With the introduction of the new Civil Code in 01/2014 came a new set of laws governing the relationship between owners and tenants with a direct rent contract. We’ve tried to go through the major aspects of the landlord tenant laws in Czech Republic in order to...
Czech real estate has again become of keen interest to foreign investors. The relatively stable political system, artificially depreciated currency, rising property prices and ease of access are some of the reasons why. However, there are some mistakes that we see...
Association of owners fees are the reality of every apartment or flat owner. In other countries the legal entity that the owners form can be called a condo, commonhold or homeowners association. In Czech Republic it is called a 'společenství vlastníků jednotek' or SVJ...
The HBIndex numbers for Q1 2015 confirmed that prices are solidly increasing. Flat prices increased over Q4 2014 by 1% and house prices by a more modest 0.5%. Prague property prices broken out In his comments Petr Němeček, CEO of Hypoteční banka which produces the...
649,874 - this is the number of “databoxes or data boxes” currently in operation within the Czech Republic. Is yours among them? The officials in the Czech Republic have decided that data boxes are compulsory for all legal entities, ie. limited liability companies,...
We have two newly built apartments for sale in Frýdek-Místek close to the Hyundai factory in Nošovice. The investor is forced to sell the apartments because of an unexpected personal situation. See more pictures and further description. Our Ostrava office has managed...
Early signs in the property market have been all pointing to a very strong 2015 for prices. Here are some of the highlights. (Please note that all the links below are to articles in the Czech language. You can use Google Translate for an overview.) 1. The first three...
I am pleased to be able to write about an investment opportunity in Prague that we have just secured. In order to arrive at this particular project we examined 77 possible projects in Prague and met with developers representing 21 of those projects. The key criteria...
Passion Communications has won some awards for our Sell Prague Castle campaign which we executed in 2013 and was related to our ongoing trademark dispute with the Ministry of Interior. Below are a couple pictures of the awards received including a Zlatá Effie and a...
The average prices of land, houses and flats all increased in Q4 2014 according to the HBIndex. Flat prices increased 1.2% over Q3, with houses increasing in the same period 0.4% and land 1%. This brings the total price increase for flats and apartments in 2014 to 4%...
Bc. Tomáš Repaský, from our Ostrava office, has done it again. Clients contacted him in 2014, hiring him to perform an Active Search in their behalf. He short-listed a number of properties based on their needs and possibilities. With good experience identifying...
That's right. The Czech government has declared a sale on all property in Czech Republic, but only for non-Czech citizens. If you are from the USA the discount is 26% off listed prices. For those from the UK it is 20% off. If you live in another part of Europe...
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