With the growth of well-being, people often begin to think about profitable investment investments. Traditionally leads the real estate market in this area. Every year, Russian citizens are investing in the purchase of apartments and houses abroad their funds in order to earn money or gaining advantage for changing citizenship. Increasingly, they begin to be interested in how to buy an apartment in Prague, which is Mecca for pilgrimage tourists from all over the world.
1
In the Czech Republic, the Commission of the Realtor Agency pays the seller. It is approximately 3% and included in the cost of housing. You should immediately find the real estate agency with a good reputation and entrust them to carry out a deal, since you do not carry any expenses, and if you buy an apartment without an intermediary, the seller will just leave 3%.
2
To begin with, a non-resident need to choose an object and make a mortgage amount of 10% of its value. The reservation agreement is further executed, in which the conditions of the future transaction are prescribed.
3
The next step is to sign the contract of sale and transfer of money to the storage of a notary. To complete the procedure and transfer the tools to the seller, you need to register an agreement in the real estate cadastre. Typically, the procedure is from one to six months.
4
By purchasing real estate in Prague, the buyer does not pay any taxes if it is the object of the secondary market. The primary market will have to pay VAT 10% of the amount of the transaction for apartments to 120 sq.m and 20% for apartments more than 120 sq.m. Additional costs of the buyer include the payment of notary services (about 1% of the price of the apartment) and the registration fee (0.02%).
5
Annual real estate tax depends on the area and location of the object. Approximate rates from 1 to 50 kroons per square meter.
6
You can buy a 2-room apartment in Prague in good condition on average at a price of 75,000 euros. Analysts predict that despite the collapse of the price collapse in the crisis, now the cost of real estate in the Czech Republic will only grow.
If you plan to rent housing for rent, then the amount of the tax will be 15% of the profit for an individual and 19% for the legal. If you plan to buy an apartment in Prague for personal accommodation, it is worth aware that the Czechs are not very fond of visitors from the CIS countries and to deeper the features of this country.
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