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Prague the 'smart choice' for investors

Prague is emerging as one of the latest cities to catch the eye of the overseas property buyer...

As one of Europe's most beautiful and perfectly located capital cities, its high rental demand has giving the city the winning edge for property investment. Whilst the market is now more mature and prices have certainly risen in recent years, Prague still remains one of the best investment choices to be found anywhere in Europe, and that includes more recently emerging markets.

Investment specialists Pragueproperty4less.com currently have properties in the city as low as just £30,000. Low mortgage rates beginning at 3.79% and deposits from just £5987 add to the attraction and make investing here an affordable and sound choice for UK investors.

Steady price rises

Prices of property in Prague have been steadily increasing by around 15% per annum with some projects seeing a growth of 20% - a trend, which is predicted to continue for the foreseeable future.

Membership of the EU has seen a considerable change in the country's fortunes. Over the past two years the average wage in Prague has doubled, as a result of an increasing number of blue-chip multinational companies recognising the Czech Republic as a favourable economic location in the heart of Europe. This has increased the demand for good quality rental accommodation for professionals now working in Prague.

With property prices still very affordable in Prague and rental yields of 6-8%, there is no better time for UK investors to take advantage of the favourable conditions for buying a property in this world class city.