Czech Republic Rental Market
|
Our property services in the Czech Republic
From our head office in Prague we deliver a full range of property services, from rentals and property management to resales. Our property services cover the main cities in the Czech Republic such as Prague, Brno and Ostrava. Contact us to find out more about our Czech property services. |
Traditionally the Czech Republic has had one of the strongest rental markets in Central and Eastern Europe.
Over the last two years there has been a clamour to buy property and thus the rental market has stagnated.
We predict that this rental market stagnation will continue for another year, before increasing again.
In 2005/2006 rental yields of 8-10% were possible.
Nowadays a rental yields are more of the order 4-6%, typically around 5% depending on the project.
This is still relatively healthy compared with some other European locations, though would still leave the investor with a small monthly shortfall, however, this is more than offset by the strong capital growth the Czech Republic is currently experiencing.
Prague's rental market is quite well developed and rental prices range from around 200 - 500 CZK/sqm/mth.
Brno has always had a strong rental market, mainly due to many jobs being created by companies moving to the city and a lack of supply of property and a steady supply of students.
We have, via our very own Czech real estate agency, a full rental program in the Czech Republic that gets your property let fast. Contact us to find our how we can let your Czech property.