Since 2000, property prices in the country of Czech Republic have been stable. In the last 1990's, a boom in the real estate market was seen. Today there is evidence that two sectors are seeing good growth, although it is still small.
Multi dwelling properties in the country rose by 5.65 per cent. Single family home prices rose by 3.86 per cent.
Property purchases from foreigners here are expats, looking to retire to the country for a better cost of living and a quality of life improvement. Many of those retiring here are coming from the central Prague market.
The best investments here seem to be in smaller apartment unique, over high end luxury properties which traditionally have been beneficial.
Property investors can be rather limited here due in part to the difficult of obtaining a title for a real estate. Purchase purchases here are possible, but they must be done indirectly, such as through a locally situated corporations. Corporations are considered to be residents even as the corporation may be a foreign one.
Also announced in the Czech Republic was an announcement by the central bank board member Pavel Rezabek. He does not see any need to raise the key lending rates in place in the country for short term benefits. Rather, he plans to leave rates steady for the long term.
