Czech Republic Investment Property

| Posted: 29-04-2008 | Comments: 0 | Views: 3 | Rating: (50)

(?)

Since the Czech Republic joined the EU in May 2004, it has attracted more and more investment to the country. So in 2007, is the market still viable for those searching for a Czech Republic investment property?

According to the Czech Statistical Office, records for the first six months of the year indicate that the Czech Republic is enjoying a prosperous 2007, and overall confidence in the economy reached a record level in August. Alongside the healthy economy, the country is also seeing an increase in consumer spending, which is good news for the property market and good news for those wishing to buy a Czech Republic investment property.

Most investment is focused on Prague, a central destination that is easy to get to with cheap daily flights. Prices for apartments in Prague are increasing at 20 percent per year with gross rental yields currently around 7.5 to 8.5 percent. The average investor has been buying their Czech Republic investment property for around £150,000 in the capital’s top locations, Prague districts 1 to 5. But this city has prices to suit all pockets from £30,000 to hundreds of thousands of pounds. PragueProperty4Less currently has five city developments with apartments available across the £39,200 to £250,000 range. They anticipate a capital appreciation of over 10 percent a year for the next five years.

For those searching for a low-budget, buy-to-let Czech Republic investment property, brand-new property will soon be available in the second largest city, Brno. Prices here are about two-thirds of those in Prague, and as the economy has strengthened, the area has attracted much regeneration. There are several projects underway, including two city centre developments with units starting at £28,000 and £39,500, both due for completion in Spring 2008. And a family friendly development complete with playground and pond, with units from £30,000, due for completion in 2009.

Prague is still the tourist hotspot for a Czech Republic investment property but investments in the world-class golf and ski resorts outside the city are also worth a look. With a golf revival in full swing, property at the Obora Golf Village at the Monachus Golf Resort is one prospect for a Czech Republic investment property. Units currently available include three bungalows, ranging in price from £146,200 to £212,200, and three villas, from £171,700 to £228,400. Or you may choose to invest in the thriving ski resorts. The Krkonose region, also known as the Giant Mountains, encompasses many towns and resorts with potential for a Czech Republic investment property. Situated close to the ski lifts in Rokytnice nad Jizerou, three apartments are currently available ranging in price from £51,000 to £65,000. There is also a range of property for sale in the Giant Mountain resorts of Svoboda nad Upou and Harrachov,and in the family-friendly Sumava region.

As the country enjoys one of the best economic growth rates in the EU, much of the county is benefiting from major regeneration projects, giving those wishing to purchase a Czech Republic investment property much greater choice. Central Bohemia is one such area and, located 30km southwest of Prague, you’ll find the town of Beroun. Those who bought a Czech Republic investment property last year in the Beroun district have already seen the value of their property rise by 20 percent. Property is currently available in the northwest area of Beroun at ‘The Bakery’, a modern refurbishment of an old bakery building. Enfield-based company Trojans International is offering 38 units at ‘The Bakery’ priced from just £20,000 and due for completion in September this year.

With continued regeneration and economic success, the figures are still making sense for those looking for a Czech Republic investment property.and in the family-friendly Sumava region.

As the country enjoys one of the best economic growth rates in the EU, much of the county is benefiting from major regeneration projects, giving those wishing to purchase a Czech Republic investment property much greater choice. Central Bohemia is one such area and, located 30km southwest of Prague, you’ll find the town of Beroun. Those who bought a Czech Republic investment property last year in the Beroun district have already seen the value of their property rise by 20 percent. Property is currently available in the northwest area of Beroun at ‘The Bakery’, a modern refurbishment of an old bakery building. Enfield-based company Trojans International is offering 38 units at ‘The Bakery’ priced from just £20,000 and due for completion in September this year.

With continued regeneration and economic success, the figures are still making sense for those looking for a Czech Republic investment property.

Rate this Article:

Current: 0 / 5 stars - 0 vote(s).

Article Tags: Investment, Investment Real Estate, Investment Homes, Investment Mortgage

Article Source: http://www.articlesbase.com/business-articles/czech-republic-investment-property-399025.html

Print article

Send to friend

Publish this Article

Author feedback

About the Author:

Damian Qualter is the MD and Property Finder of BuyProperty4less, a business that offer clients an individual service offering only the best property investment opportunities in UK. And also have so many years experience in property investment and have been based in UK for over the last 4 years.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Add new Comment

Is Toronto Real Estate a Grand Slam, Or a Big Dupe for Real Estate Investors & Toronto Real Estate Buyers
By: Brad Wozny | 20/08/2006 | Taxes

Investor Financing in this Crazy Real Estate Market
By: Brett Nordin | 29/11/2007 | Investing

Matching Stocks and Strategies With your Goals
By: Anthony Green | 29/12/2007 | Investing

Etfs Vs. Mutual Funds: Miscalculate This and your Porfolio Will Bleed Profusely
By: Randall Berry | 03/01/2008 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

4 and a Half Steps to Selecting Where to Buy your Dream Vacation Home
By: Boris Mannsfeld | 09/01/2008 | Real Estate

Portugal Property Recommended To UK Buyers
By: Property Select - Overseas Investment Property | 18/01/2008 | Real Estate

Good Investments for Times of Recession
By: Mika Hamilton | 29/01/2008 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Explain Foreclosure Options to your Seller to Gain the Winning Edge Over your Competition
By: Robert Lam | 06/02/2008 | Real Estate

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

Cold Calling Closer
By: G | 01-10-2008
I would like to work for a world class company where I can utilize my cold calling skills to close corporate business deals all over the world. Cold calling and bringing accounts to fruition from their embryonic stages is what makes me tick. Knowing that I have helped someone solve a need they have is especially invigorating to me. In addition, I would like to be financially rewarded for my efforts. Do you have any ideas or thoughts you have for me as I pursue my quest for this role?(I am trying to narrow my areas of interest as I call on companies that I would like to work for).

If you are a registered voter you don't have to ...
By: Donna Griffin | 01-10-2008
If you are a registered voter you don't have to vote at your assigned voting poll. All you have to do is prove you have the right to vote and sign this form and you should be allowed to vote at any poll. Is this correct?

Suppose you inherited $200,000 and invested it at ...
By: Delores | 30-09-2008
Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the next 15 years?

How to do a title search on propertys
By: kungfuanimal | 25-09-2008
how to do a title search on propertys

Wiring schematic for hook up, owneres manual or diagram, copy is ok! thanks
By: djmusiczone | 23-09-2008
Acoustical Research s300 sub woofer Need Owneres manual or diagram to wire up to mixer/ and powered speakers PLEASE, & Thank you

How can a person violate someones constitutional ...
By: papa69 | 22-09-2008
how can a person violate someones constitutional rights

Q&A Powered by:

Latest Business Articles

Starting Up Your New Business in Tough Economic Times
By: Susan L Reid | 13/10/2008
Credit lockdown and a gloomy economy are putting a squeeze on small businesses, but don't rule out starting yours up. Instead, get creative. Put together a cost-friendly start-up by thinking beyond traditional ways of purchasing office equipment and supplies, steering clear of money-draining investments, and researching diligently. Check out these 8 tips to start up your business outside the traditional way of doing things.

Ebay Auction Search Secrets: Get An Unfair Advantage Over Your Competition With These Secrets
By: Brad Traynham | 13/10/2008
It is not easy making a living on eBay. It requires you to sell almost all of the items you list on eBay. The easiest way to do this is get more quality traffic to your auctions. The more traffic to your auction, the more bids you will get...

Self-Dumping Hopper Attachment For Forklifts
By: Camille Howe | 13/10/2008
Self dumping hoppers are designed to fit both standard mast and extendable reach forklifts. Each unit features a pocket base that can accommodate forks up to 10" wide and 2 ½" thick. Easy Rack self-dumping hoppers are construction grade devices designed to withstand continual wear and tear in a fast-paced,...

Warehouse Industrial Jib Boom Fork Truck Attachment
By: Camille Howe | 13/10/2008
Forklift jib boom attachments are much less expensive than jib cranes and can perform almost all of the same tasks at a fraction of the cost and with less heavy equipment on premises. Forklift jibs allow you to reach over obstructions to place heavy loads on roofs, elevated platforms, and...

Getting Unstuck: Tips for Overcoming "decision Gridlock"
By: Adele Sommers | 13/10/2008
Have you ever felt so stymied by your choices that every time you stared down at your "chessboard of life," you weren't sure where you could possibly make a move? Whether that feeling of being "stuck" relates to your business, personal matters, or both, it can serve to encumber your progress. This article discusses two patterns of "decision gridlock," and what to do about them.

Leadership Lessons From the Kings of Chocolate
By: Denise Ryan | 13/10/2008
Leaderships tips from two great businessmen, Milton Hershey and Forrest Mars.

Why Some Franchise Businesses Fail
By: Matthew Franchise Anderson | 13/10/2008
The concept of franchising is in itself a sound business idea. Many have become rich because of it. However, not all franchise businesses become a success story. There are several factors that may contribute to the problem. Some franchise units, although parented by large corporations, failed to make the mark due...

Mistakes New Entrepreneurs Should Avoid When Starting A Home Based Business
By: Kanaga Siva | 13/10/2008
Success and Failure are part and parcel of life. Success in a Home Based Business can never be guaranteed by anyone. Many factors come into play if success has to be achieved. When starting a home based business it is wise to act smart and learn from the mistakes other...

More from damianqualter11

Buying Investment Property
By: damianqualter11 | 18/04/2008 | Business
There are a wide range of opportunities for buying investment property which should satisfy anyone looking to make an investment in property.When buying investment property you could buy a second home or holiday cottage. This you can rent out throughout the year – albeit with some blank periods – and at the same time watch the value of the property rise over a number of years

Investment Property in Uk
By: damianqualter11 | 08/04/2008 | Business
The current state of the UK housing market makes finding investment property in the UK rather difficult as the market has taken a downward turn.

Article Categories

Article Marketing

Article Notepad

Stop Duplicate Content

Term Papers

Need Help?

Sign up for our email newsletter

Receive updates, enter your email below

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.86, 16)

Czech Republic Investment Property

Article Comments

Related Articles

Got a Question? Ask.

Latest Business Articles

More from damianqualter11

Need Help?

Site Links

Webmasters

Business Info

Sign up for our email newsletter