The Czech Republic is one of the most prosperous and stable of the ex-Soviet states, with a strong economy that is ever increasing. Accession to the EU in 2004 has already shown benefits, and with EU funding coming in over the next few years it is more or less certain that the country will be on the front foot for years to come. Tourism is a booming trade and Prague is fast becoming one of the most popular cities in Europe – what was once a hideaway for the bohemian youth is now becoming a magical tourist destination for all ages. Foreign investment is a priority for the government, and their encouragement means that the country has a large off plan property sector. Whilst property prices have been on the rise over the last few years, they are still nothing like those of the major European cities and bargains can be snapped up – even in the major cities.

Obviously Prague would be at the top of most lists for somewhere to purchase off plan property, and the capital offers a vast amount of opportunities for investment. Though it is obviously one of the most expensive regions in the country, there are always bargains to be had and a lot of people would be happy to pay a bit extra for the chance to own a home in one of the most beautiful cities in the world.

Growth potential in the Czech Republic is all too evident, with the country offering a strong economy, an impetus on foreign investment and an ever growing tourist trade along with the recent EU accession – it would be silly to assume anything but good prospects for the nation as a whole. Right now is an ideal time to invest in the Czech Republic, as prices are still low enough to be considered cheap – they will rise: estimates put these increases at around 20 percent per year. Bargains will become more and more rare, meaning the time to capitalise is right now.