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Purchasing luxury real estate in the Czech Republic – legally secure with NAWI

NAWI has been providing comprehensive support for real estate transactions for over 5 years.

Our services include: real estate transaction support, legal issue resolution, drafting of purchase and sale agreements, tax planning, and much more. Thanks to years of experience in the Czech market, we can offer high-quality consultations on purchasing luxury real estate in the Czech Republic, supported by practical proposals.

    NAWI ensures the highest level of transaction security:
  • We comply with all Czech legal requirements.
  • We conduct thorough checks of counterpart documents.
  • We offer you only those properties in which we are confident of their legal integrity.
OUR ACHIEVEMENTS

Purchasing premium housing in the Czech Republic: reliability, prestige, and profitability

Purchasing luxury real estate has always been and remains one of the most reliable and profitable ways to preserve and increase capital. Over time, like fine wine, well-chosen real estate only increases in value.

The luxury real estate market in the Czech Republic is an attractive direction for diversifying investments in elite housing. It is possible to purchase a house, apartment, or even an entire mansion in any country where the legislation does not prohibit such transactions.

The criteria for classifying housing as part of the elite segment are constantly changing. At the beginning of the 2010s, properties in Prague with underground parking and landscaped areas were considered elite. Now, these amenities are even available in comfort-class housing. Location and engineering solutions have come to the forefront.

Advantages of Purchasing Luxury Housing in the Czech Republic
    Purchasing premium real estate in the Czech Republic attracts many due to its simplicity, transparency, and profitability:
  • Minimal bureaucratic barriers: The purchase and sale of property in the Czech Republic are associated with low bureaucratic burden.
  • No taxes: Transactions involving real estate are not subject to property transfer taxes, stamp duties, or similar charges.
  • Fast registration: The property registration process is quick and efficient, with certificates issued within 21-28 days.
  • Accessibility for foreigners: Citizens of any country, including those outside the EU, can freely purchase property in the Czech Republic.
  • Safety: The Czech Republic is one of the safest countries in Europe, and real estate transactions are legally protected.

How to Choose a Property for Purchase?

Before starting the search for a specific apartment or house, it’s important to define your goals and luxury strategy for premium real estate in the Czech Republic:

  • For capital appreciation
  • For passive income from rentals
  • A mixed strategy
Risks Associated with Purchasing Luxury Real Estate
    Key considerations include:
  • AML Checks: When purchasing expensive properties, it is necessary to conduct a thorough audit of your finances. This includes preparing a complete set of documents that verify the legal origin of your funds and that there is no connection to illegal activities. Your finances will be meticulously checked for compliance with tax laws.
  • Czech Tax System: It is essential to thoroughly understand the tax requirements and obligations related to purchasing property, as well as the potential tax implications for foreign investors.
  • Publicity of the Deal: The purchase of luxury real estate often attracts the attention of the media and regulatory bodies such as the financial analytics office, tax service, police, and specialized institutions, including NCOZ and BIS. This can lead to additional checks and unnecessary pressure on the transaction process.
  • Politically Exposed Person Status: If you are classified as a politically exposed person, this will create additional complexities in the process of acquiring luxury real estate due to international sanctions or restrictions.

When purchasing luxury real estate in the Czech Republic, you may face several challenges that could complicate the process: Understanding and addressing these aspects can help avoid additional difficulties related to investigations by regulatory bodies, ensuring the legality of the transaction, and compliance with international financial standards.

NAWI is ready to provide you with qualified assistance and protect your interests in each of these situations, ensuring legal security and confidentiality of your transaction.

NAWI — professional assistance in purchasing luxury real estate in the Czech Republic
    As part of purchasing luxury real estate in the Czech Republic, our company offers:
  • Assistance in defining the parameters of the property
  • Organization of viewings with the support of a company specialist.
  • Participation in the negotiation process, using accumulated experience to maximize the reduction of the cost of the selected property.
  • A full audit of the property before purchase ensures a thorough check of the real estate for the security of your investments.
  • Formation of a document package for the transaction, meeting all the requirements for real estate sales, in a short time.
  • Full support until the property is transferred to the new owner.
  • Opening an escrow account — a guarantee account for secure real estate transactions.
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FAQ
What are the benefits of purchasing luxury real estate in the Czech Republic, buying premium housing in the Czech Republic in 2024?
Purchasing elite residential real estate in the Czech Republic presents an attractive investment opportunity due to the favorable economic situation in the country, stable demand for rentals, high potential for price growth, and the possibility of profitable sales. The profitability of luxury real estate in the Czech Republic for 2024 can vary from 3 to 5% annually.
Can I buy luxury housing for investment in the Czech Republic in euros or US dollars?
Officially, real estate prices in the Czech Republic are listed in Czech korunas (CZK). Transactions of purchase and sale must also be formalized in Czech korunas. However, in practice, many sellers accept payments in euros or US dollars. The final decision on the currency of payment is made individually, by agreement between the buyer and the seller.
What is an escrow account and what to do with it?
An escrow account is a special bank account to ensure the security of your transaction. We will help you with its opening and servicing.
If I buy real estate, will I be granted a residence permit?
No, purchasing real estate does not guarantee obtaining a residence permit in the Czech Republic.
How to invest money legally safely and profitably?
The main thing is to contact us, and we will help you choose reliable investment options.
What is the role of your company in purchasing real estate in the Czech Republic?
The company “NAWI” works comprehensively with each project. We help the buyer find the right property, check its condition and legal aspects of the potential purchase, assist in concluding the deal, and prepare the documents.
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