Articles
News and insights from the Czech mortgage market
The Realities of Owning an Airbnb Property in Prague: An Insider’s Perspective
As a popular tourist destination, Prague has experienced a high demand for short-term rental accommodation options like Airbnb. Some people believe that owning a property for this purpose can be profitable, but it’s crucial to understand the business before diving in....
Buying a Property to Rent it Out: Is it a Good Investment in the Current Market?
As I’ve written before, we’re entering a sweet spot in the property market where, finally, buyers have more power than I’ve seen in the 10 years I’ve done this job. It’s true mortgage rates are higher than they have been in a long time, but properties are sitting on...
Property Prices Decrease Around Most of Prague Metro Stops
As someone who has been keeping an eye on the real estate market in the Czech Republic, I wasn’t as surprised as some to see a significant drop in apartment prices last year. This trend was particularly noticeable in older buildings, while the number of...
The Pros and Cons of Buying Property as an Expat
As an expat, whether you’re planning to stay in the Czech Republic long-term or not, investing in property can be a good idea if you have the funds for it. In general, property is a relatively safe investment that will appreciate over time and can provide a steady...
Beyond Prague: Discovering the Best Cities for Commuting and Living as an Expat in the Czech Republic
Are you tired of the Prague city lifestyle and ready for a change? Or perhaps you did your math and figured out that it will be much more efficient to live outside and commute to Prague, instead of paying the high property prices in the capital. Well, pack your bags...
Czech Real Estate Market Becoming a Buyer’s Market
The real estate market in the Czech Republic has seen a significant shift in the past year, with an increase in the number of properties available, and a downturn in both the number of properties sold and the volume of mortgages being taken out. This change has...
Development Halted on More Than 700 Flats
The cooling of the real estate market is already visible and developers are suffering from the lowest number of inquiries in a decade. In a market like this, it is not uncommon that developers simply stop construction in order to save money, rather than building...
Taking Your Money and Running: the Horrifying True Story of an Expat Who Almost Lost Big Time
What is the worst that can happen when you purchase a property? You receive it in a worse state than you viewed it? Or the tenants don’t want to leave? Perhaps it’s incredibly loud neighbors? This is nothing compared to what (could have) happened to one of our clients...
Mortgage Rates Have Stopped Increasing, But for How Long?
The mortgage market is down more than 80% (in volume) compared to last year and clients are experiencing the highest rates in the last 20 years. If someone was waiting for recession, I believe now it is now safe to assume, winter is coming. At least in the real estate...
Mortgage refinancing will be more expensive
If you're thinking about refinancing your mortgage in the future with no costs, we have a bad news for you. The current law is allowing clients to refinance early, even outside of the fixation period for very limited or almost no costs - this is about to change. Who...