Latest Overseas Properties

Investors can benefit from no capital gains tax if the property is held for at least 5 yrs.

Scheduled to complete in Winter 2009, one, two and three-bed luxury loft apartments in the beautiful city of Prague. Prague Lofts is only a short distance to the city centre.

Prices From: £63,362
Completion Date: Final Quarter 2009

Prague lofts consist of 180 units to be built in 2 phases. 1st phase is scheduled to be completed at winter 2009 and includes 117 loft apartments. The architectural design is a “loft” concept. The apartment benefits from 22 ft high ceilings split into 2 levels.

A larger open plan living space at the lower level and smaller raised “bedroom” area linked by a staircase with an open area linking the two elements, the large windows are floor to ceiling.

The building will be 6 floors high with some of the larger apartments located on the top floors with roof gardens and balconies. Each apartment is delivered with an optional parking space.

Why the Czech Republic?

The Czech is a prime location for property investment with a strong economic growth (€21bn Grant for development) and high rental yields. It is ranked among the top 10 places for overseas property investment, and has been for the last three decades, but this grant will help to make the country one of the most attractive places to invest in Western Europe.

Reasons to invest in Prague:

Prague’s economy is expanding to new levels, spurred on by EU accession and the forthcoming introduction of the Euro, set for 2010. Billions of Pounds, Euros and Dollars are pouring into the Czech economy as Foreign Direct Investment. This stimulates economic growth, competitiveness, employment and real estate growth.

Continued rise in levels of wealth with an increase in the average monthly wage of around 50%, leading to a strong rental market and a large increase in the number of locals that afford mortgage payments.

Prices for new properties are increasing at up to 20% per annum, while gross rental yields on new apartments are running at 8.5% according to the Czech National Statistical Office.

This unprecedented growth is a result of demand consistently outstripping supply – furthermore, the Czech National Statistical Office estimates a need to build 50,000 dwellings each year until 2010 Strong and sustained economic growth with stable Political climate.

Low interest rates, Low unemployment levels.

Established infrastructure, ever expanding tourist industry. If you sell a property after five years, you do not pay a penny tax.

Overseas Investment Plan:

• Finders/administration fee (see FAQ page)
• 15% deposit required to exchange contracts
• The project is being financed by HVB Bank
• All payments are sent to the bank Escrow Account

If you are interested in this property, please click the enquiry button below and fill in your details or call one of our consultants on +44 (0) 844 873 4000