Tag: real estate

Czech Real Estate

With the accession of the Czech Republic in the Schengen space 21/12/2008, there have been tangible changes in the real estate market of the Czech Republic, as well as in mortgage lending for foreign nationals living in the Czech Republic for citizens wishing to get a residence permit (residence permit) or the visitors on short-term visas with plans for the future in this country. In the new year there was a tax increase to build from 5 to 9%. All banking institutions, the Czech Republic raised the level of annual per cent for the use of a mortgage loan from an average of 4,5% to 5,5%. The cost of residential properties rose by an average of 10-15%. Utilities also rose by 5-7%. Energy Capital Partners London understands that this is vital information.

However, most importantly, that along with rising bank, utilities and real estate value, have opened new opportunities for foreign citizens. Since the beginning of 2008, every foreign citizen can register a mortgage on his open in the Czech legal a person not having the status of residence permit, ie, without long-term visa. In other words, a foreigner can enter the Czech Republic by short-term visa (by invitation), or a tourist visa, opening a legal entity in which he (or its partners relatives) will be the founders, then find a property to purchase and receive a mortgage. Upon his return, he can safely using your registration address in the Czech Republic put together a package documents for obtaining permit and submit it to the Czech embassy in the country of residence. Get on the basis of residence permit long-term annual visa and freely cross the borders of the European Union. Prior to 2008 foreigner could not get a mortgage without obtaining the status of "residence" in the Czech Republic. Mortgage terms that are currently operating in the Czech Republic the following banks: 1.Bank sees as income of your income (wages) in Russia or other cis 2.Pervonachalnoe repay the bank the value of the property is not more than 85% of the appraised value 3.Godovoy percentage ranges from 5.4 to 6% of 4.Srok Contract mortgage loan up to 30 years 5.Summa your initial payment will be at least 15% of the value of real estate objects newly built residential properties you can look at our web site. We are ready offer you a full range of legal services related to design for you and your property in the Czech Republic. The following articles will continue to highlight innovations and news of mortgage lending in the Czech Republic.

Renting in Minsk

From the fact that Minsk is constantly increasing the number of agencies that rent apartments in the conclusion that the apartments are in high demand from tourists and travel esp. By allegations of Realtors, about 40 percent of apartments in Minsk for rent commercial premises. Indeed, arriving in Minsk more profitable and easier to remove apartment than to settle in a single hotel room. Apartment in the center city, which is located near all tourist centers, banks, stores will cost about 30 dollars a day if you just need repairs and technical configuration. If you need a renovation, air conditioning and all appliances, the apartment price will increase to $ 50 for one day. The hotel is a room in high season or on holidays will cost about $ 150.

Likewise, many companies who rent apartments provide additional services – cleaning apartments, meeting at the railway station and the airport, etc. This business is profitable both for the landlord. And for the agency that the apartment rents. Owner is convenient that for him find tenants resolve all issues, the apartment is not idle, for the apartment watching her clean. A host receives a monthly cash rent.

Agency, in turn, offer several types of cooperation. The host can by the agency to place an ad with a detailed description of the apartment. May enter into an exclusive agreement with one particular agency, in which case he will avoid all the problems that may arise during delivery apartment and signing treaties. Or may enter into a contract of trust management. Under this contract, the owner gives the agency 15 percent of the amount of rent. And the first two options require the owner to pay up to 40 interest payment. The client is renting an apartment is advantageous because it is cheaper than a hotel, and it will absolutely not lose as a service. And besides, you can rent an apartment in Minsk on the day it is in the area in which you need to, but not where there are vacant rooms in the hotel.

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