Real estate agencies regularly publish optimistic forecasts near revival and recovery, the experts also allow the continued decline in prices.

Can and time to invest in real estate in the Czech Republic? Simple answer, of course, does not happen, but there are several factors that should be taken into account in any decision.

Though the Czech Republic is not suitable for "fast" speculation, usual for Russia, UAE and Bulgaria's pre-crisis period, the current situation may allow the investor to the Czech real estate rely on profitable investments for a period of 1,5-2 years with a return rate of 10-15% per annum .

Experts offer simple advice for the calculation - if the price of a house or flat in the Czech Republic lower than the summer of 2008 no less than 35%, then buying is - a high probability of return prices to pre-crisis level within 2-3 years.

The extent of return depends on the type and location of real estate.

1. The center of Prague. Always a win-win, not allowing, however, expect a chur high yield. Buying a property in the city center (most likely it will be flat) - this is to some extent, investments in antiques.

The center of Prague, being under the auspices of the Office for the Protection of Monuments, is unlikely to ever lose its appeal and uniqueness. Real estate in the heart of high quality, in good condition, architecture and decoration of houses apartments often have unique historical flavor.

The only problem in the center, if you do not take into account the high cost per square meter (about 4,000 euros) - the absence of classical protected parks and parking under the house. However, keep the car on the street in the Czech Republic is not considered negligence, in addition to local residents are allocated seats in the so-called "Blue Zone" - specially designated area for parking of residents.

2. New: not the best choice. Time promotions and discounts and unhealthy place, because of the crisis sharply reduced the volume of new construction, so that prices for new buildings in the Czech Republic almost came under the pre-crisis level.

March. Regional real estate - because of both low prices and a strong reduction in price crisis has not brought the purchase in the region requires significant time (usually on the search and selection), which makes this type of real estate less attractive.

Because of the crisis in the Czech Republic has increased sharply the difference between the declared value of real estate and the prices of actual transactions, which means that trade and to obtain sensitive discounts, pre-crisis times such a phenomenon was not considered a characteristic (discounts had the character of a goodwill gesture, the price is only slightly rounded in favor of the buyer). There have been cases change the original price by 20-30%, use the help of professionals.

If time allows you to pay a little more attention to the Czech real estate, for example, is often cheaper to buy a house in need of repair and spend some money for its restoration, it will be much more profitable to buy a new one. Proposal needs to be repaired homes have always been more than enough in a crisis is to sell a property - a great success.

As for flats - is on the market, for example, the Prague real estate have any suggestions about buying a small + kk, 25 sq.m. Approximately EUR 50 000 under repair (if such a repair area will not be superimposed, and an environment).

After repairing a flat you can rent, demand for affordable housing is always available when the crisis is the owner receives a stable source of revenue, or highly real estate sale which could bring a good profit.