How expensive are utilities in Karlovy Vary?

On average, apartment maintenance in the Czech Republic costs €100-200 per month. However, in Karlovy Vary it can reach €275, depending on the number of people living in the apartment, property type, and size.

Can foreigners get a residence permit by buying real estate in Karlovy Vary?

The same rules apply for Karlovy Vary as the rest of the country regarding residency through property purchase.

Do investors need to pay taxes and fees if buying property in Karlovy Vary?

It is necessary to pay property registration fees of 0.01–0.02% of its value, while the agency commission is 2-5%. Legal support totals about 1% plus 21% VAT.

What are the average yields of commercial real estate in Karlovy Vary?

Residential long-term yields are about 5%, while short-term rental yields are 8-9%. For example, the expected yield of a three-star health (balneological) spa hotel with 45 rooms is 8%.

Why is Karlovy Vary real estate attractive for investors?

Karlovy Vary is located near many tourist spots and therefore more likely to attract tenants. Due to its popularity as a spa resort, holiday homes, accommodation, and rental property for tourists are the leading real estate segments. Property prices are also relatively low.

What are residential property prices like in Karlovy Vary?

An apartment with 40-50m² of floor space in Karlovy Vary costs at least €120,000. Apartment prices range from €900-1,300/m². Detached houses in Karlovy Vary cost from €1,250-1,600/m². Prices depend on the condition of the property, location, size and among other things.

How much does location affect real estate prices in Karlovy Vary?

Property prices on the outskirts of town are lower compared to the historic centre. More spacious apartments located closer to landmarks and spas are usually available from €120,000. Spacious houses in central Karlovy Vary are just as expensive as in Prague.

Commercial Property for Sale in Karlovy Vary

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Price

Yield

Abs. return

Area

Year of construction

Mixed-use building in the resort center of Karlovy Vary, Czech Republic

606,000 €

Yield

—

Abs. return

—

Area

420 m²

Year of construction

—

Spa hotel in Karlovy Vary, Czech Republic

Price on request

Yield

—

Abs. return

8,368,000 €

Area

7,146 m²

Year of construction

1900

Hotel in the spa area of Karlovy Vary, Czech Republic

Price on request

Yield

—

Abs. return

6,796,000 €

Area

30,526 m²

Year of construction

—

Apartment building with commercial space in the center of Karlovy Vary, Czech Republic

4,000,000 €

Yield

—

Abs. return

—

Area

660 m²

Year of construction

—

Restaurant in Karlovy Vary, Czech Republic

Price on request

Yield

—

Abs. return

—

Area

170 m²

Year of construction

—

Similar facilities nearby

Price

Yield

Abs. return

Area

Year of construction

Hotel in Prague, Czech Republic

12,000,000 €

Yield

—

Abs. return

—

Area

—

Year of construction

2011

Retail Park, Prague, Czech Republic

11,265,000 €

Yield

—

Abs. return

—

Area

3,500 m²

Year of construction

—

Hotel in Prague, Czech Republic

4,350,000 €

Yield

—

Abs. return

—

Area

2,300 m²

Year of construction

—

Office building in Prague 7, Prague, Czech Republic

7,300,000 €

Yield

—

Abs. return

—

Area

2,500 m²

Year of construction

—

Hotel for renovation in the center of Prague, Czech Republic

10,300,000 €

Yield

—

Abs. return

—

Area

1,800 m²

Year of construction

—

Apartment building for renovation, Prague, Czech Republic

3,000,000 €

Yield

3.5%

Abs. return

85,714 €

Area

1,189 m²

Year of construction

—

Hotel near the center of Prague, Czech Republic

4,480,000 €

Yield

6.0%

Abs. return

268,800 €

Area

1,691 m²

Year of construction

—

Apartments package – Prague 9, Prague, Czech Republic

1,077,000 €

Yield

4.0%

Abs. return

—

Area

450 m²

Year of construction

2018

Hotel in Prague, Czech Republic

38,000,000 €

Yield

5.0%

Abs. return

—

Area

6,500 m²

Year of construction

—

Apartment building, Prague, Czech Republic

2,112,000 €

Yield

3.0%

Abs. return

58,000 €

Area

640 m²

Year of construction

—

Office building in Prague 6, Prague, Czech Republic

16,275,000 €

Yield

5.5%

Abs. return

895,000 €

Area

14,500 m²

Year of construction

—

Apartment building, Prague, Czech Republic

2,189,000 €

Yield

4.5%

Abs. return

98,496 €

Area

899 m²

Year of construction

—

Office building in the center of Prague, Czech Republic

5,300,000 €

Yield

3.0%

Abs. return

158,000 €

Area

900 m²

Year of construction

—

Office building, Brno, Czech Republic

9,853,000 €

Yield

5.9%

Abs. return

576,972 €

Area

4,165 m²

Year of construction

2009

New retail park, Moravia, Czech Republic

Price on request

Yield

—

Abs. return

190,642 €

Area

1,569 m²

Year of construction

2017

Office building after complete reconstruction, Prague, Czech Republic

15,254,000 €

Yield

6.1%

Abs. return

928,509 €

Area

6,678 m²

Year of construction

1970

Two new retail parks near Prague, Czech Republic

9,590,000 €

Yield

6.0%

Abs. return

584,000 €

Area

5,033 m²

Year of construction

2017

Class A office building in Prague, Czech Republic

11,646,000 €

Yield

6.2%

Abs. return

718,611 €

Area

3,543 m²

Year of construction

2012

New residential complex in Prague, Czech Republic

1,164,000 €

Yield

5.4%

Abs. return

62,867 €

Area

438 m²

Year of construction

2019

Industrial complex, Jihlava, Czech Republic

1,955,000 €

Yield

7.0%

Abs. return

138,185 €

Area

10,135 m²

Year of construction

1950

New mixed-use building with office spaces, Prague, Czech Republic

4,420,000 €

Yield

—

Abs. return

—

Area

3,900 m²

Year of construction

2016

Office building, Prague, Czech Republic

Price on request

Yield

—

Abs. return

38,305 €

Area

1,472 m²

Year of construction

—

Multifunctional center, Prague, Czech Republic

2,148,000 €

Yield

4.7%

Abs. return

100,263 €

Area

1,212 m²

Year of construction

—

Office building after reconstruction, Prague, Czech Republic

976,000 €

Yield

6.0%

Abs. return

58,560 €

Area

370 m²

Year of construction

—

Two apartment buildings, Prague, Czech Republic

3,251,000 €

Yield

2.0%

Abs. return

64,391 €

Area

1,883 m²

Year of construction

—

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Commercial property for sale in Karlovy Vary

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