The Czech Republic is located in Central Europe and includes the historical areas of Bohemia, Moravia and Czech Silesia. The Czech state was founded in the early tenth century, but five centuries earlier its territory had been inhabited by the Slavic tribes. By 1993, the Czech Republic and Slovakia were united in a common state named Czechoslovakia.
Karlovy Vary or Carlsbad is one of the most sought-after properties in the Czech Republic. The resort is interesting and attractive for the investors due to the great number of tourists who visit it. The property prices rank second after those of the capital Prague. Although the value is well above the national average, it is still at a lower level than other thermal resorts. The property purchase in the Czech Republic is a good financial move.
Property investing in the Czech Republic is advantageous not only because of the beautiful places frequented by many tourists. The capital Prague is one of Europe's most beautiful cities. No less important, however, is the sound economic condition of the country and its good tax policy. In the Czech Republic properties are sought not only in Prague, but also in other major cities, such as Ostrava, Plzen, Brno, Hradec Charles, Mladá Boleslav.
The property market in the Czech Republic is open to foreigners. The leadership of foreign investing in the country is held by the Russian citizens. One fifth of all property transactions were concluded with the Russians, despite visa problems. Some of them come only seasonally, while others settled permanently in the country. In fact, the attractive and luxury properties are offered at quite affordable prices and can be bought by people with average income.
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