What are the typical real estate agent fees?
A real estate agent typically charges between 2.5% and 5% and is almost always paid by the seller.
Can I purchase property directly?
In order to purchase property you must set up a limited liability company (s.r.o.) or have a long-term resident visa (one lasting five years or more).
Can a S.R.O get a mortgage?
Yes, but your s.r.o. must be a single-purpose company established only to acquire and maintain real estate. It cannot engage in any other business.
Am I too late to buy property in Prague? I hate being the last one in!
The statistics suggest that there will be strong growth in the residential property market for some years to come. Property in neighborhoods adjacent to the center (where 3,000 euros per square meter is a typical price) can cost as little as 1200 euros per square meter (p/m2) with a price differential of 1800 euros. There is, therefore, certainly plenty of room for strong growth.
Read the full Real Estate FAQ article...
| 
