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Real estate guide Prague

The first thing to be aware of is the possible length of time real estate transactions can take, typically 4-5 months in Prague, not counting the search – and if a mortgage is required, it can take longer.

After you have found the right property for you, the rpocess can begin, with the pre-purchase contracts, int he case of a mortgaged property, or with the purchase contract itself if it is a cash purchase. This should then satisfy the owner or their agent, and prevent them from contemplating other offers – however, it is important to understand that this is not always the case.

The administrative process, obtaining a mortgage, the drawdown, and registration, might be confusing for those unfamiliar with the Czech Republic. Should you need any assistance, do not hesitate to contact our office for information or a consultation.

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What you need to know about the real estate market in Prague

Purchasing or renting real property, you need access to as much information as possible to make an informed decision. Clients can be overwhelmed by Prague's fast-moving market, with its great variety of properties, agents and prices. Here we try to provide just the information you need: the best investment locations; the procedures for buying or renting; mortgage conditions; and so on. If you would like more information in still greater depth, please ask. We can put together an information package tailored to your particular requirements.

There has been an enormous increase in investor interest in Prague real property recently. The city, which many consider to be among the most beautiful in Europe, is attracting international investment. Residential and commercial real estate prices are competative compared to many major European cities, and there is solid growth potential.

The market for rented properties in Prague is very much influenced by the influx of foreign investments and the large number of people relocating to Prague. Rents in Prague correspond to other major European cities. We hope that the following information will help you find a suitable home away from home in Prague.