Overview

Czechoslovakia was founded in 1918 after the collapse of the Habsburg Empire. A communist regime was installed in 1948, and it lasted until the 1989 "velvet revolution". The first free election was held in June 1990, and the Czech Republic emerged in 1993 as one of the successors of the Czech and Slovak Federal Republic.

Why invest in Czech Republic?

Heart of Europe - Czech Republic is often described as the "Heart of Europe". Its geographical location, excellent train & motorway links and low cost/high skilled labour supply makes Czech Republic one of the most attractive locations in Europe. As the map below shows, the Czech Republic is also one of the wealthiest of the ten new accession countries. The GDP per person in Prague is circa double the national average.

Emerging Middle Class - The average monthly wage has grown by almost 50% since 1998 with the biggest growth of all in financial services. This growth in the wealth levels of the Czechs feeds the growth in shopping, leisure, residential and commercial property sectors in the Czech Republic. The average wage is Prague is circa 50% higher than the national average. The emerging middle class is one of the main growth drivers of property in Prague.