Prague developers had a great year in 2014 selling a record number of flats. The number of flats surpassed the previous peak year of 2007 by roughly 600 flats. Sales in Q4 were strong, accounting for 29% of the total number of flats sold. Evžena Korce, CEO of Ekospol...
A candid interview with Jan Bureš, chief economist at Era Poštovní spořitelna where he looks at the upcoming year. How will the situation in the EU and deflation affect the Czech economy? If he was a small Czech investor where would he recommend investing? Take aways...
Excitement. If I was to use one word to describe the Czech property market right now it would be excitement. Excitement from existing owners, excitement from buyers and excitement from real estate agents, developers, building contractors and all who make their living...
In Czech Republic it is very difficult to get accurate and up-to-date numbers on what is actually happening with the sale prices of property. Here are some of the sources we use. The Czech Statistical Office reports numbers but usually only data from 9 to 12 months in...
Tax deadlines for the 2014 tax year. Property Tax Registration: January 31, 2015 Individual Income Tax: March 31, 2015* Corporate Income Tax: March 31, 2015* Pricing for the 2014 Czech Tax Year Non-property management clients Description Price ...
The Q3 2014 HBIndex reported a strong 2.5% growth in the overall price of houses and a 1.8% increase in apartment prices over Q2. This was slightly lower growth for houses over Q2 which was 2.7%. Flat prices accelerated over Q2's increase of 0.7%. Overall growth on...
A Czech land registry statement has a headline and then section A, B, B1, C, D, E, F. The headline shows the district, city, land registry territory, number of the land registry statement and title. A. Contains details about the owners and/or co-owners and other...
Pavel Pařízek gives tips on how foreigners can get the best mortgage offer in Czech Republic. They include: 1. getting a residency permit 2. having a down payment of at least 30% and 3. having been employed 12 months or self-employed with two years of tax returns. He...
Trikaya reports that Brno flat sales from January to September 2014 equaled the total number of sales in 2013. This was a 59% increase year-over-year for the first three quarters. View the entire report (in Czech).
Prices of studio apartments in Brno have soared over the last 9 months. Demand has been extremely strong primarily from investors. If you search for 1+kk (studio) apartments in new development projects it is hard to find anything under 2,000,000 CZK. According to...
There has been much hype in the news lately about investing in farmland. Reportedly it is a favorite investment choice among Czech and Slovak millionaires. Investment funds has also been gobbling it up and promoting it. Agreeably, farmland has gained in price right...
I just made 137,500 CZK for one hour’s work. It beat my previous record of 45,000 CZK per hour. This was my part of a reduction in interest rate I was able to negotiate on a Canadian property I am co-owner in. Our Canadian dollar equivalent of a 26,000,000 CZK...
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