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

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.

It gained total independence in 1993 (splitting from Slovakia), with each forming a separate country.

Tourism is a major industry here, especially in the beautiful city of Prague, with its art nouveau architecture, castle, historic bridges, cobblestone streets, and much, much more.

Quick Facts and Figures

Official Name Czech Republic

Population 10,290,000

Capital City Prague (1.7 million)

Flag

Languages Czech (official)

Latitude/Longitude 49° 45'N, 15° 30'E

Official Currency Koruna (CZK)

Religions Catholic, many others

Land Area 78,864 sq km (30,449 sq miles)

Landforms In essence, the Czech Republic is a large plateau surrounded by mountains, with a large slice of central lowland.

The Bohemian Plateau and Moravian Heights (very hilly land) of the south both slope to the disecting river valleys.

Bordering mountain ranges include the Carpathian, Ore, Sudetic and the Bohemian Forest mountains of the southwest. The highest point is Mt. Snezka, rising to 5,259 ft. (1,603m).

Significant rivers include the Elbe, Labe, Morava, Oder and Vltava.

Land Divisions 13 regions, including: Jihocesky Kraj, Jihomoravsky Kraj, Karlovarsky Kraj, Kralovehradecky Kraj, Liberecky Kraj, Moravskoslezsky Kraj, Olomoucky Kraj, Pardubicky Kraj, Plzensky Kraj, Praha*, Stredocesky Kraj, Ustecky Kraj, Vysocina, and Zlinsky Kraj

Prague is located on terraces and hills overlooking the wide river Vltava.
Prague is divided into fifteen districts.

Prague 1 (Mala Strana, Hradcany, Stare Mesto) is at the very center and most of the historical sites are located here. Prague 6 and Prague 2 (Nove Mesto, Vinohrady) are residential districts and are considered to possess a "good postcode". Prague 4, 9 and 10 and are also mostly residential.

The key districts are as follows:
Old and New Town (Stare Mesto/ Nove Mesto) – District No 1
Prague’s Old Town stretches from the Old Town Square to Charles Bridge to Wenceslas Square encompassing all the main tourist areas including the Castle. A small area and supported by string public transport links.

• Average Property Sales Price: € 90,300
• Average Gross Rental Yield: 6.2%

Vinohrady – District No 2, 3, 10
A predominantly upper-class district built in the 19th century. Adjacent to the city center, the district shares the excellent transport links and highway links.

• Average Property Sales Price: € 51,500 – 60,500
• Average Gross Rental Yield: 5.8 -8.6%

Zizkov – District No 3
Traditionally a working class district located next to the city center, this neighbourbood houses 2 universities, the Prague School of Economics and Central European University. Several new property developments are currently underway offering cheaper investment opportunities and ‘higher than average’ rental yields.

• Average Property Sales Price: € 44,300
• Average Gross Rental Yield: 7.2%

Nusle and Vrsovice – District No 10
Adjacent to Vinohrady, and in a good position to benefit from its expansion. Currently a busy working neighborhood.

• Average Property Sales Price: € 49,300
• Average Gross Rental Yield: 6.9%

Bubenc – District No 6
An attractive residential area built predominantly in the 1920s and 30s. Good schools and high employment this district includes a thriving shopping strip and proximity to the airport.

• Average Property Sales Price: € 66,300

Average Gross Rental Yield: 8.1%