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city symbol of Prague

THE DIFFERENT QUARTERS IN PRAGUE – CHARACTERISTICS AND ATMOSPHERE

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PRAGUE’S MUNICIPAL STRUCTURE Prague, the capital city of the Czech Republic, has a two- or three-layered local administrative structure, depending on the area. The Prague municipality (Magistrát hlavního města Prahy) heads the system and is responsible for public transport; refuse collection; firefighting and rescue services; cultural activity; looking after historical sites; running the Prague zoo; and …

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CZECH PASSPORTS – AMONG THE WORLD’S TOP TEN MOST POWERFUL

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The measure that determines the ranking of a certain passport takes into account the number of countries the passport holder can visit without requesting a visa in advance or that will grant a visa immediately upon reaching the destination. Countries that have an agreement between them on this issue usually allow each other’s citizens unrestricted …

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Na prikope street

THE NA PŘÍKOPĚ STREET IN PRAGUE 1 IS NOW ONE OF THE MOST EXPENSIVE STREETS IN THE WORLD

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The Na příkopě street in the Old City of Prague is now the 19th ranked street in the world in terms of rent rates, according to a study performed by the Cushman and Wakefield Company which reviewed the rent derived from apartments in 446 streets in 65 countries. The most expensive street for rent in …

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metro

UNEMPLOYMENT RATES IN THE CZECH REPUBLIC ARE AT AN ALL-TIME LOW

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The unemployment levels in the Czech Republic have reached an all-time low and are no more than 2.9%. What this means for those seeking employment in the state is that finding work in the Czech Republic was never easier. According to the data of the Czech Ministry of Labor and Social affairs, there are currently 10 available …

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euro

THE RECENT CHANGE IN THE CZECH REAL ESTATE ACQUISITION TAX – 2016

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The sale of previously owned property in the Czech Republic (excluding the sale of new flats by contractors) is subject to a transfer tax. This tax was formerly known as the Real Estate Acquisition Tax, on in short REAT. The tax totaled 4% of the value of the property. CZECH ACQUISITION TAX – NEW MODEL According to …

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PRAGUE HAS THE HIGHEST NUMBER OF BUSINESSES IN THE WORLD THAT ACCEPT VIRTUAL COINS

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An analysis by the economic magazine Forbes based on the Coinmap data results in an unambiguous conclusion – Prague is the leading city in the world in the Bitcoin field. Prague has the highest number of businesses that accept Bitcoin payment (147 places). Prague is followed by the following 9 cities: Buenos Aires, San Francisco, Madrid, New …

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The river in Prague

ARCHITECTURAL STYLES IN PRAGUE: A GUIDE FOR INVESTORS IN HISTORICAL PROPERTIES IN PRAGUE

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One of the things which makes Prague into a leading real estate investment site is its architecture. In fact, Prague can also be called “a world architectural treasure” without any exaggeration. Unlike other cities, where one can usually see one or two dominant architectural styles, in Prague one can be wowed by all of the central historical …

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Not Prague

THE FOUR MOST COSTLY MISTAKES BY FOREIGN INVESTORS IN THE CZECH REPUBLIC

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Czech real estate has once again become a major focus for foreign investors. The relatively stable political circumstances, together with the artificially weakened currency and the rise in property prices, are only some of the reasons. Nonetheless, there are several mistakes made by foreign investors time and again, which significantly reduce their returns on investments …

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Living room in a new house

7 REASONS TO INVEST IN OUR NEW RESIDENTIAL REAL ESTATE PROJECTS IN PRAGUE

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Buying apartments in new residential projects in Prague is an interesting investment opportunity for many reasons. Newly constructed apartments close to downtown Prague (Prague 3 to 9) are in high demand given their slow supply on the market. Czech construction regulations really drag our the construction permit process, making it impossible for Prague developers to satisfy …

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