InvestInPrague.com
Title
Invest in Prague prague property sale rent let buy investing off plan new resale high yield discount real estate czech republic
Description
list of property for sale to buy in prague 1 2 3 4 5 6 7 8 9 10 off plan appartment house cheap special offers
We know Prague real estate intimately and on average, our property sales and viewing staff are in Prague several times every single week, showing new clients around and keeping us up to date with this fast moving market, to achieve the minimum of fuss and the maximum profit for your Prague property investments.
Our reputation serves us extremely well with the major developers in Prague, this is down to our many proven successes with them, this has earned is invaluable bargaining power, that is just not possible for the independent buyer. These are some of the benefits you will enjoy by investing with us:
Additional Information
We know Prague real estate intimately and on average, our property sales and viewing staff are in Prague several times every single week, showing new clients around and keeping us up to date with this fast moving market, to achieve the minimum of fuss and the maximum profit for your Prague property investments.
Our reputation serves us extremely well with the major developers in Prague, this is down to our many proven successes with them, this has earned is invaluable bargaining power, that is just not possible for the independent buyer. These are some of the benefits you will enjoy by investing with us:
- You will enjoy a much lower deposit than are traditionally required by developers, as low as 7.5% compared to up to 40%
- Rest assured you can be certain of the best possible prices, because we source off plan developments, before the building even starts, and receive considerable discounts as trusted agents with not only an office presence in the Republic, but also Czech speakers on our team in Prague.
- You will see your investment grow over the maximum term of 12 to 18 months before completion.
- Your money will remain 100% secure and is not used by the developer towards construction as in some cases.
- Your money is virtually always bank guaranteed by our contracts, and where no contractual security is in place, your money is held in a secure escrow account, just as if you were buying a new home in the UK.
- You can rest assured that everything is running smoothly because you will instruct a UK lawyer and you will receive your contract in English
- Your investment is easily affordable because we ensure all properties can be mortgaged on completion, and deal with several lenders offering loan to value mortgages of up to 85%, with great interest rates from as low as 3.49%
- The return on your investment will be higher because we continuously assess the rental yields to ensure properties will easily let and cover, if not better, your mortgage repayments
- You can count on our knowledge, contacts and experience, and on a professional and helpful service throughout the process, and also after completion.
- We are passionate about Prague, with the fabulous atmosphere the City has, and its amazing Architectural surroundings, the boom in wages amongst the residents of the City that will stimulate the property Investment opportunities for many years to come, leads us to believe that this love affair with Prague, will be a long and profitable one.
- Prague is Prepared, so why not visit and see for yourself what this great City has to offer you.
- The new Metro stations in Prague will see many more areas open up in the coming years, its Mayor insists that this is the way forward for the City, awakening in the new Europe, and not wanting to be only a minor player. 6 Million tourists visited Prague in 2005 and this is due to rise year on year. Streamlining its services for its population and visitors is key to its success, the new Metro stations and soon the whole of Prague's Taxi's becoming Yellow, will give Prague a better look and feel than ever before.
Come and see us soon, you will have a wonderful experience and decide for yourself if the Investment opportunities as good as we and our customers testify to.
How a property investment in Prague will make you money.
Capital growth Invest early Rental income Rental demand
Capital growth
Your investment will naturally increase in capital growth over time. The price of properties in Prague has been steadily increasing at ten to fifteen per cent per annum, some projects seeing a twenty per cent growth, a trend predicted to continue for the foreseeable future. Based on these figures, this means that in ten years time your investment of just a £4,500 deposit on an apartment at £39,000 could reach a value of £87,645.
Invest early
The key to generating maximum capital growth is to invest early to benefit from price increases at different phases throughout the development. While your property is being built its value is increasing, meaning that before you even have to start repayments on its mortgage, your investment will be making you money.
Rental income
Once your property is complete and ready for rental we will, on your instruction, assign it over to our professional letting agents who will always obtain a true market value rental income for you. For up to date rental assessments for each of our developments contact our office now.
Rental demand
Over the last two years the average wage in Prague has doubled, as a result of increasing numbers of multinational companies recognising the Czech Republic as a favourable and economic location in the heart of Europe. Management jobs are being created and professionals are fuelling the demand for high quality accommodation and luxury lifestyles that have been in short supply.
Typical return on your investment
We have included two examples here of the likely return on your investment over a period of five and ten years, based on a capital growth rate of 12.5% per annum. This is an average figure taken from the predicted growth rate of 10 to 15% per annum for the future.
example 1 example 2
purchase price £39,000 £107,000
1st year £43,875 £120,375
2nd year £49,359 £135,422
3rd year £55,529 £152,350
4th year £62,470 £171,393
5th year £70,279 £192,817
ROI after 5 years £31,279 £85,817
Against an original investment of £4,500 deposit Against an original investment of £16,000 deposit
10th year £126,645 £347,463
ROI after 10 years £87,645 £240,463
Prague Property
Invest in Prague offer a selection of new, refurbished and off-plan property investments in Prague. Property in Prague currently represents an excellent investment opportunity. Prices for new of refurbished properties are increasing at 20% per annum while gross rental yields on new apartments are running at 8.5%. The main growth driver is demand consistently outstripping supply – indeed, the Czech Statistical Office estimates a need to build 50,000 dwellings each year until 2010. In addition:
Government subsidies have boosted the domestic housing market enabling Czech nationals to secure borrowing at just 2%. A shortage of homes is boosting property prices and increasing demand for rental property
Economic and political stability. Real GDP growth is high at 4.1% in 2005. Annual growth is expected to increase to 4.3% in 2006.
High inward investment - over EUR 3 Billion attracted in 2003.
About Prague
Prague is a very popular tourist destination receiving over 6 million visitors per year(2005). It offers the contrasts of the past with bridges, cathedrals, gold-tipped towers and church domes, and that of a modern metropolis full of energy, music, and art. The architecture of Prague includes Romanesque, Gothic, Renaissance, and Baroque as well as classical buildings and Art Nouveau. Prague is also a city of bridges, 14 alone crossing the river Vltava. Prague is also a ‘Green City’ with numerous parks and forest areas. Prague was selected as one of the European Cities of Culture for the year 2000. The city is home to 81 museums, 108 art galleries, and 71 resident theatres and concert halls. Prague annually hosts major cultural events such as the Prague Spring music festival.
Traditional Czech food is pork typically served with dumplings and sauerkraut. The Republic is also famous for its beer (pivo) with Pilsner the best known.
POLITICAL & ECONOMIC SITUATION
A real estate investment in Prague provides a high potential for returns due to the strength and stability of the political and economic environment.
The Czech Republic is a parliamentary democracy and one of the 10 new members of the EU (as of 1 May 2004).
The independent Central Bank (Czech National Bank) has enabled currency stability since 1991. The Czech koruna is fully convertible. All international transfers (e.g. profits and royalties) related to an investment can be carried out freely and without delay.
The Czech Republic was the first CEE country to be admitted into the OECD. The country is a member of NATO and the WTO, IMF and EBRD.
Commercial, accounting and bankruptcy legislation are compatible with EU standards.
Any company registered in the Czech Republic may acquire real estate without any limitations.
Investment grade ratings from international credit rating agencies are highly positive:
Standard and Poor: A-
Moody: A1
Fitch-IBCA: A-
External Links
- Alexa: InvestInPrague.com
Community Reviews
Invest in Prague was a delight to visit
- Very good information, no push, no had sell when I rang
and asked for more information.
Hoping to visit next week.
Paul.
- posted by Anonymous on Aug 17, 2006, 12:49 am
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