What do I need to know when buying property in Prague?
When we asked expats what advice they would give a foreigner before buying a property in Prague, they said...
"1. It is important to research the area you are interested in buying property in, to ensure it is the right fit for you. 2. Make sure to hire a local lawyer to help you with the legal aspects of the purchase. 3. Be aware of the taxes and fees associated with buying property in Prague, such as the transfer tax and registration fee. 4. Consider the cost of living in Prague, as it is higher than in other parts of the Czech Republic. 5. Make sure to get a survey of the property you are interested in, to ensure it is in good condition. 6. Be aware of the different types of property available in Prague, such as apartments, houses, and commercial buildings. 7. Consider the rental potential of the property you are interested in, as this can be a great way to generate income. 8. Be aware of the different types of mortgages available in Prague, and make sure to shop around for the best deal. 9. Make sure to get a good understanding of the local real estate market, to ensure you are getting a fair price for the property," remarked another expat who made the move to Prague, Czechia.
Other Questions:
- What should I pack when moving to Prague?
- Where should I setup a bank account in Prague?
- Will I be able to find a job in Prague?
- What is life like in Prague?
- What do expats in Prague appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Prague?
- Is there a lot of diversity? Are people in Prague accepting of differences?
- What are the schools in Prague like?
- What are healthcare services like in Prague?
- What are medical services in Prague like?
- Are healthcare and health insurance expensive in Prague?
- What are emergency services like in Prague?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Prague?
- How are local medical facilities in Prague?
- As a foreigner living in Prague, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know when buying property in Prague?
If you live in Prague, newcomers to Prague would love to hear your answer to this question: