Can Buying to Let Be Successful?
Again, yes, if the investor makes a serious commitment to doing their due diligence, carefully researching the offer, all parties involved, etc., and contracts the help of a trustworthy local agency – not a foreign agency working through an unknown local provider as is very often the case with British investors and investment firms! Let’s discuss the buy-to-let situation in this country in greater detail: Czech property, and Prague especially, has experienced an immense amount of hype in recent years, and especially since EU accession in May 2004 foreigners are scrambling to take advantage of “buy to let” deals. Most of these deals are offered by foreign ‘investment firms,’ and work like this: You buy a property through them off-plan, (‘off-plan’ means that you pay first, and they promise to build the property at a later date, offering you a discount price as opposed to the actual price in exchange for buying early), then they agree to manage the property for you: collecting rents, doi
