Czech Economic Growth And Commercial Property Sectors To Spur Residential Demand
News Posted On: 25 November 2009
The Czech Republic looks like becoming one of Europe's great emerging economies. It is currently the focus of several major institutional investment funds, in its commercial sector, including mall development, office and retail space purchases.
These investment funds would not be putting their hand in their proverbial pocket if they did not think that there was money to be made from the Czech economy.
Between 2006 and 2008 Czech Republic entered onto the scene of private property investors, because its economy was growing rapidly, and because the developments that were coming out were perfectly suited to capitalise on the growing demand for quality rented accommodation in the country.
Mall and retail outlet growth in city centres like Sofia and Prague now, will once again generate substantial demand for quality rental property in those areas.
To offset the fact that the Czech Republic is land-locked, is the fact that it is almost smack=bang in the centre of Europe. This makes it a European export company's dream. Over the next few years there will be significant investment in developing the Czech transport infrastructure, continued investment and expansion of the commercial property sector and continually rising demand for residential rental property.
This makes parts of the Czech Republic among the best in Europe for buy-to-let property investment. This is made even more true by the low property prices in the country, with houses available from as little as £60,000.
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