Exceptions of Czech Real estate that cannot be bought (yet)
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Czech real estate legislative exceptions - 2 of them

Foreigners are free to buy real estate in the Czech Republic with two exceptions:

The Czech Republic has negotiated a transition period for two types of real estate.

These are:
1 ]
agricultural real estate (farmland and woodland)

2 ]
secondary residences (second apartments, weekend houses and cottages).

These limitations do not effect all foreigners and are temporary.

In the first case they may remain in force a maximum of 7 years, and in the second, no longer than 5 years after the Czech Republic has entered the EU which it did in May 2004.
Czech parliament is debating on these and changes may occur sooner then the above stated timelines.

The basic point of these restrictions - in theory - is not to allow rich EU member state member countries' investors to buy up cheaply the whole of the Czech Republic.

In practice - who had the money has already bought up what was to be bought up by or through S.R.O companies set up in the Czech Republic so the general view on these exceptions is that they should be done away with as soon as possible to allow sincere small investors to either buy their retirement home or even buy small lots of farmland bringing in their expert know-how and possibly creating new jobs.

Other EU member countries limitations
Prior to the accession of the Czech Republic into the EU, several other EU member countries went through transition periods.
However, the periods that were negotiated for those countries have already run out.

Among the older EU member countries, only Denmark still has an exception but several of the new EU member countries have transition periods, (Hungary and Poland).

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