Mortgage process and how to successfully buy a property
Purchasing a property in the Czech Republic can be a daunting task, especially for those unfamiliar with the local mortgage market.
Purchasing a property in the Czech Republic can be a daunting task, especially for those unfamiliar with the local mortgage market.
The banks must lower rates to retain Customers. In this article we will focus on the early repayment penalties and the fact that the banks are not allowed to impose penalties.
From 1 July 2015, the owner of the building or a part of that building must ensure that they have a valid PENB when selling the building or its integral part (for example, an apartment inside the building). From 1 January 2016 a PENB is also necessary to rent the property out. However, there are exceptions.
When the death occurs in the real estate it is a very sensitive situation. How to deal with it? And what about if the tragedy or suicide happened there?
Death is usually associated with grief. Especially when it comes to your parents, grandparents or other close relatives.
Have you bought an apartment as an investment and now want to rent it out? Choosing quality tenant is key for success. Let's see how you can screen tenants.
A good real estate agent can save you a lot of money when selling your property, a bad real estate agent can cost you more. So, how to choose the right one?
Moving out a non-paying tenant may not be at all easy. While most tenants, if they do not have money to pay the rent will voluntarily agree to leave early, not everyone thinks this way.
A step by step process of how a property is sold.
Is a sealed bid auction suitable for the sale of your property? How does it work and what you should know when selling real estate this way.
Under Section 4 of the Income Tax Act, you are exempt if you have owned a property or cooperative apartment for more than 5 years. For details, see the article What is income tax on the sale of a property.
The good news is that, in the Czech Republic, heirs do not pay inheritance tax or income tax. However, they must pay the notary's fee, as well as reimburse them for their costs and other expenses associated with the formalities of inheritance.
Leverage is a tool that allows you to increase your return on equity with the help of foreign capital. In the case of investing in a mortgage; the lower the interest rates on the loan, the higher the leverage effect.
