The Czech Republic
is one of the few European countries to maintain a favorable microclimate in
the real estate market over the last few years. The local government actively
supports business start-ups and attracting foreign capital. First of all,
entrepreneurs are attracted by the high level of development of the country.
According to recent data, the Czech Republic is the leader in economic growth
among other EU countries.
The dynamics of investment in the Czech Republic in residential and commercial real estate exceeds several times the indicators among major European countries. Buying a flat with subsequent leasing is of great demand. The average yield on these operations is 5-7%.
The real estate
market in the Czech Republic: promising areas
- residential real estate: objects located in the central regions are most in demand. Prague and Brno are tourist centers, so renting out small apartments located near major shopping centers and local attractions remains a promising investment. Promising are new buildings, secondary housing (apartments in brick and panel houses). It is also beneficial to purchase apartments in resort towns. Such popularity is confirmed by statistical data: in 2019, more than 7,000 objects in new buildings were sold, which is 18% more than in the previous year.
- office space: Prague is one of the business capitals of Europe, so every year the demand for rental office space is increasing. In 2019, the acquisition rates of objects in elite business centers (category “A”) increased. Experts note a shortage of office space and predict an increase in the average monthly rent to 20-22 euros per square meter. Short-term rentals, from several hours to six months, are also gaining popularity.
- service facilities: cafes, restaurants, bars hotels provide high returns to their owners due to the active development of tourism in the Czech Republic. According to the latest data, more than 8 thousand foreigners come to the country every year. As a rule, service facilities guarantee a stable profit of 7–9%.
- suburban real estate: villas, cottages, castles are elite real estate and are leaders in terms of rental rates. Warehouse, trading premises: these objects are in high demand as a result of active business development, cooperation with foreign partners.
Thus, if you are
looking for a profitable place to invest, the Czech Republic is the most
promising solution. A wide selection of objects, high profitability and loyal
credit conditions are the key to your success.