Czech Republic
- High quality developments from £41,542
- 10% deposits
- 85% LTV mortgages available
- Capital Growth currently approx 10 to 15% p.a.
- Rental returns are 6 – 9% and rentals can start immediately after completion.
- The massive rental demand for your property 52 weeks a year is fuelled by the domestic wages boom.
Why Prague ? Approximately one third of the Czech
Republic's population need re-housing due to poor quality
housing from the communist era. It is estimated that 50,000
new homes need to be finished annually until 2010 to meet
this housing need and the majority of housing is required
in Prague itself. English is very widely spoken throughout
Prague.
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No Stamp Duty due on new purchases and a relatively
small 3% charge on resale properties.
VAT on new build properties is currently 5% but this
is set to rise soon.
Capital Gains Tax implications : Should you own a property
in your own name for more than 5 years no tax is payable.
Otherwise corporation tax is currently 26%.
Service charges for apartments : Normally just a few
Czech Crowns per square metre per month to cover communal
areas is payable. On average 50p per sq/mtr.
You are allowed to buy an unlimited amount of properties.
Contracts are fully assignable so you can resell your
investment at any time even before completion.
Completion Costs are max £5,000.
Optional 3 day Accompanied Visits:
£89 per person, £149 per 2 people sharing. This includes
flights and 5 star luxury hotel accommodation. With Prague
just 1hr 45min away from most UK airports we offer you the
opportunity to visit Prague and see for yourself. See the
finished buildings and the sites of the new proposed builds.
Also meet our recommended Mortgage Advisors, Letting Agents
and Solicitors.
Then please take a little time to
- explore this remarkable city at your leisure. Your hotel is situated in a prime location with excellent transport links or you can simply enjoy
- a stroll around the historic, cobbled streets winding between fairytale architecture,
- stopping for a drink and a bite to eat at one of the many riverside cafes. In the evening you will discover
- Prague's vibrant nightlife,
- dine in excellent restaurants,
- sample unique and inexpensive European beers in
traditional Czech pubs or
- experience the city's famous bars and nightclubs
that draws tourists and locals alike.
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Property
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Properties Range from
GBP 32,177.00 to 183,271.90
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Properties Range from
GBP 242,952.38 to 237,666.67
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