Letting Czech property a busy task in September 2008 especially to foreigners

We have had an incredibly busy month renting out property for clients in the Czech Republic.

September is traditionally a busy rental month when people come back from their summer holidays and students are hunting for accommodation - and September 2008 has proved no exception.

Demand for renting property in Prague and the Czech Republic still remains healthy.

I have even managed to increase rents recently on some of my properties which are in better locations - perhaps a sign that prices in the Czech rental market will see some more growth in the future (especially given inflation and wages are rising around 7-8% per annum).

Overall, I still think the rental market will be fairly static for another year and in areas which are suffering from oversupply prices will soften. That said the Czech rental market is still in good condition.

At Property Investment International we have rental/lease contracts in both Czech and English to cater for the range of nationalities in Prague.

Recently, we seem to have been using around 80% of our rental contracts in English.

As well as tenants from England and the United States our recent range of nationalities have included Norwegian, Swedish, Finnish, Turkish, Saudia Arabian, Korean, Russian, Slovak, Greek and Spanish to name but a few.

Which just goes to show how the Czech Republic (and Prague in particular) still seems to draw a huge range of people, from students and tourists to international business men.

All of which can only have a positive affect on the Czech property market and the Czech economy.

Next month Property Investment International will also be launching a new redesigned website for our local real estate agency brand, which will further help us facilitate lettings and resales in the Czech Republic and keep our hardworking team even busier :).

www.propertyinvestmentinternational.com