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Old town square

How can foreigners buy Czech real estate?

Since the 1st of May 2009 can all foreigners buy real estate in Czech Republic in their own name. They do not need to form Czech company to acquire real estate. This includes non EU citizens. There continues to be an exception from this right. Agricultural land and forests still cannot be purchased by foreigners. Czechia has an exception from the EU rules concerning agriculture and forests.

A R T I C L E S

Czech real estate

The most prestigious villa quarters in Prague

Mortgage financing of the real estate in Czech republic

Vinohrady - one of the best places in Prague to own an apartment


Czech residential and commercial property

This site offers information on residential and commercial property in the Czech Republic. You can read articles on the situation and business climate in Czechia in general and about the developments that concern the real estate market in particular. The articles deal with the topic from the point of view of foreign nationals that have an interest to invest in the Czech real estate or to acquire residential property for their own use. We explore various regions of the Czech republic, their character from the point of view of prestige, pricing, architecture, turism etc.



Prague bridge in winter
Prague in summer

Property related taxes

Transfer Tax: Whenever a property is sold a transfer tax of 3% has to be paid by the seller. Income tax: A property owned by a company and generating an income is subject to an income tax of 21% of profit. An individual is subject to a 15% income tax based on the amount of income earned in the Czech Republic. VAT on sales: Newly constructed residential sales are subject to VAT at the level of 9% of the purchase price. Newly constructed commercial real estate sales are subject to VAT at 19% of the purchase price. VAT: Commercial tenants are charged 19% VAT on the rent and fixtures. Taxation is subject to changes, please ask about your concrete case.

 

Contact :   e-mail :  hronek@kensington.cz ,    telephone : +420 724 981 800 ;   +420 244 402 152 ;