Overview of Czech Rep

On this page you will find links to details of Czech Rep holiday homes for sale and Czech Rep rental accommodation. Considered by many to be the centre of Europe, the Czech republic is becoming a popular place to buy a Czech second or holiday home. Since gaining its independence, the Czech republic has joined the EU and this has helped reassure overseas investors whom have long been attracted to the delights of this country. The Czech economy is growing at a higher rate than the EU average. It is a desirable place for investments and business activities and this is helping fuel a property boom. Tourism is strong, particularly in the months of May to September, although many holiday makers ferried in by the budget airlines, never seem to make it past the capital city Prague. Provincial towns have a lot to offer the overseas investor ( for one thing they are a good deal cheaper) and a visit will often leave you sufficiently impressed to want to purchase your own holiday home property. Buildings are well preserved and often historical and monuments are maintained with pride. Some of these towns were declared urban monument reservations or even are included on the UNESCO List of World Cultural Heritage sites. In today's Czech Republic, a citizen from one or another of the nations that comprise the EU no longer needs to establish a limited liability company (formally known as an SRO) to take possession and title of a property and making a purchase is reasonably straight forward. Many people still however opt to purchase a property through a limited company as there are often useful tax advantages and an accountant should be able to explain this to you. Obtaining a solicitor early in the sales process is important as they will be able to guide you through the exact legal requirements, at this stage you can broach the subject with them of holiday home letting and they should be able alert you to any permits required or legislation that has to be complied. with. Once you have located the property you require, an offer is put forward to the vendor, if accepted, it is usual to pay a 10% deposit and this is usually placed in an Escrow account until the purchase is finalised. Your solicitor will now carry out the necessary searches to ascertain title etc and if everything is acceptable, both parties proceed to sign the sale documentation. At this point, the documentation must be forwarded to the Land Registry for registration purposes but alas, this can take several months. The outstanding monies for the sale must now be added to the escrow account and this will only be transferred to the vendor once the paperwork is complete.