Posts Tagged ‘Real Estate’

Understanding Real Estate Investment Opportunities in the Czech Republic

Saturday, June 11th, 2011

The increasing wealth of the nation is being distributed among its people because Czech citizens are benefiting from an abundance of better paying employment opportunities as more international companies relocate to the Czech Republic.

All of these facts mean that the real estate market in the Czech Republic is currently buoyant, in demand and potentially very lucrative for overseas investors who seek to directly target the local market with rental accommodation and resale property.

The key to making a successful real estate investment in the Czech Republic is targeting the local market. Outside of the country’s capital city of Prague there is very little tourism interest in rental accommodation and very little expatriate interest in purchasing accommodation – so those who wish to profit have to identify exactly the types of property the local citizens’ demand and target that particular market segment.

In Prague and the city of Brno for example, quality family apartments are most in demand from the rental sector. In terms of properties people are seeking to purchase these include family homes in city suburbs and well located apartments preferably with access to shared facilities such as a gym.

The Czech people are embracing their new found wealth status and have adopted a very cosmopolitan and ‘western’ standard of living which means anyone contemplating renovating real estate particularly in Prague should do so with these facts in mind. Properties with high standard finishes and quality fixtures and fittings rent or sell the fastest, and as mortgage products and property based finance become more widely available across the Czech Republic so the consumer demand for larger and more expensive properties to purchase intensifies.

This means that a real estate investor who gets on the property ladder now in the Czech Republic can improve, increase and expand his property portfolio within the country as the Czech people become more able to afford more expensive property.

US, UK and EU citizens are free to own real estate in the Czech Republic and many choose to do so through an SRO which is a Czech limited liability company. These companies act as a taxation and liability shelter for property owners and can be established within a couple of days by any lawyer in the Czech Republic.

Legal Position of foreigners owning property in Germany

Thursday, October 29th, 2009

Germany a late entrant in the real estate business is destined for higher plateaux. Though the country is considered as much more technologically advanced than most of its European counterparts, it is the housing segment that requires cosmetic work to bring it back to the forefront of the world’s property stage.

The German government has not imposed harsher limits on the foreign ownership of property in the country. Non-Germans can also buy, own and sell an unrestricted quantity of land and homes. They can also hold property as landlords, and even develop property after satisfying certain simple rules and regulations. Buyers from EU countries have an added advantage of access to residency and labour rights as set out in EU law. The Non-EU investors must consult the local embassy regarding their rights in Germany.

A legal professional is required to carry out all the paper work for the real estate investors. This is because most of the administrative work requires to be executed in German, and despite your best knowledge of the language, you’ll be ill at ease while handling the local authorities.

The Banks are also offering low interest rates on mortgages. Most banks will lend up to 70 per cent of the purchase price, though you will have to fulfill certain conditions. The maximum mortgage terms are 30 years on a rate of fixed interest.

Any property purchase in Germany is susceptible to Property Tax as per different rules of the different regions. However, the rates are not too prohibitive. Even the rental income is chargeable under Income Tax. It’s better that you hire a local solicitor to guide you through the possible tax minefield.

In addition to offering property for sale in different locations in Germany we also have at your disposal a list of other useful tools to help in your decision making when considering buying a property in Germany :

– Buyers Guide – A useful article on the buying process when buying a property in Germany

– Country Guide – A detailed guide to Germany including information on health, economy, business, travel, things to do, excursions and much more

– Locations – A current list of locations that have property for sale in Germany

– Airports – A guide to the main airports in the country, where they are and how to get there

– Attractions – A list of popular tourist attractions

– Estate Agents- a directory of estate agents and a list of real estate agents selling property

– News Articles – A useful resource for learning about the country, what’s happening and useful information

– Shopping – A directory of useful resources to assist in your purchase or travel including; Flights, Accommodations, Car Hire, Mortgages, Holidays, Lawyers and much more.

– Useful Resources – a list of useful resources that you might find of general use.