All real estate in Prague, Czech Republic

Location, climate, economy and infrastructure

Prague is the capital and largest city of the Czech Republic, located in the western part of the country, in the historical region of Bohemia, on the Vltava River.

The climate is temperate continental, winters are relatively mild, with little snow. The average temperature in January is about zero degrees, in July this figure is +19 degrees Celsius.

The contribution of Prague to the total GDP of the Czech Republic is 25%, which makes the capital the most economically profitable region of the Czech Republic. This is a wonderful ancient city, rich in historical monuments, gardens and parks, museums, galleries and theaters.

Why is it profitable to buy real estate in Prague?

Residential real estate in Prague with high technical and technological standards is in demand among migrants (especially specialists in the field of information technology). Prague is a monument of history and architecture, one of the largest tourist centers of the European continent and the center of business activity remains an attractive place to live and work. A third of the existing stock of apartments in the city is rented out. The acquisition of real estate here is considered profitable, which leads to great interest in Prague apartments from foreign buyers. Among other advantages of purchasing real estate in Prague, it is worth noting the following:

• successful economic performance;
• location (European countries are within driving distance);
• the growth of the tourist flow;
• developed infrastructure;
• clean ecology;
• high quality of life;
• affordable prices for accommodation;
• the possibility of obtaining free higher education;
• income from rental housing;
• rational investments, high return on investment (the cost of properties increases by 6-10% annually).

The real estate market in Prague continues to grow, the largest share of sales transactions in the country falls on the capital. The popularity of the local market is growing not only due to foreign investors, the Czechs themselves are also ready to invest in new buildings, buy with a mortgage, which is facilitated by relatively low mortgage rates.

Primary real estate complies with European building standards, as evidenced by customer reviews. Residential complexes that are put into operation offer improved conditions and an orderly territory. During the sale of projects under construction, developers offer promotions, discounts, and installment payments. Resale real estate in Prague is of high quality.

The city is divided into 10 districts. Prague 1 is traditionally considered the most convenient place to buy real estate, as it is the historical center of the city, where all the important infrastructure and attractions are located. For investors who want to live surrounded by parks and squares, it is advisable to choose Prague 4 (one of the largest and most environmentally friendly areas of the city). There is a large selection of one- and two-room apartments of different classes: from economy to luxury. It is best to buy an apartment in the new buildings in Prague 9 and Prague 10, because most of them are concentrated there.

The cost of real estate in Prague

The cost of real estate in Prague can vary significantly depending on the area, year of construction and other factors. So, for example, you can buy a small one-room apartment for 57,000 euros and a spacious apartment in a new building for 463,000 euros. You can buy an apartment in Prague inexpensively from the developers there even at the stage of excavation. Approximate prices for real estate in Prague (per sq.m.):

• apartments in new buildings - from 3,000 to 6,000 euros;
• apartments in historical restored houses with new communications - from 8,000 euros;
• houses/villas in the secondary market - 4,000-5,000 euros.

Types of real estate for sale

• Potential investors can choose from the following types of real estate in Prague: residential (apartment, house, villa, flats, etc.);
• commercial (shopping space, office space, warehouses, industrial premises, etc.);
• land.

Real estate website in Prague

The GEOLN.COM real estate website with a convenient search interface helps investors to find and buy residential real estate in Prague. A current catalog of verified real estate objects in Prague is presented there. On the site you can choose apartments according to the necessary parameters without intermediaries and take advantage of advice of specialists.

Buying real estate in Prague by foreigners: the nuances of investing

Foreigners in Prague can buy both housing (including those under construction) and commercial facilities (offices, shops, restaurants, hotels, warehouses). A standard transaction when buying real estate takes one to two weeks (five to six if the future owner takes a mortgage for this), another month is spent on state registration of real estate. Purchase and sale transactions can be carried out remotely. Foreign citizens can apply for a mortgage in Prague at 2-4.5% per annum.

We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of objects according to individual parameters, provide a comprehensive service to support the safe execution of a transaction. Buying and selling real estate in Prague is carried out by professionals with many years of experience.

Buying real estate in Prague is a profitable investment that guarantees a stable rental income, accommodation and recreation in one of the most beautiful cities in Europe, the capital of a country with a high level of economic development, education, and infrastructure.