Buying and Selling Real Estate in Czech Republic (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CZECH REPUBLIC LAW -

I. Types of Real Property Transactions

a) Purchase of an undeveloped plot of land;

b) Purchase of a developed plot of land;

c) Purchase of a building (that is not a part of a plot of land);

d) Purchase of an apartment;

e) Purchase of a right to build;

f) Purchase by way of a share deal through a corporation that owns the real estate.

Note: The right to build is a right in rem related to a plot of land consisting in a right to have an above ground or underground structure on that plot of land, regardless of whether such a structure has already been built or is yet to be built. Under Czech law, a right to build is as an immovable asset.

Please see full Chapter below for more information.

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