Overseas Property News

For those who worry that Bulgaria has a glut of cheap investment property flooding the market and pushing prices down (the Independent, March 2005) and think that buying property in Croatia is risky due to disputes over land ownership, Prague surely represents an opportunity to buy quality property with a good chance of reasonable appreciation. At the time of writing, the country's economy is buoyant and industrial output is increasing. Prague is the capital of the Czech Republic and property prices are currently low compared to other European capitals. There are now several investment companies and estate agents that sell apartments in Prague to overseas investors. Note that you have to set up a limited company in the Czech Republic to own the property and there is a lot of legal bureaucracy associated with property purchase.