| Where
are the best locations for
property buying in the Czech Republic ?
Real Estate Investment
If solely investment maximization is considered, than buying property
for renting out in a radius of 50 km of a major town is a very
viable option as many Czechs now have more money and are prepared
to live 'in the country side' commuting each day to the city.
Direct personal property buying
Presuming that a house buyer will not be dependent on having to
live bang in the center of Prague or other main Czech town centers,
then the best locations in respect to low prices and good real
estate deals are about 40 to 60 km from any main towns such as Prague, Brno, Kalovy Vary, Plzen, Ostrava.
Property 40 km from Prague will still cost
more than property 20 kms from Brno but in general, this 40/60
km distance has a noticeable influence on the 'cheapness' of the
property.
Personal home
buying
Even better deals can be found in the many small villages
that constitute the mainstream make-up of the Czech Republic if
one is considering buying a retirement home.
Young Czechs are abandoning the smaller
villages opting for better job opportunities in the big towns
so there are many a great real estate deals to be found in smaller
Czech villages as opposed to town centers.
Even many Czech retirees are moving to these
same villages to make their pensions stretch out further but at
the same time many villas and detached houses in the villages
remain un-rented and unsold because unfortunately (or fortunately
as in the case of the foreign house buyer) most Czechs just do
not have the money to buy or rent them.
So if some Czech retirees can afford to
buy these villas and slowly renovate them - international, western
European countries' home buyers would consider the prices very
affordable.
Here we are in the region of Euro 15.000
to Euro 25.000 with costs of building and renovating materials
being very cheap and the cost of professional labour (bricklayer,
plumber, electrician) ranging around Euro 3 per hour.
Average general labourer wages can be as low as 2 Euro per hour
Sure, there are many factors to consider,
starting off perhaps with the language difference, but Czech is
not all that hard to master and most Czechs speak german and/or
english... and living off a western European pension, one can
get this to go up to 4 times further than in his own country if
living in the Czech Republic.
This alone may be the plus factor which
may outbalance the initial difficulties and minus points.
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