Below are links to all the information you will need
in order to acquire a property in the Czech Republic.
Prague's
Districts
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.
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
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>