Most foreigners bought a house in Czech Republic in the period from 2006 to 2008. The prices then were about 10% higher than now. Foreigners have considered buying a home as an investment, but now they are trying to return the invested funds, according to the portal ee24.com, referring to the Czech media.
Recently, however, foreigners began to sell real estate in Czech Republic. This is, in particular, in the story of the Prague businessman Paul F., who bought apartments 2 +1 in the Carlsbad area of 80 sq.m. for 700 thousand kroons (27,000 euros), while its market price was 1.1 million kroons (42,000 euros).
Most often, apartments and houses below market value are sold in Czech Republic by Russians, Britons and Germans, as well as the Irish and the Canadians.
The fall in property prices in the whole Czech Republic ended in September 2012. The exception was in Prague, where in some areas prices have fallen, and in others - have increased. The cost of housing in the Zlín and the edges of Usti nad Labem continued to fall, and growth was recorded in the Liberec and Kralovogradetskom edges.
Lower prices for secondary real estate in Czech Republic began in 2008, continued rapidly in 2009 and 2010. and slowed down in 2011. In some regions of the Czech Republic, prices fell by 30%.
Overall, in 2012, prices for apartments in Czech Republic fell by 5.6%.