The advantages of buying commercial real estate in the Czech

The Czech Republic is a perfect country to live and work productively: low taxes and costs for the maintenance and servicing of real estate, loyal attitude of the local population towards foreigners, a stable visa regime, ideal conditions for purchasing different kinds of real estate, investing and running your business.

This isn’t just words. One should be aware of that, for instance, in France, Switzerland, Germany, Italy, Spain and other countries foreigners have tougher laws while buying commercial real estate: a ban on the resale of real estate for 5 years, restrictions on the size of living space, areas of residence, high tax rates, bans on benefits, increased coefficients for utilities. Furthermore, there is an obligation only a local company can buy an apartment, house or business. The constancy and unquestionable evolution of the commercial real estate market make it interesting for worldwide investors all around the planet. Perspective investment to real estate business in Prague can be compared with money deposit in the best banks of Europe. The high level of adaptability on the real estate market in the Czech Republic is giving an amazing possibility to purchase or sell the property according to the situation.

The major advantages of purchasing commercial real estate in the Czech Republic:

• First of all, it is still one of the cheapest in the European Union.
• There is one of the highest standards of living – the country ranks 27th in the world.
• What is more, the Czech commercial real estate market is transparent and approachable to investors.
• The state provides entrepreneurs with a favourable investment climate.
• One must draw reader`s attention to the firmness of the institution of private  property.
• The continuing tendency of increase in the value of the commercial real estate.
• The successful geographical position of the Czech Republic in the centre of Europe, the accessibility of local resorts for tourists from neighbouring countries (for example, Germany, Austria).
• It’s also of utmost importance that the Czech language has a lot in common with Russian, which  noticeably facilitates its learning.
• Developed banking infrastructure and loyal legislation if we’re speaking of immigrants in the Czech Republic.
• Last but not least, the successful integration of the Czech business in the European economy.