The Property Banks Buyers Guide to Czech Republic
A good rule of thumb is to take the
purchase price + 8% (approximately 6% if you use us for your
property closing - see fee structure), to cover all commissions,
expenses, taxes and fees if you are purchasing in the 1.000.000 to
2.000.000 range.
Thus, on a purchase of a property worth 1.600.000 CZK, your normal
total price would be approximately 1.728.000(total fees are
128.000).
If you used our services the total fees would be approximately 96
000 CZK.
Prices and commission fees inside of Prague can be much higher due
to the very high competition for attractive properties. It is common
even to pay simply for information, or a prospectus, about a viable
property.
Once purchased, yearly land and property taxes must be paid, but are
extremely minimal. They range from 1Kc to 4Kc per square meter, per
year. Maintenance fees also apply, and will be briefly discussed in
the next question.
Yearly SRO maintenance costs about 20.000 CZK a year, which covers
basic accounting, tax filing and registered office rental.