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Below are links to all the information you will need in order to acquire a property in the Czech Republic.

Prague's Districts

prague

 

This map gives you an idea how the Prague map looks like in general. Prague is divided into fifteen districts.

Prague 1 is the very center of the town, most of the historical sites are located there.
Prague 6 and Prague 2 are residential districts and are considered to be of a "good address". Also Prague 4, 9 and 10 and are mostly residential.
Prague 3 and Prague 8 used to be the quarters were the working class lived. There were some factories, it wasn't a very nice place to be, but it is slowly changing. Especially Prague 3 and Prague 5 (around Andel) made a big progress.
On the outskirts of Prague there are usually "panelaky", where most of the people live.

Formerly part of Czechoslovakia and landlocked in the middle of Europe, the Czech Republic is about the size of the U.S. State of New York.

Read about the country details >>

Thinking of Buying Property in Czech Republic?

Ask the average man in the street to name a city in Eastern Europe and, chances are, he or she will probably answer ‘Prague’

Agent Bond has some trusted partners in the Czech Republic, who can help you get the best deal and get you through the whole process.

CZECH REPUBLIC - With the second highest GDP growth in all the emerging countries, the Czech Republic represents a remarkable investment opportunity. Prices for modern apartments are increasing while gross rental yields on new apartments in Prague are currently running at 7.5% - 8.5%.

In respect to the housing market in Prague, home prices remain relatively affordable. Even though home prices have grown, the affordability of housing -- the link between incomes and home costs -- remains in check, thanks in part to historically low mortgage rates and the fact that for several years, mid-manager/manager incomes grew slightly faster than home prices and people saved! Home prices remain within the reach of many with a little savings and the ambition to be a homeowner.

There continues to be unprecedented interest in the residential real estate markets of central and Eastern Europe but particularly in Prague. However, not only amongst local buyers.

Prague is seen as far more western then its Polish or Hungarian counterparts and the level of English spoken throughout the city helps investors feel more comfortable about where their investments are located. It also helps that there are so many relatively inexpensive flights to and from the City to say nothing of the stunning architecture and the pure fascination people have always had with Prague.

Americans in Prague americans in Prague

A second wave of expatriates is now playing a vital role in the renaissance of the Czech capital. William Lobkowicz moved to Prague in 1990, joining the hordes of young Americans drawn to the beautiful Czech capital in the aftermath of the Velvet Revolution that had peacefully toppled the Communist regime a year earlier. Read more>

Smithsonian magazine, August 2007

 

 

 
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