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Real estate investment in Czech

Foreigners can freely buy, rent out, and sell real estate in the Czech Republic.

Statistics confirm the liquidity of investments: the price of residential real estate grows every quarter by an average of 3%. Five years ago, an apartment of 100 m² cost an average of €227,000, and today it is sold for €399,000.

€3,988 Average price per 1 m²
of housing in the Czech Republic
3% Average price per 1 m²
increase per quarter
0,01—6,2% Buyers’ related expenses,
of the transaction amount

Cost of a 3-bedroom apartment in the Czech Republic

€2 million

Penthouse
in the historical centre of Prague

€1 million

Apartment
in the historical centre of Prague

€650,000

Apartment in Prague,
outside the historic centre

What do investors buy?

The most expensive property is in the capital, Prague.

Apartments

  • penthouses and attic apartments
  • apartment

House

  • townhouses
  • mansions and villas
  • castles and manors

Czech residence permit or citizenship by real estate investment

Obtaining a Czech residence permit or citizenship is not connected with purchasing real estate.

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Taxes and associated costs

Purchase
Ownership
Sale

Property buyers pay a mandatory registration fee. Additionally, they can pay for legal support and an agency fee, which is a real estate agency support commission.

Associated costs are approximately 0.01% to 6.2% of the purchase agreement value. When buying an apartment worth €1 mln, the investor will spend approximately €1.04 mln, including additional costs.

0.01—6.2% Of the contract value are related costs for the purchase of housing in the Czech Republic
Purchase expenses
Registration fee
€39 
Legal support of the transaction

It is not necessary to involve a lawyer

1.2%

VAT included

Agency fee
2.5—5%

Taxes

Property owners pay an annual tax of €0,07 to €2 per square metre of the property. The tax rate depends on the property type and location.

Rental income is included in the income tax of 15%.

€2,112 Approximate annual costs for
maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection
€117—274 

Per month 

Internet, TV and telephone
€14—25 

 Per month 

If the seller of real estate in the Czech Republic has owned the property for less than five years, they pay a capital gains tax of 15% on the difference between the sale and purchase prices.

15% Capital gains tax on the sale of
real estate in the Czech Republic

Frequently asked questions

Can a foreigner buy property in the Czech Republic?

Yes. Foreigners in the Czech Republic can buy, sell and rent real estate without restrictions.

How much does a house cost in the Czech Republic?

The average residential real estate price in the Czech Republic is €3,988 per 1 m². The most expensive property is in Prague, the capital city: at around €7,200 per 1 m² according to Numbeo.com.

How do you buy a house in the Czech Republic?

Both foreigners and Czech nationals can freely buy, sell and rent real estate in the country.

Buyers of real estate in the Czech Republic pay a mandatory registration fee. Additionally, they can pay for legal support and an agency fee. The associated costs will amount to approximately 0,01%— 6,2% of the purchase and sale agreement.

How much is property tax in the Czech Republic?

Property owners in the Czech Republic pay an annual property tax from €0,07 to €2 per 1 m². The tax rate depends on the type of property and its location.