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Prague’s surging real estate prices overflowed into the suburbs despite ongoing economic damage from the Covid-19 restrictions. As of October 1st, 2020, the amount of Czech cottages sold grew by 12.6% compared to last year.  The prices of cottages in the Czech Republic went up by 28.5 %, according to Czech real estate brokerage Reas.  “Besides the coronavirus crisis, the reduction of mortgage interest rates and the anticipated abolition of the property acquisition tax are also greatly helping recreational style real estate,” said Michal Makoš, CEO of Reas. The areas that experienced the biggest rise in prices were the Southern Bohemian region (more than 50%), the Vysočina region (46.5%), and the Ústí nad Labem region (44.8%). In Prague, they actuallyRead more.

As an example of mortgage costs, our mortgage broker has offered up the following financial example: For a CZK 3,000,000 loan, the monthly payment over 30 years is around 11,300 CZK / month. The required deposit is 10% LTV (Loan to Value). Rates for higher deposits can, of course, be discussed. If this has you thinking, drop us a note using the form on this page, and we’ll get in touch. Why RENT? BUY! The interest rate offered would be advised at the time of application. These rates are illustrative only. No related posts.Read more.

As an example of mortgage costs, our mortgage broker has offered up the following financial example: For a CZK 5,000,000 loan, the monthly payment over 30 years is around 19,000 CZK / month. The required deposit is 10% LTV (Loan to Value). Rates for higher deposits can, of course, be discussed. If this has you thinking, drop us a note using the form on this page, and we’ll get in touch. Why RENT? BUY! The interest rate offered would be advised at the time of application. These rates are illustrative only. No related posts.Read more.