Property for sale in Czech Republic
The prices of residential properties for sale in the Czech Republic show the greatest dynamism in the whole European Union. Eurostat certifies this.
In the third quarter of last year, house prices have risen by 12.3% compared to 2016. The average increase throughout the European Union stopped at 4.6%. Prices are slowing compared to the second quarter, increasing by 1.6% in the Czech Republic, in line with the EU average (1.7%).
In recent years, commercial, administrative and industrial properties have increased significantly, benefiting from the economic recovery. The hotel sector, which is strongly concentrated in Prague, also gives very positive signals.
The Italians, the Arabs and the people coming from the former USSR States are according to the data of the real estate agencies the largest groups of foreign investors who buy properties for sale in Czech Republic, Prague, Brno and other Czech cities.
20-30% of the properties used for rent in Prague are owned by foreigners. Precisely for this reason, foreign customers buy properties for sale in the Czech Republic. At the same time they follow two distinct trends: they visibly enhance the people who move here for work, or who are interested in a stay for residential purposes and this in the first place in Prague .
The second interesting trend is represented by the purchase of apartments for investment purposes by the citizens. Prague is an attractive city for large international companies that expand their capabilities here. As a result, foreigners arrive and move to live in the metropolis.
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