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[CRC] maintains offices in Prague with full time staff including legal representation.
1.) Large inflow of foreign buyers from the developed countries, mainly from European Continent as well as from US and Canada.
2.) Real-estate has been appreciating 30% /yr., we think this trend will continue for some time.
3.) With the Czech Republic joining NATO on Mar 15th 1999 we are anticipating extra inflow of buyers because of greater political stability.
4.) Political climate is still quite favorable to foreign investments, however special condition has to be met in most circumstances.
5.) Everything and anything sells- be it big or small, expensive or
cheap.(The P.Tribune, oct97) However despite of all this
we invite you to find out for your self to see if this kind of investment
fits your needs.
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Despite of question about the country's economic future, Prague's residential market is absorbing nearly everything- be it big or small, expensive or cheap.This is driven partly by foreign buyers and by new rich Czech with cash to burn.
The prices vary according to a location, same as in every major city. For instance the same house let's say in Prague 6 will sell for more than let's say the similar house in Prague 8.Prague 6 is more desirable. In Prague 6 there is more residential houses available in comparison to Praha 2, where there are more apartment buildings. These apartment buildings are not the so called "panelaky" (dwellings), but rather older 5 to 8 story you may say historical buildings usually with nice ornamental front (varies with building). We try to select only buildings which are of a good value with great potential. We take a great care in selecting our offers. Buildings which are in center called "Stare Mesto" are very rare and very desirable investments, because of great location, old historical nature, and tourist atractivity. They are the greatest moneymakers, since most of them could be converted and lucratively leased for commercial enterprises.
We are not in a business of "exporting" the Real-estate to outside buyers however if there is an individual or Company which would like to own any of the properties listed on these pages for various reasons, which could include investment for possible future appreciation, or if they think perhaps to relocate there, we have the offers here and they are open to anybody local or foreign, we do not by any means promote the "sell out" as it may be viewed by some. These listing are open to anyone and everyone has a same opportunity, on first come first serve basis.