You Do Not Need Permanent Residence (PR) In The Czech Republic To Buy a Property in Prague

Prague, the heart of Europe, attracts many people from all over the world with its charm. It is no wonder that many of them consider buying a property in this historic metropolis. If you are one of those who are wondering whether you need permanent residency in the Czech Republic to buy property in Prague, we have good news for you: it is not necessary.

An overview of the legal framework

The Czech Republic’s legal framework opens the door for foreign investors and individuals from the EU and beyond to buy property in the country without the need for permanent residency. This possibility contributes to the internationalisation of the Czech real estate market and increases its attractiveness.

The process of buying a property

The purchase of a property in the Czech Republic by a foreign national follows the same rules as for Czech citizens, but it is advisable to familiarise yourself in advance with some specific requirements, such as document verification or the need to obtain financing from local banks. We are able to help you with this!

Specific situations

Although the purchase of real estate is accessible to most foreign buyers, there are some specifics when buying agricultural land or forest. In these cases, additional restrictions may apply and it is advisable to consult a specialist in Czech real estate law.

Advantages for foreign investors

For foreign investors, Prague is attractive not only for its beauty and rich history, but also for its stable real estate market and potential for capital growth. Buying property in Prague can also be advantageous for those looking for investment opportunities or who want to spend time in the Czech Republic without the need to obtain permanent residency.

Conclusion

If you are considering buying property in Prague, you do not need to worry about the restrictions associated with permanent residency. However, it is crucial to inform yourself of all relevant legal requirements and consider consulting a professional who can help you through the entire process and ensure that everything goes smoothly. Prague is open to all who wish to take advantage of its beauty and the opportunities it offers.

If you want to meet for an initial meeting, you can email me at info@czechadvisors.cz or call me on +420 723 599 563.