With COVID-19 reshaping the world, Caliber NYC has decided to enter a new market of Central Europe. The Czech Republic has always been a popular destination for visitors and especially for investors. Although COVID-19 impacted the worldwide economy, Czech Republic confidently kept its ranking as one of the strongest players in Europe to invest in.
Always looking for new investment opportunities, we are now expanding to the capital of he Czech Republic, Prague and growing university cities of Plzen and Olomouc with an influx of foreign students coming from all over the world.
Invest with Us - We Deliver the Rest
Profit up to 7%
Why the Czech Republic?
The stability and rapid development of the real estate market make it one of the most attractive investments in Europe. Real estate prices keep rising across the country.
Czech Republic: Investment Market Trend Forecast
Several factors have contributed to rising prices and the number of transactions made:
- Low-interest mortgage rates
- Lowest employment rate in the world
- Economic stability
- Cancellation of property acquisition tax (4%)
- Insufficient supply
- Significantly low crime rates
The capital of The Czech Republic, Prague, is in the center of investment attention - a positive growth trend, an investor-friendly government, low tax rates and attractive incentives. All these factors make Prague a highly strategic city which has lots in store for investors in the Czech Republic but in the entire Europe. In past years, many US companies have established a strong presence on the market in Prague (Amazon, DHL, and many more).
The Czech Republic is home to one of the highest concentrations of automotive-related manufacturing in the world, making it a strategic investment decision. Western countries' interest in the Czech Republic's industrial development is only rising and surely needs the provided housing for workers outside Prague.
There was a rise of 6% of new developments in the first half of the year. The first 2020 quarter brought the real estate market in Prague and surrounding cities approximately 13% of the rise. This rise was followed by a 6.1% price increase in new buildings by the first half of this year. 4,342 flats were sold in June and 5,011 in July, with an all-time record rise of 6% of the price per square meter. That is exactly why even during this year's financial crisis developers sold 2,400 flats, meaning only 100 less than last year in the first half of the year.
As we clearly see, the pandemic hasn't had any negative impact on housing prices across the country. Investment in the Czech real estate market remains the safest. Are you interested in learning more and consulting with one of our investment experts?