Property buying guide for Czech Republic
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Property maintenance costs in the Czech Republic

It costs about €15–20/sq. m per year to maintain a city apartment in the Czech Republic while a detached house may incur costs reaching €25/sq. m.

Taxes

The Czech property tax (daň z nemovitostí) is due every 31 May based on the tax declaration submitted by 31 January of the same year. Property tax costs about €25–50 per year and is assessed in the following manner: the tax rate is multiplied by the municipal tax rate (1–4.5%) and the local tax rate (1–4.5%).

Arableland, gardens,
vineyards
0.75%
Pastures 0.25%
Forested areas 0.25%
Development sites €0.072/sq. m
Other land €0.0072/sq. m
Residential house (permanent) €0.072/sq. m
Second residence (house) €0.216/sq. m
Additional premises (excl. house) €0.072/sq. m
Garage €0.288/sq. m
Apartment €0.072/sq. m

Estate and gift tax rates vary from 1% to 40% depending on the relationship between the donor and donee.

Utility bills

Maintenance costs in the Czech Republic cover utilities and housing maintenance fees including maintenance of the ground and repairs. This is about €100–200 per month depending on the number of residents in the home, property type and surface area.

Late payments of electricity or gas bills lead to the cancellation of the service. Other payments are not so strictly scrutinized. For instance, water payments can be delayed unless it is a private house, in which case, the water supply will be cancelled.

Repairs

Repairs in the Czech Republic are cheaper than in Western Europe: both materials and work hours cost less here. For instance, a house in a small Czech village may cost €20,000 to buy and another €10,000 to renovate to a high standard.

A 90 sq. m apartment will cost about €3,600 to renovate including materials and labour.

Apartment 15–20
House 20–25
Prime property 40–60
Property buying guide for Czech Republic
Article 5 of 6
Tranio’s managers offer advice on buying real estate in the Czech Republic
Inna Klimaeva
Inna Klimaeva
Real Estate Expert Tranio in the Czech Republic
+44 17 4822 0039
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