
Forms of Payment Accepted
- International bank wire (CZK only)
- U.S. or Canadian money order (4% conversion fee)
- Western Union Bank payment (CZK only)
- PayPal (4% fee applies)
- Online credit card payment (via PayPal :: 4% fee applies)
- Cash in any standard convertible currency, such as Euro, U.S. Dollar, British Pound Sterling, or Czech Crowns. 4% conversion fee applies to any currency except CZK.
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