Welcome to our regular overview of developments in the Czech property market. In today’s article, you will find out:
the current number of enforcement proceedings,
the latest information from the rental housing market,
tips on interesting properties.
Source: Ministry of Finance of the Czech Republic Rent Price Map, recalculated using our own coefficient.
Calculate rentConcerns about non-paying tenants are very common among property owners – and rightly so. We therefore recommend screening prospective tenants first. We carry out thorough checks against several debtor registers to minimise the risk of problematic tenants as much as possible. For reference, take a look at the enforcement statistics, which provide clear figures.
Total number of enforcement proceedings against individuals: 2 993 125
Average age: 47,1
Average number of enforcement proceedings per individual subject to enforcement: 5,9
Source: Chamber of Enforcement Officers of the Czech Republic
What is driving the Czech property market, where is it worth investing in property, and what affects the rental housing market? We bring you the latest developments from the property world.
The end of the summer holidays is one of the strongest periods of the year in the rental housing market. As the start of the academic year approaches, the number of people actively looking for a new home rises, including students, graduates, families with children and employees changing jobs. The result is significantly higher demand for rental flats.
For property owners, this period offers an opportunity to let their flat more quickly and choose from a larger pool of prospective tenants. However, high demand does not automatically justify an inflated rent. Excessively high rent can lead to less interest, a longer advertising period and, ultimately, lost income due to a vacant flat. It is therefore best to set the price according to current market conditions, taking into account the location, technical condition of the property, layout, fittings and comparable listings. You can have the ideal rent calculated using our rent calculator.
High-quality presentation is just as important as correctly set pricing. A flat in good technical condition, with freshly painted walls, professional photographs and a well-prepared listing, attracts more prospective tenants and increases the chance of finding a reliable tenant.
The Chamber of Deputies has approved an amendment to the Building Act intended to significantly simplify and speed up building permits. It responds to the long-standing problems of the Czech building permit process, which is among the slowest in Europe. Lengthy and unpredictable approval procedures delay construction, increase the cost of development projects and public investment, and are subsequently reflected in higher prices for new housing.
The biggest change is the introduction of the principle of “1 authority – 1 procedure – 1 stamp”. Developers will no longer have to visit individual authorities. The relevant authorities will now be directly involved in the building permit process, and their opinions will be consolidated into a single coordinated statement, for example from the fire brigade, public health authority, nature conservation bodies or heritage protection authorities. At the same time, the digitalisation of building procedures will continue: applications, project documentation and communication between authorities are to gradually move into electronic form, significantly simplifying and making the whole process more transparent. If the amendment successfully passes the entire legislative process, it should come into effect in 2027.
Exclusive living, recreation and attractive investment opportunities. We offer unique properties united by an appealing location and investment potential.
We have added a 1+kk flat with a floor area of 31 m² in the popular Prague-Zličín area to our portfolio. The property includes a 25 m² garden terrace. The flat is currently let to a reliable tenant, making it an attractive investment opportunity with immediate returns. It also benefits from excellent transport connections and full local amenities.
We offer a spacious family house in the village of Klímětice in the Příbram area, set on a plot measuring 5 730 m². The property has approximately 330 m² of usable floor area and offers ample space for comfortable family living and working from home. The house includes a terrace, fireplace and separate studio. This peaceful location, surrounded by nature, provides plenty of privacy while maintaining good access to Prague.
In the village of Ptice, near Prague, an 800 m² building plot intended for the construction of a family house is for sale. The plot is level, ready for construction and connected to the necessary utilities. Thanks to its excellent transport links and attractive location, it represents a suitable opportunity for buyers seeking peaceful living within easy reach of the capital.
Whether you are looking for an investment opportunity, a new home or need a rent valuation, Bohemian Estates is here for you. We can help with buying, selling and complete property management. With us, you can be sure your property is in good hands!
