The Government plans to standardize the process of paying VAT, abolishing the preferential tax rates. Real estate professionals believe that this will lead to higher prices for housing both the primary and the secondary market.
In the first quarter of 2011 real estate values ??in the Czech Republic has not changed. According to a company representative RIPID sro Roman Potemkin, the market is still stagnating prices, however, in connection with the forthcoming changes in legislation may occur jump in prices.
Most foreign investment, as the Roman Potemkin, arrives in Prague and Karlovy Vary. "The property market in these cities, especially liquid assets: they are much easier and more profitable to sell an apartment or commercial space and rent," - says the expert.
The greatest demand among foreign investors enjoy a-or two-bedroom apartments in Prague cost about ? 100 thousand "Average rent for similar apartments:? 600 plus utilities. In terms of investing the most attractive areas of Prague are Zizkov, Nusle, Carlene "- adds novel Potemkin.
In Karlovy Vary, investors generally buy one-bedroom apartments in the resort center cost about ? 60 thousand "for a similar property can be rent: ? 500 plus utilities. Investment are not large apartments (three or four-), because they are difficult to rent and sell. One of the most important criteria for foreigners in the choice of real estate is the operating cost of housing, as well as its profitability, "- says Roman Potemkin.