Since the Czech Republic joined the EU in May 2004, it has attracted more and more investment to the country. So in 2007, is the market still viable for those searching for a Czech Republic investment property?
According to the Czech Statistical Office, records for the first six months of the year indicate that the Czech Republic is enjoying a prosperous 2007, and overall confidence in the economy reached a record level in August. Alongside the healthy economy, the country is also seeing an increase in consumer spending, which is good news for the property market and good news for those wishing to buy a Czech Republic investment property.
Most investment is focused on Prague, a central destination that is easy to get to with cheap daily flights. Prices for apartments in Prague are increasing at 20 percent per year with gross rental yields currently around 7.5 to 8.5 percent. The average investor has been buying their Czech Republic investment property for around 150,000 in the capitals top locations, Prague districts 1 to 5. But this city has prices to suit all pockets from 30,000 to hundreds of thousands of pounds. PragueProperty4Less currently has five city...
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