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Development land for sale in Prague

9 listings Subscribe to notifications
116,000 €
Land area: 1,010 m²

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Anna Boyarchukova
Anna Boyarchukova,
Head of Residential Real Estate
2,879,000 €
Land area: 12,423 m²
825,000 €
Land area: 6,172 m²

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      FAQ about Prague

      How high are mortgage rates in the Czech Republic?
      Mortgage rates range between 2.49-2.79% per annum. Investors can take out loans to buy commissioned real estate or property under construction, and can also refinance existing mortgages in the country. Unfortunately, lending terms for non-EU citizens have become tougher. We recommend that non-residents rely solely on their own funds.
      Is it beneficial for foreigners to get a mortgage in Prague?
      Yes it is. In, the capital and the entire Czech Republic mortgage lending terms are the most beneficial for foreign nationals. Property is more affordable compared to neighbouring Austria and Germany, however, unfortunately lending terms still currently only beneficial for locals. Lending terms for non-EU citizens have become tougher. We recommend that non-residents rely solely on their own funds.
      Can foreigners get a permanent residence visa in the Czech Republic by buying real estate?
      Buying a residential property in the Czech Republic entitles the owner to a multi-entry Schengen Visa, which allows a non-resident to stay in the country for 90 days every six months (180 days per year). A third visa extension can be applied for in five years, but the period of stay remains the same.
      How long does it take to buy real estate in Prague?
      Buying and registering real estate in Prague usually takes up to three months.
      Can foreign nationals lease residential real estate in Prague? What are the average investment yields?
      Yes they can. The average yield rate for apartments in central Prague is about 4%. Tranio offers Czech residential real estate investments with net yields of 5% per annum (after utility payments).
      What type of apartments in Prague are better to invest in for rental purposes?
      The most profitable are apartments or studios with 25-35 m² of floor space. Their yields usually reach 5-6% per annum. Generally, the larger the apartment, the lower the yield: for a two-bedroom apartment expect about 4% and for a three-bedroom place, just 3%. Small flats can be used for short-term tourist leases.
      Where is the best place to buy an apartment in Prague?
      It is better to buy Prague real estate near metro stations and public transport. The most attractive residential districts are Prague 5, Prague 9, and Prague 10. Popular locations are Vinohrady, Vyšehrad, Holešovice, and Žižkov. The Dejvice and Suchdol neighbourhoods of Prague 6 are promising in terms of lease potential.
      Is buying real estate in Prague a good investment?
      Residential real estate investments are profitable because of the country’s favourable economic indicators, stable rental demand, low prices per square meter in comparison to other European countries, and the possibility of selling the residential property at a profit.
      What are property prices like in Prague?
      On average, Apartments in Prague cost €1,500-3,700/m². In other regions, apartment prices range from €850-2,000/m². Detached houses in Prague cost from €1,250-1,600/m².

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      Anna Boyarchukova
      Real Estate Expert Tranio in Prague
      +44 17 4822 0039
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