Ostrava - huge price growth makes it the Czech Republic's new property star. Is it ready to step out of the shadow of Prague and Brno?
11th September 2007
By Andrea Harper, Deputy Editor, with Steve Desmond, Investment Broker
In 2006, property prices jumped by 30%. In the first six months of 2007, prices have leapt another 30% and are predicted to hit 50% by the end of the year.
The Czech Republic also has great finance packages with 100% LTV available and mortgage interest rates of 5% which, unusually for an Eastern European country, apply to both the domestic buyer and foreign investor.
Property Secrets' deal broker Steven Desmond has been watching the market develop in Ostrava for the last two years and has just returned from a trip there scouting for deals. Andrea Harper talked to Steven about the city.
Why is the time right now to invest in Ostrava?
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