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A Guide to Buying a Property in the Czech Republic
REAL ESTATE BUYER’S GUIDE:
Successfully Shopping for Real Estate in the Czech Republic
Overview
Since gaining its independent, the Czech Republic has experienced a boom in the number of foreign investors who have become active in the real estate market in that country. More and more foreign nationals -- primarily from the EU but also from many other nations around the world -- are becoming involved in the real estate market in the Czech Republic.
Literally thousands of foreign nationals have invested in commercial real estate in the Czech Republic. The government of the Czech Republic has worked to liberalize and streamline the laws in the Czech Republic that deal with foreign ownership of real estate. While there remain some hurdles to foreign ownership of real estate in the Czech Republic, particularly for foreign nationals from non-EU countries, these hurdles hardly are insurmountable today. In addition, there are proposals in the works that will remove many of the barriers and hurdles to foreign ownership of real estate in the Czech Republic within the coming decade. But, again and with that said, any of the hurdles that remain in place today are far from insurmountable.