You have bought your very own real estate in the Czech Republic. But that is not the time to relax yet. Taxes, fees, estras... How much do you need to pay? Does it all worth it? You can decide after reading our new article.
Property Purchase Tax
The tax on the purchase of real estate in the Czech Republic is paid by the buyer since November, 2016. The bid is 4%. It is calculated either from the price of the property in the sale contract, or from the evaluation report made by a certified specialist.
It is a one-time payment that the buyer must pay to the state within 3 months from the next month after the deal is completed. You can contact your real estate agent for assistance.
The tax is not charged, if you buy property in a new building from a developer (real estate under construction or completed up to 5 years ago). But as a rule, developers include VAT (21%) in the cost of the property there is VAT (21%). Which means, you do not have to pay anything over the specified price.
Residential Property For Sale
242 250 €
Flat in Marianske Lazne, Czech Republic
93 sq.m
Czech company Developerské Centrum is offering you this flat placed in Mariánské Lázně for sale. This flat 4+kt in very good condition provides 93 m² of usable space. Property is in personal ownership. Balcony is also part of the property. Place is furnished, located at 2 floor. Your new flat is nearer than you think, send message to...
TSentr Nedvizhimosti Marianskie Lazne
923 200 €
Flat in Prague, Czech Republic
242 sq.m64
Spacious apartment in Prague 2 for sale. It has 5 separated rooms + apartment has 2 terraces (20 sq.m.). Major repairs took place in 2007.
You have a great opportunity to buy a perfect apartment in the Czech Republic, Prague 2 for living, renting out or invest in Czechian real estate with high return on investments.
Mercury Group
160 243 €
Flat in Marianske Lazne, Czech Republic
42 sq.m
Czech company Developerské Centrum is providing you this flat placed in Mariánské Lázně for sale. This flat 2+kt in after reconstruction condition provides 42 m² of usable space. Property is in personal ownership. Place is partially furnished, located at 5 floor. Your brand new flat is closer than you think, arrange appointment with Developerské...
TSentr Nedvizhimosti Marianskie Lazne
147 874 €
Flat in Marianske Lazne, Czech Republic
46 sq.m
Our company is delivering you this flat located in Mariánské Lázně for sale. This flat 1+1 in after reconstruction condition provides 46 m² of usable space. Property is in personal ownership. Balcony is included. Place is partially furnished, located at 2 floor. Your brand new flat is nearer than you think, send message to Developerské centrum...
TSentr Nedvizhimosti Marianskie Lazne
208 046 €
Flat in Marianske Lazne, Czech Republic
72 sq.m
Sale of an available 2+kk apartment (3+kk is also possible in the case of minor renovations) within the development project Rezidence FERDINAND, which is located at the end of Zeyerova street in Mariánské Lázně. The subject of sale is an apartment unit with a total floor area of 72.32 m2, which is located on the 3rd floor of a new apartment...
TSentr Nedvizhimosti Marianskie Lazne
78 000 €
Flat in Teplice, Czech Republic
71 sq.m311
Rental property
Sale of real estate in Teplice, Czech Republic.
The apartment, (private property) occupies the 1st floor, 2nd floor of the house, 71 sq.m. Furniture (antique furniture set), all household electrical appliances. Dining room and kitchen 16 sq.m. Bathroom 14 square meters. Yard, sauna, barbecue, front gardens, parking for cars and outbuildings,...
The procedure for settlements with a realtor is not regulated by the Czech law. On average, the commission takes 2-5% of the property price or a fixed amount. For instance, it can be up to €2000, if you buy a very cheap property. On the primary market some companies do not take commission from the buyer at all.
We recommend you to discuss the amount of your agent's fee and payment procedure in advance.
Notary's Fee
Notarial services (certification of signatures on the sale contract) are 30-70 CZK (€1,2-2,7) per signature. Often these expenses are included in the commission of your agent.
Money Storage Services
There can be a commission of €100-1 000 depending on the price, when you open a trust account. If your agency becomes the "custodian", they can include this service in their fee.
Interpreter’s Fee
You don’t need an interpreter, if your agent speaks your native language. Written translation of documents is included in the agency’s fees in most cases. Otherwise, you can pay €300-500 for the fee.
You pay a state fee to register your property im a real estate cadastre. It is €20-40. Who pays the fee depends on the terms of the sale contract.
Mortgage Fee
In case of a mortgage, you can pay an additional payment about 1-1. 5% of the price of your property, depending the terms of the bank.
Property Valuation
If you want to get a loan, you will need a professional real estate valuation performed by a certified specialist. Usually buyer pays for it. Evaluation of a typical apartment costs €150-200.
Real Estate Insurance
You are not obligated to get an insurance by the Czech law. But this may be required for mortgage registration. The price of the policy depends on many parameters from the amount of coverage to the cost and terms of the contract. On average, you may pay €100-300 per year.
Calculation Example for Real Estate in The Czech Republic
One-bedroom apartment in a new building (bedroom + living room with kitchen)
a middle-class residential compound
Property price: €100 000
Transfer of ownership tax: €4 000
Agency fee: €3000
Notary services (approximately): €50
Connecting communications (approximately): €0
Registration fees (real estate cadastre): €20
Fully furnished including kitchen and appliances (estimated): €9 000
Total property price with all expenses and taxes: €116 070
