How to Prepare for Extra Property Costs

Property Purchase Tax

The tax on the purchase of real estate in the Czech Republic is paid by the buyer since November, 2016. The bid is 4%. It is calculated either from the price of the property in the sale contract, or from the evaluation report made by a certified specialist.

It is a one-time payment that the buyer must pay to the state within 3 months from the next month after the deal is completed. You can contact your real estate agent for assistance. 

The tax is not charged, if you buy property in a new building from a developer (real estate under construction or completed up to 5 years ago). But as a rule, developers include VAT (21%) in the cost of the property there is VAT (21%). Which means, you do not have to pay anything over the specified price.

Residential Property For Sale

32 675 €

Flat in Sokolov, Czech Republic

76 m²

Czech Republic. Karlovy Vary Region. Bukovany. 3+1 apartment, 76 sq m, for sale. Bukovany 7,950,000 CZK (approximately 32,675 EUR) We offer for sale a 3+1 apartment, 76 sq m, in Bukovany, near Sokolová. The apartment is located on the 4th floor of a partially renovated panel building. It features PVC windows, new laminate flooring, new...

Europe Gmbh

696 657 €

Penthouse in Karlovy Vary, Czech Republic

335 m²

Chekhiya. Karlovy Vary. Pentkhaus na prodazhu, 4+kk, 155m2+180m2. Prazhskaya sil'naya ulitsa, Karlovy Vary 16 950 000 00 CZK ( primerno 696 657 yevro ) Predlagayem k prodazhe roskoshnyy pentkhaus s planirovkoy 4+kk ploshchad'yu 155 m², raspolozhennyy v prestizhnom zhilom komplekse Triplex na Prazhskoy sil'noy ulitse v Karlovykh...

Europe Gmbh

203 829 €

Flat in Marianske Lazne, Czech Republic

61 m²

We are excited to offer you the opportunity to purchase a home in Phase 3 of the highly successful Green Garden project in Mariánské Lázně! Green Garden 3 is thoughtfully designed with maximum energy efficiency in mind: superior insulation (Energy Performance Certificate – Class B) and a cutting-edge heating system combining gas boilers and heat...

TSentr Nedvizhimosti Marianskie Lazne

291 700 €

Flat in Marianske Lazne, Czech Republic

91 m²

We are pleased to offer for sale an exceptional and spacious 2+1 apartment with a total living area of 91.3 m², located on the second floor of the prestigious Luxemburg Residence on Anglická Street in Mariánské Lázně. The apartment impresses with its generous layout and pleasant atmosphere. It features a spacious entrance hall, a kitchen with a...

TSentr Nedvizhimosti Marianskie Lazne

109 000 €

Flat in Kynsperk nad Ohri, Czech Republic

65 m²

Rental property

Czech Republic. Karlovy Vary Region. Kynšperk nad Ohří. Apartment for sale, 2+1, 65 sq m Apartment for sale, 2+1, 65 sq m Nadražní, Kynšperk nad Ohří CZK 2,650,000,000 Approximately EUR 109,000. 2 apartments remaining We offer you a unique opportunity to purchase an apartment in the newly renovated Residence U...

Europe Gmbh

141 923 €

Flat in Jachymov, Czech Republic

53 m²

Rental property

Chekhiya. Karlovarskiy kray. Yakhimov. Kvartira na prodazhu, 1+ 53 m² 3​ ​4​5​0​ ​0​0​0​ ​CZK​ ( primerno 141 923 yevro ) Ot imeni developerskoy kompanii Apartments & Realty, uspeshno zavershivshey takiye proyekty v Yakhimove, kak Rezidence K Lanovce, my rady predlozhit' k prodazhe ochen' istoricheski znachimoye zdaniye,...

Europe Gmbh

306 472 €

Flat in Karlovy Vary, Czech Republic

167 m²

Czech Republic. Karlovy Vary. Apartment for sale, 3+kk, 107 m² 745,000,000 CZK (Approximately 306,472 EUR) We offer for sale a bright and spacious 3+kk apartment of 107 m² with a beautiful view and a unique 60 m² terrace. The apartment is tastefully and qualitatively furnished and is sold furnished. The apartment is located in the...

Europe Gmbh

133 169 €

Flat in Marianske Lazne, Czech Republic

31 m²

We offer for sale a modern 1+kk apartment with a total area of 31.15 m², situated on the 4th floor of the Green Garden 1 residential building on Chebská Street in Mariánské Lázně. The building was completed in 2022 and is equipped with a lift. The apartment consists of an entrance hall, a bathroom with toilet, and a living area with a...

TSentr Nedvizhimosti Marianskie Lazne

227 990 €

Flat in Marianske Lazne, Czech Republic

54 m²

We offer for sale a modern 2+kk apartment with a total area of 54.61 m², situated on the 4th floor of the Green Garden 1 residential building on Chebská Street in Mariánské Lázně. The building was completed in 2022 and is equipped with a lift. The apartment consists of an entrance hall, a separate bedroom, a bathroom with toilet, and a living...

TSentr Nedvizhimosti Marianskie Lazne

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Broker’s Fee

The procedure for settlements with a realtor is not regulated by the Czech law. On average, the commission takes 2-5% of the property price or a fixed amount. For instance, it can be up to  €2000, if you buy a very cheap property. On the primary market some companies do not take commission from the buyer at all. 

We recommend you to discuss the amount of your agent's fee and payment procedure in advance.

Notary's Fee

Notarial services (certification of signatures on the sale contract) are 30-70 CZK (€1,2-2,7) per signature. Often these expenses are included in the commission of your agent. 

Money Storage Services

There can be a commission of €100-1 000 depending on the price, when you open a trust account. If your agency becomes the "custodian", they can include this service in their fee.

Interpreter’s Fee

You don’t need an interpreter, if your agent speaks your native language. Written translation of documents is included in the agency’s fees in most cases. Otherwise, you can pay €300-500 for the fee.

State Duty

You pay a state fee to register your property im a real estate cadastre. It is €20-40. Who pays the fee depends on the terms of the sale contract. 

Mortgage Fee

In case of a mortgage,  you can pay an additional payment about 1-1. 5% of the price of your property, depending the terms of the bank.

Property Valuation

If you want to get a loan, you will need a professional real estate valuation performed by a certified specialist. Usually buyer pays for it. Evaluation of a typical apartment costs €150-200.

Real Estate Insurance

You are not obligated to get an insurance by the Czech law. But this may be required for mortgage registration. The price of the policy depends on many parameters from the amount of coverage to the cost and terms of the contract. On average, you may pay €100-300 per year.

Calculation Example for Real Estate in The Czech Republic
One-bedroom apartment in a new building (bedroom + living room with kitchen)
a middle-class residential compound
Property price: €100 000
Transfer of ownership tax: €4 000
Agency fee: €3000
Notary services (approximately): €50
Connecting communications (approximately): €0
Registration fees (real estate cadastre): €20
Fully furnished including kitchen and appliances (estimated): €9 000
Total property price with all expenses and taxes: €116 070

Quoting conditions of Prianproperty.com materials