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Buying Property in the Czech Republic as a Foreigner

Buying Property in the Czech Republic as a Foreigner

Buying property in the Czech Republic as a foreigner offers an enticing opportunity for foreigners, drawn by its historical allure, breathtaking landscapes, and cultural richness. Whether you’re looking to settle down, find a second home, or invest in a flat or a house, navigating the Czech real estate market comes with its unique set of challenges and rewards. This comprehensive guide aims to walk you through the essentials: from legal requirements to financing your purchase, ensuring a smooth transition into your new Czech home.

Understanding the Czech Real Estate Market

The Czech real estate market is  characterised by its robustness and resilience. In recent years, the country has seen a surge in interest from foreign investors, drawn to its stable economy and vibrant cities. Prague, the capital, is particularly popular, offering a mix of modern amenities and historical charm. Other areas like Brno and Český Krumlov are also attracting attention for their cultural richness and scenic beauty.

Legal Requirements for Foreign Buyers

When buying property in the Czech Republic, navigating the legal landscape is crucial for foreigners. While the Czech Republic is relatively open, certain restrictions apply, depending on your residency status. Unlike non-EU residents, EU citizens enjoy almost the same rights as Czech nationals. However non-EU residents are not limited to purchasing real estate in the Czech Republic . However,  it’s essential to familiarise yourself with all nuances to avoid any possible hurdles.

The Buying Process

Finding and purchasing the right property involves several steps. From identifying your ideal location to understanding the financial implications, each stage requires careful consideration. The legal process, in particular, is intricate, involving various documents and contracts. Engaging a local real estate agent or even better, full service agencies , such as urbanaddressprague.com, that are able to support you. Finding the right property, manage all the elements around the property title transfer, legal documentation, mortgages, and even refurbishment, it is all invaluable. Dealing with one person, who understand all the steps, takes all the stress away from you, while ensuring all legalities are correctly handled.

Financing Your Purchase

For many foreigners, securing financing is a critical step. Czech banks offer mortgage options for foreigners, but requirements can be stringent. The banks will require a connection to the Czech Republic. Whether it is a residence permit, or job or having a Czech spouse. Opening a local bank account is always necessary, facilitating transactions and, potentially, mortgage payments. Understanding the different financial aspects, from down payments to interest rates, is key to making an informed decision.

Taxes and Additional Costs

Beyond the purchase price, buyers should account for additional costs, including property taxes (which are very low compared to other European countries), legal fees, and agency commissions. These can add a significant amount to your overall expenditure, so it’s important to budget accordingly. Knowledge of the tax system and available deductions can also help in long-term financial planning.

Living in the Czech Republic

Moving to the Czech Republic is not just about buying property; it’s about embracing a new lifestyle. The country offers a rich tapestry of experiences, from its culinary delights to its vibrant cultural scene. Expats will find a welcoming community, with numerous resources and networks to help ease the transition.


Purchasing property in the Czech Republic as a foreigner is an exciting venture that requires thorough preparation and understanding of the local market and legal framework. By following this guide, you’ll be well on your way to securing your dream home in this beautiful country, blending its historical heritage with modern living. Make sure you work with a professional that can support you throughout the complete process. At Urban Address Prague we specialise in helping foreigners find their dream home.


  1. Can non-EU citizens buy property in the Czech Republic? Yes, any national can buy a property in the Czech republic.
  2. What are the average property prices in Prague? Prices vary widely depending on the location and property type. Expect a premium for the capital’s desirable areas.
  3. Do I need a Czech bank account to buy property? No. You only need a Czech bank account if you want to apply for a mortgage. To apply for a mortgage, you need to have either a work permit or job in the Czech Republic, or a Czech spouse.
  4. Are there any tax benefits for foreign property owners in the Czech Republic? Foreign property owners are subject to the same tax regulations as Czech citizens.
  5. How can I find reliable real estate agents and legal advisors? Research and recommendations are key. Look for professionals with experience assisting foreign buyers and check reviews or testimonials. Contact us today at [email protected] and let’s find your perfect home in Prague!

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