One of the most interesting countries for overseas property investment is the Czech Republic. The small European country known to the Russians since the time of socialism, because, unlike in many Western European neighbors, the Czech Republic was always possible to somehow go - a guided tour, for treatment, to "exchange student" and so on. Perhaps this is why, after the Czech "velvet" revolutions of 1989 began intensive investment of Russian capital in the Czech and resort real estate projects. For example, a well-known and popular in Soviet times, Karlovy Vary. In the early 90s. the last century, it gradually started to be secured the title of "the Russian city." And rightly so - there are virtually no restaurants, shops, bars, medical facilities, where the Russians would experience difficulties in communication. In most of these sites work or are immigrants from the former Russian republics, or the Czechs themselves, who know the Russian language. It was then - almost 20 years ago - in Karlovy Vary, the Russians began to buy apartments, shops, hotels and restaurants. Before the crisis, to buy real estate in Carlsbad was not only prestigious, but also beneficial, because real estate prices in the Czech Republic grew at a good pace - not less than 10-15% per year. "Having passed acquired a villa or small hotel, it was possible to obtain an average rate of return on invested capital at the rate of 20-30% per annum", - says Natalia Zavalishin, General Director of "Miel Distant Property Management». She explains that these figures have been caused by many factors, but above all, the Czech EU entry in 2004, the accession to the Schengen Agreement in 2007, the narrowness of the market, and restrictions on the building under the strict supervision of the Czech government. Despite the fact that last year there was no significant increase of the same value, commercial real estate in this city can be regarded as a safe investment. The city will never lose popularity among tourists because "you can not buy health," and on a trip "on water" as it was 100 years ago, many are thinking. In recent years, the reputation of Carlsbad as a "Russian resort" was fixed for this city even more tightly and, despite the crisis, the number of tourists continues unabated. There is still great interest in investing in this region, because sooner or later, the crisis will pass, and gradually restored the growth rate. A decent, flexible and reliable alternatives to preserve and multiply the money, but real estate sector in the near future is foreseen. In order to acquire a sufficiently attractive facility with good prospects of profitability, you need to stock up on the amount of EUR 2 million or more. For example, a small hotel of 14 rooms in close proximity to the legendary Grand Hotel Pupp cost a potential buyer in the amount of 2.5 million euros. "Purchased in Carlsbad commercial real estate - hotels, restaurants and shops - can bring quite a serious income, clearly higher than investing in residential property", - said N. Zavalishina and clarifies, however, that there are certain nuances . For example, a store must meet certain criteria: be on the first line of the River Heat, be modern, well equipped. Then he really can bring significant income to the owner, the exact value will depend on many factors. We can only say with certainty that the income from the rental of such premises several times higher than that of renting tenants. But, according to experts' Miel DPM », and the apartment, located in the city center near the main Mill Colonnade, usually brings its owner a good profit, which, depending on the level of occupancy can be up to 5% per annum. Of course, the apartment must meet certain requirements - in addition to the location is important to have an elevator and parking, views, quality repair, modern facilities and interiors. The cost of such an object can be in the range of 200 thousand euros. As part of a more modest budget, for example, 50 thousand euros, you can buy ready to move in a one-room apartment of 42 sq.m., on the street Tselni, 5 minutes drive from the center of Karlovy Vary. But such a facility is more appropriate for their own accommodation, rather than as a source of income. Definitely, compared to Prague from landlords in Karlovy Vary has advantages come here for 2-3 weeks and sometimes for a month. In addition, all-season resort, so, unlike the beach resorts are almost always there are those who are on treatment. In addition to the actual holiday-makers, held in Karlovy Vary, Karlovy Vary International Film Festival in 2009, took place as early as 44 times and collected film fans from around the world. Investments in Prague also interesting enough for the Russians. Many large and small investors buy real estate in Prague not just for profit, but also planning for a new residence. In the future, the future, just in case. Relatively large investments of several million euros to purchase hotels, apartment houses. "Today's investors are interested in the possibility of deploying physical assets in a relatively calm and stable European country, though not a huge income, but consistently received", - said N. Zavalishin, - "That's why sometimes requests for the purchase of a hotel or apartment building comes from the calculation of the annual yield 5-6% per annum, taking into account the fact that the acquired facility will not require additional significant investments related to reconstruction is it will be good, established business. " According to experts, such assets and demand, and the liquid at the same time. With regard to housing, then in Prague have any suggestions on any "taste and budget." Luxury real estate in Prague presented penthouses, residences, penthouses in the central part of Prague, with an opening overlooking the historic part of town and monuments. The central areas of Prague, such as Old Town, Jewish Quarter, Hradcany and Vineyards offer apartments in the renovated houses of the early twentieth century, at a cost of at least 3500 - 9000 euros per square meter. For example, the cost of three bedroom apartments of 110 - 120 sq ft in such buildings varies from 500 to 900 thousand euros (this amount includes the cost of parking in the parking lot). Two-bedroom apartments located in an old house on Wenceslas Square, the cost the buyer about 600-700 thousand euros. Finish of this apartment can be made under the author's design project with the use of expensive materials (Italian tiles, wooden euro windows, parquet made of precious wood). This elite real estate, almost lost in the cost of the crisis. In the newer areas - Prague 5, 8, 9, 10 and others - many buildings business level, with underground parking, reception etc. Cost per square starts at 1,500 euros, and an apartment in this facility is available during the construction phase, which is usually 20-25% cheaper. In the case of the lease can be said about 3% yield, but if the property is acquired for that purpose, we have to approach the issue very carefully to find a tenant for a long time. In Prague comes a lot of tourists and apartment owners often enter into agreements with travel agencies that lodge in these objects of tourists. "It must be remembered that such options are renting are not profitable, because travel companies do not guarantee profitability, "- warns N. Zavalishin. Of course, if we consider all aspects of the investment strategy applied to the Czech Republic and Prague in particular, is to analyze many aspects, and there definitely is better to turn to the professionals and use their experience in order to make the most informed choice. In addition to the actual investment attractiveness, there are several aspects that seriously affect the interest in investment in the region. First of all, it is available in obtaining a mortgage, the rate at which amounts to 5-6% per annum, and the possibility of obtaining residence permit. In 2009 a law was passed allowing the Russians to buy real estate in the Czech Republic by a person. However, if you want to attract mortgage, open a legal person still have. One major advantage is to obtain a residence permit in the Czech Republic, which is also possible in case the jur. persons and conduct any type of business. As a business can be framed simply renting of available properties for rent. According to experts, "Miel DPM», Czech Republic, and today remains economically and politically stable country with relatively low investment risk is very developed banking infrastructure and proximity to Western European countries. The average yield on investments in the Czech Republic in general higher than in developed countries, and economic and political risks are significantly lower than in the various countries of the CIS. The updated 2009 results on ratings of Miel DPMR, Czech Republic enters the square of A II, thus showing that the investment potential of the country rated as one of the highest, and the riskiness of investments is moderate, the average estimate of probability of loss is between 10 and 20% of the amount invested . The real estate market in Europe is the state still takes quite a respectable place, being one of the most attractive for investments in real estate of Eastern Europe.
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