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Key selling points
- New build apartments in the rapidly developing residential area
- Excellent rental yields with high capital growth prospects
- Fantastic Central location
- Fully integrated kitchen and secure underground parking.
- Only 15% Deposit
- Completion is Imminent
- Very close to Tram and Metro stops
These new build apartments in the rapidly developing residential area of Prague 9 just 10 minutes by the excellent public transport links back to the very centre of Prague offer fully integrated kitchens, secure underground parking, floor coverings and VAT all included in the price. Construction is due complete 4th quarter 2006 – 1st quarter 2007. The project is located along Pod bradská Street, Prague 9, and is divided into several building stages. A wide boulevard reminiscent of the wide streets of Paris will be created between Pod bradská Street and the housing complex. A green belt will be created alongside the main street and behind there will be a smaller quiet common, destined mainly for parking.
Moreover, the crucial parts of the housing complex will be shaded from the main street by another barrier building; this building will offer commercial premises suitable for a number of possible types of use: restaurants, shops, gymnasium etc.
TAX
If you purchase a property in the Czech Republic you are obliged to file a tax return to the Czech tax office when your rental income exceeds 15,000CZK but you can off set all your expenses for example the interest on your mortgage, this will make any tax you have to pay very minimal.
If and when you choose to sell your property if you have had had it for five or more years you are exempt from being taxed in the Czech Republic on any profit which you make.
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