Prague Central group are guaranteeing 5 per cent profit if you put down 50 per cent in a special offer ive just read in paper.also 100000kc towards Kitchen.not bad considering climate at moment.

Hmmm. Central Group have never offered anything like this, they would not even entertain paying commission to estate agents in the past.
They have a huge residential project near completion at Zlicin, so may be concerned that the sales will be sluggish.

However this applies only to individual purchases and in case the project you invest in is finished within next 12-24 months.

From the news today!


» Prague Municipal Court yesterday refused to send developer Central Group
into bankruptcy as demanded by the company’s creditors, citing formal flaws.

No more info than that at the moment.

Managed to get the Czech version of this news article-

Basically, a construction company feels it is owed about 3.4 million GBP and that there are additional creditors. It is pushing the courts to get the money back.
Central Group flatly deny that they owe any money to the company.
So, no idea what the actual situation is!

Its quite common in the Czech Republic for firms to issue bankruptcy proceedings against another firm ,doesnt have anything to do with financial state of company.In fact Central Group is the strongest developer on czech market by far as they dont borrow to build developments like Finep who are hugely indebted to banks.central group reinvests profits and has an A rating from the auditors,they are recruiting loads at the moment and have just bought the rights to the Miss Czech Republic comp.i know lots of people in prague in real estate in prague and can assure you they are very strong financially.