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
of housing in the Czech Republic
3%
Average price per 1 m²
increase per quarter
increase per quarter
0,01—6,2%
Buyers’ related expenses,
of the transaction amount
of the transaction amount
How the residential property price index is growing in Czech Republic
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
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
maintenance of an apartment
Communal payments
Electricity, gas, water, heating, and garbage collection |
€117—274Per month |
Internet, TV and telephone |
€14—25Per 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
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.
