Why are Czechs increasingly buying property abroad?

High property prices in the Czech Republic, the higher standard of new developments, and the opportunity to combine an investment with personal use. These are some of the reasons why Czech clients are increasingly looking at real estate beyond their borders.

Prague prices are competing with international markets

One of the main reasons for the growing interest is the price of domestic real estate.

"The prices currently seen in the Czech Republic, or more specifically in Prague, are truly competing with global metropolises. As a result, Czech clients have started looking at other options."

Moreover, new developments abroad often offer swimming pools, fitness centers, reception services, or children's play areas, which are not standard features in typical projects in the Czech Republic.

The greatest interest is directed toward the Emirates and Spain

Dubai and other parts of the Emirates have long been among the most sought-after markets. The second major choice is Spain, which offers Czech clients proximity, the environment of the European Union, and a well-known lifestyle.

"In recent years, it has definitely been Dubai and the Emirates. We have seen a truly huge interest from Czech investors there."

"The Czech investor feels like they can just drive there. They have a sense of security because it is in the European Union."

Interest in Dubai has not disappeared

Although some clients have temporarily postponed their decisions, interest in the Emirati market remains.

"I wouldn't say that the interest has disappeared at all. Quite the opposite. Perhaps a different type of investor is looking at properties now, maybe a more experienced one."

Prices have not dropped significantly, but buyers may have more room for negotiation and a wider selection of units and payment terms.

Lifestyle is also a deciding factor

For many clients, a foreign property is not just an investment. The climate, the opportunity to spend more time outdoors, and proximity to the sea play an important role.

"One of the motivations for buying property abroad is the lifestyle."

Among the most common requirements for Czech clients are a balcony and good access to the beach.

"They really imagine that morning coffee on the balcony. That is definitely the most important thing for them, along with proximity to the sea and the beaches."

It is essential to know local regulations before buying

In addition to location and price, it is important to verify the legal status of the property and the terms of its use. Hotel apartments require special attention, as personal use and short-term rentals may be restricted.

"This is arguably the most important piece of advice I can give you: work with an expert."

Knowledge of the local market helps you choose a property that aligns with your intended use, budget, and long-term goals.