funds received in a bank
The Czech Republic is a more affordable alternative to Austria and Germany: there are no territorial restrictions for foreign buyers, as in Austria, and real estate is cheaper than in Germany.
The volume of investments in the local market is growing rapidly: according to CBRE, in 2016, 3.7 billion euros were invested in Czech real estate – 86% more than in 2015. According to analysts, in 2017 the volume of investment will again exceed 3 billion. Continue reading
In 2016, the UN World Tourism Organization (UNWTO) recorded a new record: over the year, 1.235 billion international trips were made – 3.9% more than in 2015. Almost half of them are in Europe – this is the most popular tourist region in the world, where UNWTO estimates that over the year travelers spent about $ 447.3 billion. Continue reading
In Germany, one of the lowest mortgage interest rates in Europe. German banks provide loans to buy an apartment or house and residents and foreigners. Mortgage registration lasts an average month and costs about 1% of the loan amount.
If an investor buys real estate in Germany for rent, the loan increases the return on invested capital at the expense of leverage, since the cost of borrowed money is usually less than the proceeds from the lease. Continue reading