Czech Republic Luxury Real Estate - Homes for Sale (2024)

FAQs

Can a foreigner buy a house in the Czech Republic? ›

There are no restrictions in the real estate sector when it comes to property purchases. Foreigners are welcome to buy any property they want in the Czech Republic as long as they aren't state-owned. One must apply for a residence permit if he/she intends to move to Czeck Republic after the property purchase.

The country's average housing price is EUR 3,753 per square meter. The average cost of a new apartment in Prague is CZK 8.7 million, compared to CZK 9.4 million last year (August 2022).

The Czech Republic's most expensive property is on the market. A villa in an exclusive part of Prague's Bubeneč district, filled with embassies and official residences, has luxuries not seen elsewhere in the country — and a price tag of 500,000,000 CZK.

Limited housing supply in major cities compared to high demand. Czechs do not trust other investment avenues due to scandals and fraud schemes that happened in the 90s, so they funnel their monies into real estate, further increasing demand and prices in the housing market.

Upon arriving in the Czech Republic, you must register with the police and apply for a temporary residence permit at the nearest MOI office. After holding a temporary residence for five years, you can apply for a permanent residence permit.

Expatistan's cost of living calculator estimates that the Czech Republic is 42% cheaper to live in than the United States, 45% cheaper than the United Kingdom, 30% cheaper than Austria and 56% cheaper than Hong Kong.

Summary of cost of living in Prague, Czech Republic: A family of four estimated monthly costs are 2,973.1$ (67,543.8Kč) without rent. A single person estimated monthly costs are 889.9$ (20,217.7Kč) without rent.

It is a safe country.

The crime rate in the country is very low. Czech Republic is in the list of 15 most peaceful countries in the world. In terms of ecology and cleanliness, the country ranks 6th in the world. It has excellent water and food quality and a healthy environment, so its health indicators are always good.

The EU's richest regions

Prague topped Bratislava in this year's rankings, while in the past the city came in behind the Slovak capital. The World Bank ranked the Czech Republic 34th in the world in GDP per capita in 2017, at an estimated $36,916 (about 840,000 crowns).

What is the name of the richest city in Czech Republic? ›

Prague is wealthiest city of Czechia.

Prague tops ranking for highest cost of living in the CEE region - Prague, Czech Republic.

Personal property of CZK 10 million and above signifies wealth for almost 60 percent of Czechs. But in the other countries surveyed, an amount ten times higher is required in order for a person to be considered rich: CZK 100 million (or around €4 million).

Firstly, you do not need to be a citizen of the Czech Republic to purchase property there. This means as an American, you can buy real estate, including land and buildings. However, the process might be more straightforward for EU citizens compared to non-EU citizens, but it's still feasible.

The Czech Republic has a well-educated population and a densely developed infrastructure. Czech National Bank headquarters in Prague Heavy industry such as steelmaking is a traditional part of the Czech economy. Transportation equipment, machinery manufacturing and engineering are essential for the Czech economy.

Long-term visa is issued as a Czech national visa with Schengen visa properties, i.e. while allowing to stay on the Territory of the Czech Republic up to 1 year, the Long-term Visa grants a possibility of the stay in the Schengen area for a maximum of 90 days within a half-year.

You can apply for a permanent residence permit after 5 years of residence in the Czech Republic if on the day of application you meet the requirement of at least 5-year continuous residence in the Czech Republic. Find out how continuous residence is counted.

You can not get a Czech passport by investment. The rules for obtaining citizenship are enshrined in the citizenship law of the Czech Republic. Citizenship by naturalization is obtained by foreigners who: Have lived for 10 years in the Czech Republic on the basis of a residence permit and permanent residence.