New buildings in the Czech Republic
Location and climate
Czech Republic (officially - the Czech Republic) is a country in Central Europe. The capital of the country is Prague and it is a member of NATO and the European Union. The country is landlocked, the climate is temperate: summers are warm, winters are wet and cold, there is enough snow in the mountains to visit ski resorts.
For the information of the investor: economy, culture and education in the Czech Republic
The country has one of the most stable and successful economies. Openness to investments from abroad helped to modernize the industry in a short time and create a modern infrastructure. The most developed industries are: mechanical engineering, chemical, food and metallurgical industries, electrical engineering, electronics, services; dynamically developing tourism plays a significant role in the country too.
There are twenty-eight publicly funded universities and institutes in the Czech Republic. Commercial higher education institutions are funded by private capital, there are more than forty of them, they are located mainly in Prague and Brno.
The country has its own cultural treasury according to the UNESCO World Heritage List. Western European architecture cannot be imagined without the Gothic style of the Czech Republic, its palaces, cathedrals and castles of the Baroque and Rococo periods. The musical life is represented by opera houses, philharmonic societies, the Czech Philharmonic Orchestra and the Czech Radio Orchestra. The students are taught the art of music by the conservatory and two academies. International festivals are regularly held: Prague Spring, International Jazz Festival and others. Czech drama returned to realistic, civic theater (Czapek, Langer).
Buying an apartment in the Czech Republic becomes even more profitable
Real estate in the Czech Republic in the new buildings is growing rapidly in demand. The country's market began to recover rapidly due to the growing activity of buyers. With the adoption of the new law on construction activities, the situation with the issuance of permits will improve, and new buildings in the Czech Republic from the developers will be put into operation in a shorter time, because now:
- there is a fixed time period for checking documents;
- only one reviewing committee has been identified;
- measures are envisaged against delaying the issuance of permits;
- the formal requirements for projects have been simplified (which, in turn, should not lead to a deterioration in their quality).
The law will help to somewhat stabilize the ratio between the demand for residential complexes in the Czech Republic and their supply. Thanks to the innovations, the interest of developers to build new buildings has increased: a record has been set for the issuance of mortgage loans, along with a decrease in their interest rate. Thus, builders receive additional incentives to create new projects, and consumers - the opportunity to buy an apartment from a developer in the Czech Republic for every liking. During the construction of the residential complex, compliance with European quality standards is ensured, which is confirmed by customer reviews. Prices continue to rise. According to experts, cheap options are dismantled instantly, and often expensive ones remain. Market mechanisms are signaling that demand still exceeds supply.
At present, the lowest cost per square meter of area in a turnkey condition in a new building in the capital (according to information from the GEOLN.COM search engine) is 2,000 USD.
Purchase of an apartment in the Czech Republic by foreigners
The sale of apartments from developers is carried out to foreign buyers without any restrictions.
Purchasing an apartment in a new building in the Czech Republic is a profitable investment with a stable passive income ( from rent), the ability to live in a country with a stable economy, tourism, and a high-quality education system.
Off-plan property and other buildings in cities in Czech Republic
Libcice nad Vltavou
Loucna pod Klinovcem
Pec pod Snezkou