Buying a property is a serious step for both beginners and experienced investors. This primarily concerns possible financial risks, since residential and commercial real estate is an expensive investment. Before making a decision, it is necessary to analyze the market, take into account the forecasts of experts to understand which objects will be most profitable in the future.
Of course, the most sought-after is real estate in the Czech Republic, which is located in Prague and large tourist cities. If we take into account the capital, the most popular area is Prague 1. This is due to the large flows of tourists from different parts of the world, as well as the active development of the business environment. Short-term rental housing is in high demand here.
Also pay attention to areas located near the center, literally 15-20 minutes drive. Since rental prices are slightly lower, these areas are very popular among tourists who come to the country for a few days. Real estate experts note that it is profitable for outsiders to purchase small one-room apartments for short-term rental.
Real estate in the Czech Republic: an overview by region
An analysis of the local market shows that the demand for real estate located in the Czech regions is gradually increasing. This situation is caused by the fact that residents feel uncomfortable due to the rapid urbanization of the capital, the constant flow of tourists, an increase in the cost of rent and other services. That is why local citizens migrate to sleeping areas. Thus, you can buy a second home at a lower price than in Prague and rent it out for a long term.
We recommend paying attention to real estate in resort towns. High dividends bring owners small wooden houses, which are very popular among foreigners. Residential and commercial real estate located in industrial areas also bring high profits. A striking example is the South Moravian Region. Apartments purchased in Brno bring investors an income of 7-9% per year.
The demand for rental real estate in such areas is also increasing:
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