Czech Republic — Property: Foreign Ownership

Why this matters

Foreign property ownership matters to relocating individuals as it affects their ability to purchase and own a home in the Czech Republic.

Key facts

• The Czech embassy in Brussels says exceptions still limit foreign persons, including EU citizens, in acquiring certain real estate; non-residents may acquire by inheritance and a few other listed cases.
• Non-resident legal entities with a Czech branch in the Commercial Register may acquire real estate but not agricultural land or forest.
• Ownership through a Czech-resident company is generally not restricted, since subsidiaries of non-residents are treated as residents.
• The brochure noted an amendment to allow free acquisition was being prepared; the pages may be out of date, so check current law.
• The purchaser becomes owner only on entry in the Land Register.

Steps

1. Step 1: Meet the eligibility requirements — Determine whether you need to apply for a residence permit and gather the required documents.
2. Step 2: Find a property and real estate agent — Work with a reputable real estate agent who is familiar with foreign ownership regulations.
3. Step 3: Register with the local authorities — Apply for a residence permit and register with the local authorities, if required.
4. Step 4: Purchase the property — Sign a purchase agreement and complete the property transfer process.