Summary of the Residential Real Estate Market in the Czech Republic in 2024 and the Outlook for 2025
Housing Price Trends from 2021 to 2024 The Czech real estate market reached its peak at the end of 2021 after several years of sharp increases. Between 2018 and 2021, apartment pri
New Apartment or Renovating an Old One? How to Make the Right Choice in the Czech Real Estate Market
Real estate prices continue to rise, and the dream of owning a home—especially in Prague—is becoming increasingly out of reach for more and more people. Prospective buyers ofte
TAXATION FOR ISRAELI INVESTORS IN THE CZECH REPUBLIC
As of 2003, Israel’s territorial tax system was replaced by a personal tax system. WHAT IS THE SIGNIFICANCE OF THE TRANSITION TO THE PERSONAL TAX SYSTEM? As of 2003, Israeli
Early 2024 – Is the Real Estate Rally in the Czech Republic Beginning?
On December 22, 2023, the Czech National Bank announced a 0.25% reduction in the national interest rate, effective immediately. This marks the first interest rate cut by the Czech
Changes in VAT Rates in the Czech Republic Starting in 2024, Including Real Estate Implications
Czech President Petr Pavel has signed an updated package of the government’s economic measures as part of a recovery plan. This package includes changes compared to the origi
ŠKODA – THE CZECH BICYCLE THAT REACHED THIRD PLACE IN THE WORLD CAR INDUSTRY
The Czech Republic is still renowned for its well-developed industry and there is a much knowledge there related to heavy machinery production, metal working and a high level
THE CZECH REPUBLIC – BACKGROUND AND OVERVIEW
In our global world, businessmen active in a large number of countries must be aware of historical as well as contemporary processes occurring in these countries. The reasons are m
THE POLICY OF THE CZECH REPUBLIC IN REGARDS TO CANNABIS
The Economist claims that the Czech Republic is the most liberal country in Europe in regards to drug use in general and Cannabis (used to produce the recreational drugs marij
THE JEWISH COMMUNITY IN THE CZECH REPUBLIC
BEFORE WORLD WAR II, THERE WERE 325,000 JEWS IN WHAT WAS THEN CZECHOSLOVAKIA. 270,000 OF THEM PERISHED IN THE HOLOCAUST. MANY OF THE HOLOCAUST SURVIVORS. LEFT THE COUNTRY DURING AN
Official interest rate of the Czech National Bank – monthly average (in percentages)
In light of rising global inflation and frequent interest rate hikes, we found it important to update you on the latest changes and developments in Prague, their impact on the real
