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.

Cheap Property for Sale in Karlovy Vary, Czech Republic

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Cheap property for sale in Karlovy Vary