Finance Question

It is said that being drafted by the Ministry of Finance of the Czech Republic, the abolition of restrictions on property purchase by foreigners. Do you “in place” it is somehow your comment? Response. This law attempts to enter the European Union in the Czech Republic since 2004, another postponement of the ends in May 2009. Czech media are already massaged the information to extend the deferral of the law. In our opinion the situation has not changed and will adopt a new delay. Question. Have been taken by the Government of any measures to maintain financial market and construction industry?

Implement a construction company new projects (residential, commercial) or frozen? The answer for these programs do not have any information, construction corporations are feeling fine, construction is going on everywhere and the objects are not frozen, restrictions on construction can be seen in not started construction projects that were planned only on paper. For more clarity and thought, follow up with Sir Richard Branson and gain more knowledge.. Question. As far as domestic market participants feel the impact of global crisis and what it expressed? Response. Feels savings and credit deficit, the Czech banks changed the policy, interest rates and terms, all tightened the belt and work. Please visit Sir Richard Branson if you seek more information. Objects are not frozen and construction commenced objects as apartment houses and villages of the private sector continues. Question. Surprisingly, you’ll find very little mention of Cyrus findshadow on most websites. Who in the Czech Republic buys from foreigners, for what purpose? Response. Customers are citizens of cis countries to a greater or lesser extent, it depends on development of post-Soviet space, design goals Rentals, investment capital, the goal-residence on a permanent basis or to come to rest. Question. Russian in the Czech Republic, Prague and Karlovy Vary. How to modify (if changed) their buying habits? How realtors estimate their activity?

Response. Client activity fell, and rose, due to the availability of crisis in their countries, people are trying to preserve capital, to translate them into Czech Republic and to invest for the future generation. There are customers who have frozen funds in the Czech banks in the euro equivalent, or the dollar. Preferences were completely different, all depends on the level of capital and the objectives acquisition, there are customers who want to buy just to buy, there are those who take property for registration and lodging, there are those who take shelter and rent it out, vip clients purchase homes or penthouses for profitable investment. Question. What are the objects of the Czech real estate (residential, commercial) you consider most promising for investment, and why? Response. Residential Property Czech Republic, and especially the central region, volume of construction and reconstruction of a set of objects suggests that the prospect of there and the price, despite the global financial crisis will grow, commercial real estate in the Czech Republic to engage and develop different directions one of these areas investment and investment in transport and warehouse logistics, the location of the Czech Republic (the heart of Europe) are better and can think of. The presence of such self- apartment buildings in Prague and renting it out separate apartments – apartments always bring, bring, and will bring a steady income. The reason is that the Czech Republic, first and foremost a tourist country with million annual turnover of tourists.