Mortgages in the Czech Republic for Foreigners: Does Nationality Matter?

Sanctioned Countries: Russia, Iran, North Korea and Others

For citizens of countries under international sanctions (such as Russia, Iran, or North Korea), the situation is very different.

• Obtaining a mortgage in the Czech Republic is extremely difficult and in most cases not possible.
• Even opening a basic bank account can be challenging, as banks are legally required to follow strict anti-money laundering and sanctions regulations.
• Transactions involving citizens or companies from sanctioned countries are subject to extra checks, delays, or outright rejection.

We have worked with such clients in the past, as we believe that individuals who simply wish to build a life here should not be penalized for the policies or practices of their home countries. In most cases, we were successful in securing a mortgage for them despite these challenges.

Key Factors That Matter More Than Nationality

While nationality influences requirements, banks care most about your financial stability:

• Regular work contract or self-employment income.
• Proof of tax payments and social contributions.
• Ideally, income in Czech crowns (CZK) – though some banks also accept EUR, USD, or GBP.

Can Foreigners Buy Property in the Czech Republic?

Yes – foreigners can buy property anywhere in the Czech Republic, regardless of whether you are from the EU or outside the EU. Ownership rights are not restricted, and many expats purchase apartments, houses, or investment properties across the country. The only real differences come during the mortgage approval process.