Prague has become the place with the cheapest offices

Offices in Prague are in high demand among local and foreign investors. Over the past few years, entire office blocks with well-developed infrastructure have been formed in the city. This is facilitated by a government policy focused on maintaining favorable conditions for the development of small and medium-sized businesses. The favorable territorial location allows scaling the business, to bring projects to the international market.

According to an investment market study, Prague has the lowest cost of office space compared to other major European cities. At the same time, the profitability of the office, which is leased to a long-term lease, is on average 4-7% per annum. Offices in Prague are also being purchased to resell in the peak of increasing market demand. The relatively low cost of office space attracts foreign entrepreneurs.

Why is it profitable to buy offices in Prague?

By the end of 2019, Prague plans to commission 11 new business centers. Even before the completion of construction, a significant part of the area has already been leased, so in this segment, there is a lot of competition and the “race” for free real estate. You can purchase an office of any size, for example, for a startup starting (from 10 sq. m) or a large IT company (from 2500 sq. m. and more).

It is worth mentioning a few key reasons that make buying an office in Prague a profitable investment:

• simple purchase procedure: you can arrange an office for both a legal entity and an individual. To do this, you need to have a personal passport, passport, company documents with you.
• favorable lending conditions: local banks offer the most comfortable financing conditions. You can apply for a mortgage with an interest rate of up to 4%, which is the lowest rate among European countries.
• Schengen visa: when buying a property in the Czech Republic, everyone receives a Schengen visa, which allows them to stay in any of the European countries for 3 months.
• a stable source of income: Prague offices can be rented for short or long term. Experts predict an increase in the interest of international companies, which makes the Czech capital the epicenter of great opportunities for entrepreneurs.

If you decide to open a business in Prague, we recommend that you already be interested in purchasing an office, as this market is highly competitive and it is not easy to get vacant space in the capital. You can always count on our help. We wish you success!