Anyone who has been to Prague I’m sure will agree with us that it is one of the most beautiful cities in Europe if not the World, but if it’s investing in overseas property that motivates you to visit Prague then we predict you’ll fall in love with its potential.
What makes the architecture of property in Prague special is how the five distinct areas, each built in five different centuries blend together.
When looking at Property in Prague as an investment proposition there are a number of factors that are making it look more and more attractive. Top of the list is that Prague is fast becoming the European headquarters for many multi-national big name companies and when you add the other important factors property in Prague is looking good for investment, the highlights;
- A strong and growing local economy means good rental yields from both individual and corporate lets. The population is currently 1.9 million and growing, Prague is the 12th richest European region.
- A total of 41,650 apartments were constructed in 2007, which is sure sign of demand from both locals and overseas property investors
- In 2007, 77,915 mortgage loans were signed, and finance is relatively easy to arrange
- Tourism to Prague is a growing fast, importantly as an all year round tourist destination, Prague is the most visited city in Europe attracting an astonishing 25 million visitors in 2007.
- The local population are enjoying the fruits of a newly developed enterprise spirit, and welcome investment from overseas property investors.
- There are an ever expanding number of budget flights to the city
As a rough guide, Prague property in a reasonable location will attract between £250 to £350 per month on long term rental
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