The prices of new apartments in Prague are not projected to drop in the upcoming years and as of the second half of 2017, the average price per square meter is around 75,791 Czech Korunas. A rise of 15% in comparison to the previous year has in fact taken place, according to the data of the …
NEW APARTMENT PRICES IN PRAGUE CONTINUE TO RISE (2017) Read More…
The city council of Prague has launched two new online sites (shared-accommodation.praha.eu and sdileneubytovani.praha.eu) for investors renting out apartments for tourists in Prague who utilize online services such as Airbnb, Roomorama, Trivago, VRBO and iBooking. The sites are intended for both apartment owners and renters, and currently provide information in English, Czech, German and French. The Mayor …
Owners of any piece of privately-owned real estate in Czech Republic have duty to pay every year real estate tax. This property tax has one major difference from other types of taxes levied in Czech Republic – it must be paid in advance (always for upcoming year). So what exactly is this real estate tax …
ALL YOU NEED TO KNOW ABOUT REAL ESTATE TAX IN CZECH REPUBLIC Read More…
In the second Quarter of the year 2017, the apartment prices in the Czech Republic have risen by 13.3% – the highest rise in the countries of the European Union, where prices have risen by no more than 3.8% (in the Euro block) and by 4.4% (In all states that are members of the European …
A proper understanding of tax laws and bureaucracy is crucial when entering a foreign market. Tax reform is currently under debate in the Czech parliament and there are plans to implement new tax regulations in 2014. Listed below are the most common, and often complicated, aspects of the Czech tax system. Tax year in the …
The green route, which the Israeli Tax Authorities announced on the 26.09.2017, makes investment in the Czech Republic easier and more remunerative than ever! One of the primary barriers Israelis who invest abroad (such as individuals who purchase shares in local corporations or who purchase local assets overseas) have encountered up to now is the …
The numbers prove that the economy of the Czech Republic is amongst the strongest in Europe. The GNP in the second quarter of 2017 was higher by 2.5% than the previous quarter. This is a rise of 4.7% compared to the matching quarter last year. According to the Central Statistics Office of the Czech Republic …
THE ECONOMY OF THE CZECH ECONOMY IS VERY SUCCESSFUL IN THE SECOND QUARTER OF 2017 AS WELL Read More…
South Korean and Chinese tourists are the top visitors to Prague in 2017. 100,000 Chinese tourists and 140,000 South Korean tourists have graced the streets of Prague in the past year. In fact, the number of East Asian tourists visiting Prague has consistently grown every year (with the exception of Japan, which we will discuss …
After twelve years of delays, approval has finally been granted for the renovation of the Wenceslas square by the Jakub Cígler Architect Firm. The bid of this office won the square design competition organized by the city of Prague as early as 2005, but the roots of the renovation run deeper, originating in the days …
EXTENSIVE RENOVATIONS OF THE WENCESLAS SQUARE IN PRAGUE APPROVED Read More…
The Czech Republic is taking another step in its attempt to raise the standard of living in the country. Starting on the 1.1.2018, the minimum wage will rise by 1200 Czech Korunas to 12,200 Czech Korunas a month. The minimum hourly wage will rise from 66 Czech Korunas to 73.2 Czech Korunas. “Work should be remunerative and …
2018 – THE MINIMUM WAGE IN THE CZECH REPUBLIC RISES AGAIN Read More…
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