Of all of the countries to join the European Union back in 2004 the Czech Republic has benefited most from its membership; and the countrys economy has gone from strength to strength as a direct result.
The increasing wealth of the nation is being distributed among its people because Czech citizens are benefiting from an abundance of better paying employment opportunities as more international companies relocate to the Czech Republic.
All of these facts mean that the real estate market in the Czech Republic is currently buoyant, in demand and potentially very lucrative for overseas investors who seek to directly target the local market with rental accommodation and resale property.
The key to making a successful real estate investment in the Czech Republic is targeting the local market. Outside of the countrys capital city of Prague there is very little tourism interest in rental accommodation and very little expatriate interest in purchasing accommodation – so those who wish to profit have to identify exactly the types of property the local citizens demand and target that particular market segment.
In Prague and the city of Brno for...
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