Lucrative property opportunities – how can you find them?

Market research

Finding attractive property opportunities is not easy. It requires time, knowledge and market experience. Start with thorough market research to understand which locations are in greatest demand and which types of property offer the best returns. Assess the availability of local amenities, the state of infrastructure and development plans for the area.

Flexibility and patience

Be prepared to act quickly when a good opportunity arises, while remaining patient enough not to buy under pressure or without careful consideration. The property market can be unpredictable. Sometimes you need to act fast, while at other times it is better to wait for the right investment.

Fast access to listings

There is a reason why people say that the early bird catches the worm. The best opportunities often never even reach the public market. Real estate agencies have access to various types of listings before they are published. At Bohemian Estates, our automated system continuously evaluates listings against the client’s requirements and immediately sends them for consideration. This gives clients an advantage over other interested parties.

Auctions

In addition to standard property portals, interesting properties can also be found at auctions. These events often offer properties on more favourable terms. However, it is important to bear the higher risks in mind. Auctions may be compulsory due to enforcement proceedings, in which case the owner may not allow an in-person viewing of the property. This can prevent an adequate assessment of its condition, meaning you could be buying a pig in a poke.

Privatisation of public property and tender procedures

Another interesting option is property owned by public authorities. Cities and city districts occasionally announce tenders for vacant properties for sale, such as flats requiring renovation, commercial premises and so on. Each of these opportunities has its own rules and specifications. A purchase may take place through a tender procedure (sealed-bid method) or an electronic auction.

Property due diligence

Before purchasing a property, it is essential to carry out thorough checks to avoid any future problems and unexpected costs. Start by requesting a current extract from the Land Registry (katastr nemovitostí), which will provide information on the property’s ownership and legal status. You should then focus on the building’s technical condition. It is advisable to hire an expert to carry out a technical inspection of the property, checking the existing installations, structure, roof, insulation and other key elements. Do not forget to verify any legal restrictions that could affect the use of the property. Finally, it is advisable to check whether the property is encumbered by debts or enforcement proceedings, which can be identified in the Land Registry (katastr nemovitostí).

Property search by a professional

Finding a suitable property can demand considerable time and energy, which is why we have designed our Property search service. We filter all available listings on your behalf and, according to your requirements, send you only the best ones to consider. We will also be happy to guide you through the entire property purchase process, from checking the property’s technical and legal condition to signing the purchase agreement and arranging escrow for the funds.