Property in Prague
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Sunshine
Estates offer a selection of new, refurbished and off-plan
property investments in Prague. Property in Prague
currently represents an excellent investment
opportunity. Prices for new of refurbished properties
are increasing at 20% per annum while gross rental
yields on new apartments are running at 8.5%. The
main growth driver is demand consistently
outstripping supply – indeed, the Czech Statistical
Office estimates a need to build 50,000 dwellings each
year until 2010. In addition:
- Government subsidies have boosted the domestic
housing market enabling Czech nationals to secure
borrowing at just 2%. A shortage of homes is boosting
property prices and increasing demand for rental
property
- Economic and political stability. Real GDP growth
is high at 4.1% in 2005. Annual growth is expected
to increase to 4.3% in 2006.
- High inward investment - over EUR 3 Billion attracted
in 2003.
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About
Prague
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Prague
is a very popular tourist destination
receiving over 3
million visitors per year. It offers the contrasts
of the past with bridges, cathedrals,
gold-tipped towers and church domes,
and that of a modern metropolis
full of energy, music, and art.
The architecture of Prague includes
Romanesque, Gothic, Renaissance,
and Baroque as well as classical
buildings and Art Nouveau. Prague
is also a city of bridges, 14 alone
crossing the river Vltava. Prague
is also a ‘Green City’ with
numerous parks and forest areas.
Prague was selected as one of
the European Cities of Culture
for the year 2000. The city is
home to 81 museums, 108 art galleries,
and 71 resident theatres and concert
halls. Prague annually hosts major
cultural events such as the Prague
Spring music festival.
Traditional Czech food is pork
typically served with dumplings
and sauerkraut. The Republic is
also famous for its beer (pivo)
with Pilsner the best known. |
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| POLITICAL
& ECONOMIC SITUATION |
A real estate
investment in Prague provides a
high potential for returns due
to the strength and stability of
the political and economic environment.
- The Czech Republic is a parliamentary
democracy and one of the 10 new
members of the EU (as of 1 May
2004).
- The independent Central Bank
(Czech National Bank) has enabled
currency stability since 1991.
The Czech koruna is fully convertible.
All international transfers (e.g.
profits and royalties) related
to an investment can be carried
out freely and without delay.
- The Czech Republic was the
first CEE country to be admitted
into the OECD. The country is
a member of NATO and the WTO,
IMF and EBRD.
- Commercial, accounting and
bankruptcy legislation are compatible
with EU standards.
- Any company registered in the
Czech Republic may acquire real
estate without any limitations.
- Investment grade ratings from
international credit rating agencies
are highly positive:
- Standard and Poor: A-
- Moody: A1
- Fitch-IBCA: A-
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| HOW
TO GET THERE |
Over 20
UK Airports offer flights to Prague.
In addition, low cost airline EasyJet
provide flights from Gatwick, Stansted,
Bristol, Newcastle and Nottingham
East Midlands.
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Other
Regions in the Czech Republic: Bohemia
(West Czech Republic) Moravia
(East Czech Republic)
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Additional
Resources
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Prague Apartment Rentals - Find apartments to rent in Prague. All apartments are located in central Prague close to the metro and tram stations. Long and short term rents are available at discounts....
prague-apartment.com
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Prague Apartments - Rent serviced apartments in Prague at affordable prices with online reservation facilities. All apartments are centrally located offering easy access to the airport, metro, tourist spots, restaurants and business districts....
prague-apartment.biz
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Prague Car Hire - Car Hire in Prague and other major European cities. Booking agents for vans, car hire and chauffeur driven car rental deals, including one way rentals - for holiday and corporate travel. Comprehensive rental deals for holiday or airport car hire....
car-rental-hire.co.uk
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Accommodation in Prague City Apartments - Apartment rental in the centre of Prague. All apartments are fully furnished and serviced and provided for price of hotel room or cheaper.
prague-city-apartments.cz
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Holiday apartments in Prague - Find vacation apartments in the historical heart of Prague - Prague Old Town, Prague Castle, Prague National Theatre for short term rentals...
apartments.cz
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Accommodation and Travel Services in Prague - Use the online system to find, book and pay for accommodation in hotels and apartments. Extensive resource for theatre tickets, tours and excursions, transfers, car rentals and more...
travel.cz
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Prague Hotels - Find hotels and rental apartmentsin Prague including city tour details and rent-a-car services. Comprehensive online accommodation booking service....
bookit.cz
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Sightseeing in Prague - Accommodation guide for Prague provides information on apartments, hotels and pensions. Information on Prague sights, museums, galleries, theatre, culture, restaurants, clubs, sport, photo gallery, map, accommodation, visa and embassies, holidays, driving, public transport, Czech towns and more…explore the most impressive landmarks, such as the national museum on the Wenceslas square, the national theatre, Charles Bridge, the old town square, the Jewish Quarter Josefov, the Lesser Town with its beautiful baroque churches and palaces…
marys.cz
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Prague River Cruise - Book river cruises in Prague on the Vltava River. Choose from a range of cruises including romantic cruises, evening cruises with lunch, dinner and music.....
cruise-prague.cz
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Tourist Guides of Prague - Guide Prague offers a directory of licensed multilingual tourist guides in the Czech capital. Find a private guide and links to practical information, museums, sightseeing and walking tours.....
guide-prague.cz
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Prague City Guide - Find an in-depth city guide to Pargue and other major European cities with special hotel offers and cheap deals....
talkingcities.co.uk
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