Hey, anons! Anybody knows how the situation with rent in CR is, outside Prague?
I wanna buy a flat there to rent it out, but Prague is waaay too expensive. So I'm looking into smaller cities, but above the population of 100k. Ostrava, Plzen, Liberec, etc.
1). Can I buy a flat below EUR 60 000 (panel house, but no gipsy neighborhoods), and then would it be difficult to find some decent tenants for it in a month or two?
2). What city would you recommend (and why)?
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Interested
too late, m8
I bought an appartment there at the lowest point 4-5 years ago
>outside Prague
lmao, didn't notice this part
I dunno then
Well, I didn't have that kind of money 4-5 years ago anyway.
Besides, I don't really need to buy at the lowest point. I just want an additional, reliable source of income. And to exchange the depreciating paper I got for a decent asset.
Anyway, how's rent in Prague go? Is the demand decent; how quick do you find tenants? And how do you run it - hire an agency that does the work for you?
Why buy it, when you can lease it from me for only 299.99/month (once I've bought it, that is)?
Ok, found this: kariera-czechia.com
Still, would like to hear info from somebody personally familiar with the situation.
prices went up considerably since then, it was a good investment overall
demand is more than decent in Prague IMO
Do you lease it to somebody? Do you find tenants and run the property (fix plumbing, check if everything is ok, etc.) through an agency? How much does the agency charge for that?
nah, it wasn't an agency but my brother who lives in Prague who does all that stuff
and yes, I do lease it (not to my brother lol)
>some Russian shitposter is investing his hard earned money in real estate abroad while I'm still a complete wreck with zero income
JUST
Fug you OP
and btw OP you should head to Czech (and some other Western Slav) general, forgot what it was called
oh it's called /v4/ now I remember
you could buy an apartment in belgium/netherlands/austria for that price and charge 800+ euros a month
Try looking into smaller towns near Prague like Beroun. The prices are much lower and you get access to the only city in the Republic
For 60k? 800+ euros makes the yield about 15% annually. I really doubt you can get anything close to this in Austria, Belgium, etc.
Anyway, what are the cities to look for in those countries for that kind of money? Not the capitals, obviously.
Hey, thanks! Is the demand for rent good in there? (And what about the demand for rent in smaller cities, anyway?) I mean, I'm not looking to buy prestigious or anything, I'm in this just for some money.
realitymix.centrum.cz
The yield for smaller cities looks interesting, but it doesn't matter if there's nobody to rent your real estate there. And those places look kinda desolate on YouTube, though I'm used to living in a city with a population of about 6 mln.
Well, I was looking to buy in Russia at first. But then I found out I could buy in Europe for pretty much the same money (or even less), and the yield would be comparable.
So, with our shitty currency continually going downhill since at least the Tzar era, investing in a European country looks like a good idea. I mean, buying US dollars or assets nominated in them has been the best investment for everybody I've ever known, ever since the early 90-s. Buying real estate has been the second best. Buying European real estate should be awesome in the years to come, since the country is continuing on its road to hell.
>and btw OP you should head to Czech (and some other Western Slav) general
Uh, where's dat? I can't find anything with a /v4/ in an address.
I just bought an apartment for 40k euros, I live in Friesland. If I were to rent I'd be paying 900 euros a month. Belgium is even cheaper.
60k???
Hahhahahaahahhahaa
wtf, you pay more than 60k to live in a shitty commie block with slav tier wages?
Look at Pilsen, that city have huge appartments shortage and huge demand renting demand because there are factories for foreign workers
For that price you can buy whole 12sqm appartment in Prague
Brno is also very expensive
So for 60k you can buy small appartment in some shithole small city
Prices for 60sqm apartments in major cities
60k€ is 1,5million czk
that's insane, it's much cheaper here and people still complain that it's too expensive. how could anyone pay that off considering your wages are much lower than ours? with 60k he can buy any apartment in Belgium or any city in the Netherlands that is not in the Randstad (Amsterdam; Rotterdam; The Hague; Utrecht)
Something like that? funda.nl
Well, it does look interesting, from the first glance. And rent prices in Sneek, wherever it is, seem to start from EUR 500, which is great for a 40k investment. What's the catch? It says service cost EUR810/month (does rent cover this separately?) - if I don't find a tenant for it quickly, that gonna lose me A LOT of money.
What the fuck, Prague is more expensive than Amsterdam. My friend lives in the center of Amsterdam with an 80sqm apartment and it's only 230k€
There is a rental shortage in the Netherlands, many people are put on waiting lists for student housing/welfare housing. Cities like Groningen there are 30 people applying for 1 apartment. Many people commute from Sneek to Leeuwarden because there is a college there. So you will find a tenant very quickly and can charge them more for rent
You need to hire a Czech agency to find people to rent the apartment and do repairs and check if the people don't wreck it. Also the expense for you to travel, to stay there while you're doing the big repairs and buy furniture. You considered that, right?
Buying an apartment in a far away country just to rent doesn't really seem smart.
Centre of Prague is much much worse than that
Well the key is that 88% of households lives in their own
I have appartment after my grandma which is worth 380k€ while making 1400€/month
So any newcomer here is royaly fucked, it just impossible to live in your own with these wages, so you must have appartment after relatives
>So for 60k you can buy small appartment in some shithole small city
Yeah, I figured that much out. It's actually ok if it's in the middle of a nuclear waste, if it generates good money.
>that's insane, it's much cheaper here and people still complain that it's too expensive. how could anyone pay that off considering your wages are much lower than ours? with 60k he can buy any apartment in Belgium or any city in the Netherlands that is not in the Randstad (Amsterdam; Rotterdam; The Hague; Utrecht)
Damn, that's interesting. Looks like I gonna have to do my homework better. What's the situation with tenants in those places - is it difficult to find some? What's the best thing to buy to rent out - a small one-bedroom apartment or something?
I've found apartments in Panelkas like that in czech for under 5k euros
You could buy 10 apartments for that
Yup, according the law for example if washing machine is broken you must buy a new one for them
On the other hand property tax is extremely low(couple hundreds of €)
Yeah in Gypsy ghetto in former sudeten
>apartments for under 5k euros
I doubt that. Even here that price would get you a mini-apartment in a gypsy/deserted neighbourhood in some middle of nowhere town.
It's not difficult to find a tenant at all. Our news is constantly reporting about people who can't find apartments, international students having to live in a hostel because finding a place to rent is very competitive, old people having to live in tiny apartments etc.
>You need to hire a Czech agency to find people to rent the apartment and do repairs and check if the people don't wreck it. Also the expense for you to travel, to stay there while you're doing the big repairs and buy furniture. You considered that, right?
Yeah, I know. It ain't that bad once you set everything up. I'm renting out something in my city - pretty sure some agent would be able to run everything for me for a small fee.
>Buying an apartment in a far away country just to rent doesn't really seem smart.
It shouldn't be that bad, actually. Anyway, investing in Russian Ruble is worse.
Like I said look at cities like Pilsen, CB, Olomouc or Brno
They have a lot of foreign workers and students whos renting
Btw. even better thing is renting it as airbnb
It generates almost twice than normal rents in tourist destinations
They looked in very good condition for almost no money, like 4k euros lmao
There is no way these clean apartments are inhabited by gypsies.
Just google "levné byty na prodej"
sreality.cz
100k czech = 4000 eu
I know you're trying to larp like czech=ultrarich lmao! u cant afford it! but the reality is your real estate is dirt cheap. Can find nice houses with land for under 40k euro
>investing in Russian Ruble is worse.
That goes without saying.
My point renting is not that sweet a deal as it sounds and doing it in a different country makes it super complicated and more expensive.
>Well the key is that 88% of households lives in their own
>I have appartment after my grandma which is worth 380k€ while making 1400€/month
>So any newcomer here is royaly fucked, it just impossible to live in your own with these wages, so you must have appartment after relatives
The point isn't in spending money, it's in investing them. I wanna get a source of income and a decent asset, not a bunch of concrete boxes in some gipsy neighborhood.
Panel houses are mostly fine, btw. I got one here in St.-Petersburg, and it's a decent flat.
Krupka marsov
Gypsy ghetto of teplice
Pic from area
its russian operative shit, they do this everywhere in eastern eu, fuck them
You are really a fucking retard for going to Prague, for some reason their real estate prices are inflated at 2x the v4 capital average (compared to budapest and warsaw)
On the outskirts of Warsaw you can get it down to 1.3.1.6k/m2 which turns out at around 50-60k for a decent 40-50m2 flat that will give you a few hundred euros in rental income and rise in value
I think prague is overblown cause of touristic appeal and many rich foreigners swapping apartments . But walk outside prague and it's decent tier (or v4 capitals like warsaw, bratislava and budapest)
Thanks! Looks like I'll be looking into this. Closely.
Another question, if you don't mind. What are the general rules to choose a decent place to buy a property? For instance, here in Russia you need a large city (population over a million people), preferably Moscow or St.-Petersburg; the closer to the city center - the better; public transport stop is almost obligatory to rent it out successfully. Any general rules like this in places you're talking about?
And, basically, any other things to look out for (taxes, no-go zones or whatever)?
Nice new neighbors. actually it's not that bad idea because government is paying the rent for them
Wait 6 months/1 year until the market crashes, wait for it to settle down
invest your money in stocks then
investing in housing is not a good idea right now
Ok what about if you get that up to 400k czk for a town like Karvina?
This is 17k usd in good condition in a white Czech town
sreality.cz
Actually it's not overblown. It's just there are no new appartment. Population is rising by 20k/year but only 5k/year new appartment are built
Haha
Yeah well Karvina is one of the poorest city in whole country with declining population
Former mining town
>Actually it's not overblown
It is, there is no way you can find an apartment for under 200k euros anywhere even on the outskirts
And the average salary is like in warsaw like 1000-1500e, so you are paying like 2x what you should be
>tfw just bought an apartment
I hope you "the market is gonna crash any minute now" faggots are wrong.
What about this one in Most?
Basically every small town has really good apartments for under 20k
Like pottery
You are just naming the biggest shitholes
Another former mining town with declining population
Small towns are dead zones filled with gypsies and old people. Nobody wants to live there or rent there. It's bad investment.
Is there any town in Czech that isn't poor/declining that isn't Brno or Prag?
Real estate is a bad investment in general
But passing on 20k apartments is a worse
stfu fyromian retard
The gypsy ghetto of Most has it's own wikipage.
>en.wikipedia.org
There is public transit literally everywhere here and you can bike/walk everywhere so it's not that important for it to be in the city center. I would say to avoid Rotterdam, it's very dingy and ugly and white people are a minority there. With any student city you will immediately find many tenants. And we have lots of foreign workers from South and Eastern EU so any place with industry is also good.
Go back to balk shiptard
>its russian operative shit, they do this everywhere in eastern eu, fuck them
I'd be throwing money in Prague if that was the case. Or Berlin, or wherever. Since I ain't some accomplice of mr. Putin or his buddies, I don't have the country's stolen budget at my disposal, so my budget is limited, and the yield actually matters.
Yeah, I undestand Prague is too expensive for me, and the yield ain't great. Bratislava is only marginally cheaper, not for my budget anyway, unless it's that Rakunja district with gypsies and an oil refinery. The rest of them - looks like I'll have to look closer. Still, something's telling me the yield outside capital cities is better. Need to find out where there's decent demand, though, because without it I'm stuck with a property that's losing me money.
Show apartments in a white Dutch neighborhood going for under 50k
You can get a commieblock flat for as a cheap as 20-25k here in cologne
These regions are not good
Guess from which parts are your examples
You sound like a fucking kike, you probably are
Why don't you do the same in Moscow?
brno is terrible desu
Here is a big apartment just south of Prague in a good part
It's under 30k usd
>Wait 6 months/1 year until the market crashes, wait for it to settle down
What if it crashes in 10 years, or 20? You sit in the money all that time, your money will lose like 20-50 percent buying power, and then there's 60-120% of lost rent profit in addition to that. That's some MASSIVE losses.
I say, whenever you got enough paper, look for a good deal to exchange it for some decent, income-generating assets.
In cities it's so international and everyone moves there for uni so there's not really ethnic boroughs. For example in Maastricht University half the students are international. He can also look into smaller cities that are near big cities, like Almaar/Zaandam/Hilversum is only 15-30 minute train ride to Amsterdam and it's significantly cheaper.
This is the best deal I found so far
75m2 big apartment near the Austrian border, which the Czech said is good
It's in a village for under 30k usd
Prague is the dream if you already own a flat, finding a new tenant will take you literally 15 mins.
People are desperate to find a place, but now I can see how many have started moving outside of the city just because they can't afford to pay 70% of their net income on rent.
In my opinion it's too late to buy anything there, rents have gone so high not even Czechs can afford to live anywhere near a reasonable area unless they have contacts.
I have seen ads of expats renting living rooms for 400 EUR a month, that's London tier for living in a commie block m8..
ask me anything, will be happy to answer
Based Macedonian calling out the Czech trying to convince everyone his country is soooo expensive and first world when it's actually cheap as fuck
>actually it's not that bad idea because government is paying the rent for them
They wreck the apartment, wrench the plumbing, flood all the neighbors 7 floors below them, refuse to pay for the damage because no money - and what do you do then? You gotta have muscle there or be a friend with their baron or whatever to do that thing.
It is kinda expensive, you're buying apartments in rural czech for 20-30k lmao
In serbia I could have a fucking house and land for the same price
Well this is really awkward but Milevsko is former soviet military base :)
I hear German laws aren't very lenient towards landlords, and the taxes are very high, no?
Anyway, does such a commie block in Cologne rent out well?
Litvinov is not near Austrian border lol
It's in the bad regions area :)
Ok, Ostrava ain't good. What about Plzen, Liberec?
Now I know you're baiting
You circled those edges in the north-west and north-east and now those areas in the south far away from them supposedly suck too lol
I think you're full of shit in general, even Ostrava is a based place
>You sound like a fucking kike, you probably are
I'm not. Remember, I only got 60k, heh.
>Why don't you do the same in Moscow?
Because assets there are nominated in Russian Ruble. It's been falling against every decent currency in the world for, like, forever.
Both good choices because they have universities so a lot of students who likes renting
Especially Pilsen is good choice
Buy bitcoin while it's low now
One of your example is Litvinov, it's west north of Czechia, nowhere close to the Austrian border and indeed in my marked area
Second is commieblock town where families of Russian soldiers lived. You know that famous scene from Eurotrip and Bratislava, that was shooed in Milevsko :)
Thanks! What about outside Prague, something (much) cheaper? How'd you pick a place where good demand for rent exists there?
What's wrong with Milevsko?
Look at Zatec. Small shithole town with 19k population but they will next year open big factory there(3k employees) which means lots of foreign workers who needs renting
They're going for 50k lol
So, anyway, OP, why did you choose the Czech republic?
Thanks, I'll look into those!
>Buy bitcoin while it's low now
Houses generate income, so do stocks (dividends) and bonds (coupon). Thus, their prices are somewhat fundamentally justified, and if they fall too low, they'll quickly rise because the yield they generate becomes too lucrative to pass.
Bitcoin doesn't generate a thing, it's an illusion, it can fall indefinitely without anything changing. I'm not into buying a crashing illusion.
Yup and with 5 Ukrainians in that appartment you can charge them 700€/month
Good deal in an old building in Zatec
What other towns are there like Zatec with life, safety, white population and factories?
Zatec is actually really bad lol
We have quality life Index in cities, check the map and you can see that my marked areas are pretty accurate
>So, anyway, OP, why did you choose the Czech republic?
It's not, like, a final choice, I'm just looking into it closely. I need to choose a specific region first to conduct thorough research there, viewed a few, and CR looked decent and affordable (in some areas). The population isn't too small, the density is fine, demographics seems ok, the GDP per capita is good, the currency is kinda stable and seems to be close to its low anyway, the taxes are reasonable. I don't know that country well, or any other in Europe for that matter, but those are at least some things I can understand.
And as you can see, some your previous examples are at absolute bottom of all cities in whole country, including zatec
I don't know pham, I think it's pretty much the same everywhere except gypsy ghettos
Your places seem equally wealthy, or at least there's a baseline of wealth where everything looks nice, only the salaries are different