Real estate in the Czech Republic: features of purchasing and regions

Residential properties in the Czech Republic

Russian citizens residing in the Czech Republic are particularly interested in various types of residential real estate, including apartments, villas and townhouses. real estate, including apartments, villas and townhouses. Villas and townhouses are not in as high demand, as much as other types of housing. Students and young families prefer compact 1-2 bedroom apartments in the most affordable price category. High-income people, on the contrary, are oriented towards luxurious accommodation in the most prestigious areas of Prague or Karlovy Vary. the most prestigious areas of Prague or Karlovy Vary. Commercial real estate such as stores, restaurants and hotels are actively bought by Russians as ready-made businesses or for subsequent rent.

Real estate prices in the Czech Republic

Housing prices vary significantly depending on the chosen region. Real estate in the capital, Prague, is noticeably more expensive than similar properties in provincial areas. Properties that require serious repairs and are offered at minimal prices slightly attract buyers. This is due to the fact that having housing does not affect the ability to obtain temporary or permanent residency in the country and other benefits.

• Most realtors are not interested in deals involving such properties due to the many hassles and low profits.
• People who want to find housing at a nominal price should search the secondary market on their own. the secondary market.

Almost half of Russian buyers are considering using real estate for permanent residence in the Czech Republic, either currently or in the future. Housing is less frequently viewed as an investment.

Sellers are not very eager to make deals with the cheapest real estate properties. An important feature of all regions in the Czech Republic is its unique nature. Regardless of the location, one can enjoy picturesque landscapes throughout the country.

Details by districts

Prague, the largest city and capital of the Czech Republic, attracts tourists with its medieval charm, conveyed through its narrow streets. The attractions of Prague include a multitude of sites, among which are:

• Old Town Hall, with its historical clock-dolls
• Charles Bridge
• St. Vitus Cathedral

North of Bohemia: Nature and Culture

In the northern part of the Czech Republic, there are two unique places: Pravcicka Gate, the largest natural stone arch in Europe, and the Czech Switzerland National Park. Here, bodies of water such as Machovo Lake, Holland Ponds, and Nechranice Dam create excellent conditions for water sports, including windsurfing, yachting, and fishing.

In the secondary real estate market in the Czech Republic, prices are significantly lower than in Prague, where properties often cost more due to high demand. Despite this, the selection of new developments is limited.

Therapeutic springs and resorts

Western Czechia is known for its healing mineral water springs, including resorts such as Karlovy Vary, Mariánské Lázně, and Františkovy Lázně. For example, in Karlovy Vary, you can see a geyser that shoots water up to 15 meters high, making this city just as popular as the capital.

Conclusion

In conclusion, I want to emphasize that Russians are showing interest in purchasing real estate in the Czech Republic, focusing on various types of housing depending on their needs and financial capabilities. The purchase of properties for both living and investment is considered with varying degrees of emphasis. Real estate prices vary significantly by region, with Prague being the most expensive and popular location. There is also a notable interest in commercial real estate. Regardless of the chosen region, the Czech Republic attracts with its unique nature and cultural heritage, offering diverse opportunities for both living and recreation.