RSS Feed
Prague Investment Property
This article deals with the practical aspects of buying Prague Investment Property and the approach Silverhouse Property take to locating and researching deals.
Silverhouse Property monitor key property markets to assess the benefits of investment in them at any particular time. Prague investment property is currently seen as being very attractive for the following reasons:
- The city has a strong and well established rental market offering good yields
- Attractive finance is readily available. This gives an indication of the belief of local banks and other financial institutions in the prospects for Prague investment property.
- There is currently the opportunity for excellent capital growth as the property market in the city is just entering a 2nd phase of substantial growth.
In addition to the above Prague is a very stable market. The city is multifaceted in terms of it’s attractions as a location – it attracts people, business and wealth not only through it’s cultural offerings but also through it’s credentials as a business location which in turn leads to the on-going strength of the real estate market and the excellent returns that investors can see from Prague investment property. We’d refer to Prague as a ‘blue chip’ investment location, very low risk, good returns and good general investment climate.
On identifying Prague as a current prime investment area Silverhouse Property then take a more detailed look…clearly this needs to be done in order to try to maximise returns from any investment. Why we need to do this is amply demonstrated by Bucharest where last year it was estimated that that developments saw price increases across a very wide range, from 6% up to 65%...so you really wanted to be buying on the right type of property, on the right project and in the right location!
Silverhouse Property have great connections and use these to our clients maximum advantage by identifying the right deals.
In addition to locating the right deals Silverhouse are also able to refer clients to brokers for finance for Prague property which is available on excellent terms and at up to 85% Loan to Value.
Banks will advertise 90% + Loan To Value as being available on Prague investment property however in reality Czech surveyors are a cautious bunch and tend to undervalue properties (that are assessed at their market values near completion) by about 10% resulting in a real LTV of 85%.
Once a purchase has been completed a last advantage of Prague is that not only has it a strong rental market but, as a result of that, it has a large number of English speaking rental management companies. Clients can use their own rental management company or rent through Silverhouse Property’s rental partners.
To take the next step to securing your own Prague investment property calls Silverhouse Property today or send in an enquiry.
