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Anyone can buy Czech Real
estate
As of May 2004, Czech legislation concerning who
can buy real estate on Czech soil has been simplified and today,
almost anyone can buy real estate in the Czech Republic.
As a private individual from any EU member state
all you need is a permanent residence permit.
As a EU member state company you can either open
a branch of your company in the Czech Republic or set up a new
company inside the Czech Republic.
For non EU member state citizens or companies
the procedure is a little different and you...
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Czech Republic - top emerging EU.
Th€ 3.5 Billion of real estate investment product available in Central Europe
Cushman & Wakefield reports that in excess of € 3.5 billion of investment product is being actively offered for sale in the core CE markets of Poland, Czech & Slovakia and Hungary.
This is marginally up on the previous quarter.
Seller type is split equally between developers seeking to exit and investors wishing to trade on, although the latter is starting to take advantage of the improving market with increased investor interest and improving pricing driven largely by yield compression.
Commenting on the seemingly high levels of supply in Central Europe, Charles Taylor, Partner, Cushman & Wakefield added “There remains, however, a lack of core product in the capital cities, particularly in the office sector, with owners preferring to hold ‘best of class’ buildings in anticipation that the market will continue to improve in their favour.
In Hungary availability levels remain low. This is expected to change, as activity levels increase, aided by improving fundamentals and investor sentiment, and particularly the sizeable pricing discount that is currently available relative to the Polish and Czech markets." .
Czech Republic Price stability
Czech prices won't catch up with the rest of Europe
any soon
There is an ancient Czech saying that goes along
the lines of ...
'If the price of beer in the Czech Republic were
to rise significantly - the Czechs would uprise in revolution'.
And that just about says it all about possible
rises and hikes in costs and prices in the Czech Republic.
It also underlines the fact that the Czechs will
take their time in catching up with the rest of the EU prices
and costs.
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