Advice on buying Czech Republic Property - Czech Real Estate Buyer's Guides, Legal Fees, taxes and mortgages explained

You have found a property you wish to purchase in Czech Republic what next?

Czech Property Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.

Below are some brief points in purchasing Czech Republic property.

Geographically, the Czech Republic is located near the centre of Europe, and the country has been a member of the EU since 2004.
This has helped to reassure some foreign property hunters, and a strengthening domestic economy is driving the demand for Czech properties.
The Czech Republic has a thriving tourist industry, though it is generally busier between May and September.

Average Czech property prices:
1 bedroom apartment £65,751;
2 bedroom apartment £104,996
3 bedroom house £113,033

Since the Czech Republic's entrance into the European Union in May 2004, purchasing Czech Real Estate has become more straightforward.

Presuming that a house buyer will not be dependent on having to live in the center of Prague or other main Czech town centres, then the best locations in respect to low prices and good Czech property deals are about 40 to 60 km from any main town.
Even better deals can be found in the many small villages that constitute the mainstream make-up of the Czech Republic if one is considering buying a retirement home.
Young Czechs are abandoning the smaller villages opting for better job opportunities in the big towns so there are many a great real estate deals to be found in smaller Czech villages as opposed to town centres.
When selling a Czech property usually the proceeds will be subject to a property transfer tax of 3 percent.

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These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

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