Property search

Selected offers

Houses, hotels, castles, apartments in Czechia for sale

Prague residential and commercial property for sale - prices

Prices of real estate in Czechia are significantly growing during the last three years and it seems that the factors causing this development are here to stay for couple more years. Low interest rates, low mortgages and investors looking for safe territory where to increase the value of their assets. Czech crown and thereby its real estate are undervalued.

Prices are growing mainly in Prague, since 2012 they have grown by one third. Average price per square meter of a new flat in Prague is 70 thousand CZK. In previous years it was between 60 and 65 thousand CZK per square meter. There are not many apartments for sale in 45 thousand per sq. meter category.

Read more

Taxation of Czech Real Estate

There is a Property Transfer Tax of 4% to be paid by the seller from the sale price of the property. This rule should change soon and the obligation to pay this tax would be switched from the seller to the buyer. Newly constructed residential sales are subject to 15 % VAT, up to certain size. Luxury, newly built properties are subject to 21 % VAT. New commercial properties are also subject to VAT of 21% of the sales price. This year there is a new VAT introduced on construction plots with utility networks, also with the base rate of 21 %.

Still Czech republic is one of the countries with lowest tax burden in the area of real estate. Annual tax on real estate is negligible, there is no inheritance tax among close relatives. Hotels, apartment houses and other commercial properties are often sold via Czech registered companies to avoid paying property transfer tax of 4 %.