Buying Property in the Czech Republic in 2026: An Essential Guide for Expats and Foreign Investors

5. 1. 2026

A growing property market attracting foreign buyers

The Czech Republic’s property market remains one of the most dynamic in Central Europe. In major cities, especially Prague, housing prices are still high and continue to follow a steady upward trend. This makes buying property not only a housing decision but also a potentially attractive medium- to long-term investment. However, for expats and foreign buyers, the purchasing process can be complex:

language barriers,
administrative procedures,
and specific legal requirements

can turn an opportunity into a challenging journey if not approached with proper preparation.

High prices but more accessible mortgages

One of the key factors to consider in 2026 is the relationship between property prices and financing conditions. While property values continue to rise, mortgage rates are more favorable than in recent years. This balance is encouraging many buyers to act quickly to “lock in” a purchase. Outside the capital, cities such as Brno, Plzeň, and Ústí nad Labem offer more affordable alternatives, as do areas in Central Bohemia. For foreign buyers, it is essential to assess not only the purchase price but also the long-term sustainability of the financing, taking potential future changes into account.

Buying without citizenship: what you need to know

One frequently overlooked aspect concerns ownership rights. In the Czech Republic, almost all foreigners, both EU and non-EU nationals, can purchase residential and commercial property without major restrictions. However, it is important to clarify a common misconception: owning property does not automatically grant residency rights. Anyone planning to live in the country long term must still follow standard immigration procedures. This point is especially relevant for newcomers who mistakenly view property ownership as a bureaucratic shortcut that, in reality, does not exist.

Financing, language, and legal requirements

Obtaining a mortgage as a foreign buyer is possible, but it requires careful planning:

Banks generally apply conservative lending rules, requesting a significant down payment and strong income documentation, often translated officially into Czech.
From a legal perspective, language is equally critical: all documents submitted to public authorities must be in Czech or accompanied by certified translations.
During notarial acts, a sworn interpreter is mandatory if the buyer does not speak Czech.
Even minor formal errors can lead to delays in property registration and additional costs.

Taxes, due diligence, and future outlook

Anyone buying property in the Czech Republic must also consider the tax burden, from annual property tax to taxation of rental income and rules on capital gains.
At the same time, due diligence is a crucial step:

checking the Land Register,
confirming the absence of legal encumbrances,
reviewing the seller’s status,
and verifying the building’s technical documentation are all essential to avoid unpleasant surprises.

Looking ahead, new infrastructure and urban development projects may influence demand and prices, creating further opportunities but also added complexity. In this environment, relying on specialized professionals remains the most effective way to ensure a safe and informed purchase.

Source: expats.cz