All change in the Czech rental market - what it means for investors...
All change in the Czech rental market - what it means for investors...
25th March 2009
By Anna Grybel-Kloc
The rental market in Czech cannot be described as a free one.
All units owned by the state up to 1991 have regulated rents - excluding cooperatives and social housing. And only since 1994, have vacant flats started to create a freer rental market.
Currently, slightly more than half of rent controlled apartments (53%) are in hands of municipalities, while the rest are owned by private landlords.
Although since 2003 landlords have had a right to re-negotiate the rental contracts in vacant regulated apartments, we still don't have a fully free rental market in Czech Republic.
To view the rest of this article - and thousands like it - become a PRO member today...
To read this article in full you need to be a Property Secrets PRO member. In addition to thousands of searchable articles on UK and worldwide property investment, your PRO membership will give you full access to a host of additional benefits. Take a look at the table below to see a full breakdown of what you are currently missing out on.
If you are already a PRO member of Property Secrets, sign in at the top of the page.
Call Property Secrets on: +44 (0)115 985 3963
Currency Solutions are the recommended
currency exchange provider for Property Secrets members.
