Expensive flats or the war in Ukraine have made Czechs start to take an interest in buying real estate abroad. They are often cheaper and can partially pay for themselves from any rent. More and more people are thinking about investing their money in a villa or apartment abroad and the interest is mainly in seaside destinations.

Spain leads the way, Croatia is the traditional favourite
One of the most popular destinations for investment is Spain. As real estate brokers, we can only confirm that Czechs are very interested in affordable apartments on the Spanish Costa Blanca and around Malaga. Spain attracts not only with its climate and culture, but also with its relatively affordable property prices compared to the Czech market.

Czechs are also interested in real estate in Croatia, especially around Zadar or Sibenik. There is also a growing demand for property in Bulgaria on the Sunny Beach, where prices are still relatively low, while tourist interest is growing.

In addition to classic destinations such as Spain and Croatia, there is growing interest in more exotic locations such as Bali or Zanzibar. In Europe, Czechs have also been attracted to Albania and Montenegro in recent years, mainly due to very low property prices.

Affordable options
Property abroad is often cheaper than in the Czech Republic. For example, for about 350,000 euros, or roughly 8.5 million crowns, you can buy a three-room apartment in Spain with an area of over 100 m2, which would be enough for an average Prague apartment in the Czech Republic.

The advantages of owning a property by the sea
In addition to affordability, another attraction for Czechs is the possibility of spending their holidays in their own property. Owning a property in a seaside area offers not only comfort and privacy, but also the possibility of renting, which can cover part of the costs. Rental yields in coastal locations often significantly exceed those in Prague. Unfortunately, another motivating factor is the war in Ukraine. Some people are looking for a safe haven in case the conflict spreads and they want to move out of the Czech Republic.

An alternative to classic cottage farming
Surveys show that the younger generation aged between 30 and 40 is abandoning traditional cottage living in favour of a long weekend abroad. Owning a property by the sea allows them to combine the opportunity to stay in their own accommodation with rental income when they are not using the property.

Taxes and administrative requirements
People attracted by the low price and the prospect of higher returns should beware of potential pitfalls. Selling a property can be complicated depending on the buyers' current interest. It is also necessary to meet official requirements and pay taxes properly. For example, property transfer tax is three per cent of the value of the villa or apartment in Croatia, and can be as high as ten per cent in Spain and Italy.

Other reasons to invest in a beachfront property

1: Living by the sea can have a positive effect on physical and mental health. The clean air, pleasant climate and proximity to the beach provide ideal conditions for relaxation and active recreation.
2. Cultural enrichment: owning a property abroad allows you to explore a new culture, customs and cuisine. It is a great way to become part of an international community and gain new experiences.
3. Diversification of investments. It is a way to spread the risk and protect yourself from economic fluctuations in the domestic market.
4. A legacy for future generations. It can serve as a valuable legacy for future generations.

Investing in a beachfront property is not only an attractive financial opportunity, but also a way to improve your quality of life and open the door to new cultures and experiences. Whether you're looking for a summer retreat or a way to diversify your investments, beachfront property may be the right choice.

And if you don't know where to buy such an overseas property, we also offer attractive properties on the Spanish coast or on the popular Canarian island of Tenerife.

https://nestera.cz/nabidka/prodej-byt-atypicky-267

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