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Skanska Property CR acquires FIVE! project in Prague 5

Skanska Property Czech Republic has acquired into its commercial portfolio the FIVE! development project in Anděl-Smíchov business location, Na Valentince street, Prague 5. The project was sold by HOCHTIEF Development Czech Republic, represented by real estate agency DTZ. The project is sized ... more >>

2015 Czech Property Forecast (Prague, Brno, Ostrava, Hradec Králové, Zlín and Olomouc)

If I was to use one word to describe the Czech property market right now it would be excitement. Excitement from existing owners, excitement from buyers and excitement from real estate agents, developers, building contractors and all who make their living through property. more >>

CPI Property Group acquires residential project in Sardinia for EUR 5.6m

CPI Property Group has acquired a residential project in Sardinia, Italy. The project is situated on a lot sized 3 ha near Porto Cerva. The transaction is worth EUR 5.6m. Together with subsequent investments, the project’s value will total EUR 10m. According to CPI Property Group, the project ... more >>

CEEC Research: Real property market recovers in 2014

While the year 2013 was a pledge of recovery on the real property market in the Czech Republic, 2014 was a strong growth year in all real property market segments. This statement was made by LEXXUS director Peter Višňovský within a CEEC Research survey. Real estate agencies reported strong ... more >>

Why Rental Property Is a Better Bet than Farmland

There has been much hype in the news lately about investing in farmland. Reportedly it is a favorite investment choice among Czech and Slovak millionaires. Investment funds has also been gobbling it up and promoting it.  more >>

Nový Žižkov Project Real Estate

A brand new, modern, sophisticated urban area set into greenery and publicly accessible parks and areas for recreation and relaxation are going to be built on the premises of the existing Žižkov freight railway station by CCZ. The grounds, currently in a very poor shape, will thus receive a ... more >>

How to make a mind-blowing 137,500 CZK per hour on your mortgage renewal

I just made 137,500 CZK for one hour’s work. It beat my previous record of 45,000 CZK per hour . This was my part of a reduction in interest rate I was able to negotiate on a Canadian property I am co-owner in.  more >>

The new reality of the Brno and Prague property markets

The property market recovery is officially in full swing. In the cities of Prague and Brno the real estate market has quickly turned over the last year from a buyer’s market into a seller’s market.  more >>

Purchasing your own home in the Czech Republic

The long-term stability enjoyed by the Czech Republic makes it an ideal country for both investing and living. Interest from foreigners has increased significantly since the amendment of the Foreign Exchange Act in 2011, which resulted in the full liberalisation of the Czech real estate market. ... more >>

Prague Property Market Outlook – 2014

The year 2014 is beginning in a much more positive way than 2013 did. The collapse of the Euro currency is not even a topic of discussion anymore neither is a divorcing of any of the EU member states. The economic situations in both the US and EU are markedly better and shows signs of continued ... more >>

Convenient way to your housing

Are you a foreigner coming to Prague and you need new accommodation? Whether you are thinking of buying or renting a house or apartment, we have a tip where you can pretty easily find your property. Professional real estate server always offers interesting properties. more >>

Lesson learned: Conquer analysis paralysis

‘Analysis paralysis’ - I forget where I first heard this phrase but it stuck with me. With regard to property this is the condition where a person’s obsession with the details of a deal stops a purchase.  more >>

2014 Czech Property Forecast

With the property price bottom behind us, mortgage rates still at record lows and other investment mediums tanking, look for Czechs purchasing investment property to put pressure on resale prices, especially smaller property. more >>

Lesson learned: Don't let experts scuttle your property deal

Lawyers and accountants are indispensable but can also ruin deals if you let them. This was illustrated recently with a property we were reselling for a client in Prague. A buyer was so interested in the property and it was empty that she asked to move into it as a renter before the sale went ... more >>

Major Legislative Changes Regarding Real Estate in the Czech Republic Introduced by the New Czech Civil Code

As of January 1, 2014, a substantial and complex recodification of Czech private law will become effective. This recodification is the largest change in Czech legislation in over two decades and presents a huge challenge to the Czech legal community and the Czech population at large. more >>

Profitably exiting from an s.r.o. owned property

When it comes to the minds of many foreign property owners the words ‘profitable’ and ‘s.r.o.’ don’t belong in the same sentence. For the unfamiliar, there was a period when the only way a foreign citizen could purchase property in Czech Republic was through a Czech limited liability company ... more >>

Property market bottom is behind us

The CNB’s move this month to control currency rates is the clincher in my mind that the property market will not be going backwards from this point.  more >>

Lesson learned: Check references thoroughly, even if it’s a national hockey hero

I was waiting for an arranged viewing of a flat owned by my wife and I – a rather large flat but unreconstructed. To my surprise, I see a black Porsche Cayenne park in front of our apartment block and three big athletic guys get out.  more >>
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