Most of the expats and foreigners ask if they are able to get a mortgage in the Czech Republic and what are the current conditions. Here is a brief overview what you can expect:
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The year 2019 has already started and we provide you with our prediction for the upcoming months. Let´s start with the Czech mortgage market first.
If you are looking for an investment property and financing in the Czech Republic it might be helpful to consider if to obtain a personal mortgage for a personal property or if rather buy a property for a company. There are many aspects that should be considered. The main advantages why to buy a property for a company are below:...
The Czech National Bank has already rised the interest rates 5-times during this year. The last increasing by 0.25% (which is the same incresing than in the previous cases) was confirmed on November 1, 2018 last week.
The summer brings new approach to the mortgage financing for foreigners in the Czech Republic. What are the current options and how to get a financing for your property?
The Czech mortgage market has changed a lot within past months. And, unfortunately some new changes are coming.
Remember to pay property tax
30/05/2018
If you own a property in the Czech Republic you are obliged to pay a property tax for another year by 31 May 2018. If you paid later (after 5 June 2018) you would receive a penalty from the Czech Tax Authority.
Spring campaigns have already started!
10/04/2018
Every year the Czech banks attract potential clients to the banks. The spring campaigns have already started. What is the benefit for clients?
The Czech National Bank raised the key interest rate (2T repo) by 0.25% according to analysts expectation. The impact on interest rates on mortgages can be expected very soon.
If you buy e.g. a land, flat, cottage or apartment within the last year 2017 you will be required to file a property tax return.