The Czech Republic is a promising country with good economic and social indicators. The real estate market is actively developing, representing an interesting segment for investment. Most often foreigners are focused on new buildings in the Czech Republic, where they buy apartments for rent.
New buildings in the Czech Republic: how to buy an apartment in a new house
The most interesting city in terms of investment is Prague. It is a developed tourist center, which is visited by a huge number of tourists all year round. The capital is expanding, its number is growing annually by 10 thousand people, not including students. The increase in residents contributes to the growth of demand in the real estate market. To meet this demand, construction is underway. Last year, 30 thousand apartments in new buildings were commissioned in the Czech Republic, 6 thousand of which are located in Prague.
The cost of housing is also increasing. In 2013, the price per square meter was an average of 2130 euros, and by 2019 it rose to 3875 euros. This trend was influenced by the demand in the real estate market and tougher issuing of permits for construction.
The rent of the apartment has also increased in price, which is a good indicator for investors. The average income from apartments in new buildings in the Czech Republic is 4-5%. The most popular housing with one or two rooms. 10% of demand is for houses in the suburbs of the capital, about 30 minutes away.
To buy real estate in the Czech Republic, the best option is to use the services of a realtor. Contact the agency, describe your goal and highlight the basic requirements for the object can be through the site. Specialist on your wishes will select the appropriate options. Then you need to come to Prague or another city to view the proposed objects.
High demand is for new buildings in the Czech Republic. They are presented in economy, comfort, business segments. Luxury studio apartment in a prestigious area will cost 130 thousand euros.
There are interest-free installments for foreign investors, which can be used at the construction stage. In addition, there is an option of postponement on an individual schedule. There is a mortgage lending program, where the annual rate is an average of 3.5%.
When choosing a property for purchase, it is important to pay attention to the quality of construction. Study the company that deals with the construction, check the reliability of communications when viewing the objects.
Cooperating with a local real estate agency, you receive comprehensive support for the entire period of selection and execution of the transaction for the purchase of an apartment. The specialist will acquaint you with the features of each object, prompt a good developer, and check the documentation. After the purchase you may also ask for advice from the manager of the agency, who will advise the designer and a team to carry out repair work.