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Houses, hotels, castles, apartments in Czechia for sale

Hotels in Slovakia for sale, tourism statistics

During last couple of year tourism in Slovakia is growing at a steady pace. In year 2015 some 4,430,000 tourists used services of Slovak hotels, in 2016 it was already 5,024,000 tourists and in 2017 their numbers continue to grow. During first 7 months of the year 2016 there were 2,819,000 tourists, in the same period of the year 2017 their number has grown to 3,084,000. It means an increase of 9 %. In the year before that (2015) the growth of total numbers was 16 %, in case of foreigners the increase was 17 %. Geografically tourism was concentrated mainly in High Tatra district of Poprad and Low Tatra district of Liptovsky Mikulas. We offer hotels for sale mainly in these two districts.

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Taxation of Czech Real Estate

There is a Property Transfer Tax of 4% to be paid by the seller from the sale price of the property. This rule should change soon and the obligation to pay this tax would be switched from the seller to the buyer. Newly constructed residential sales are subject to 15 % VAT, up to certain size. Luxury, newly built properties are subject to 21 % VAT. New commercial properties are also subject to VAT of 21% of the sales price. This year there is a new VAT introduced on construction plots with utility networks, also with the base rate of 21 %.

Still Czech republic is one of the countries with lowest tax burden in the area of real estate. Annual tax on real estate is negligible, there is no inheritance tax among close relatives. Hotels, apartment houses and other commercial properties are often sold via Czech registered companies to avoid paying property transfer tax of 4 %.

Chateaux in Czech republic

Castles and chateaux offer to their buyers possibilities that other types of real estate cannot match. Villas, even the large ones, or farm houses do not have so large gardens, they do not have something you could call park with grown up trees. Castle parks are cheaper then similar land in such locations. The reason being that these parks are protected as cultural heritage and their owners cannot charge for them as high prices as they would charge for land that could be built on.

If you want to use the chateau for business purposes then it would be more sensible to buy a property in need of reconstruction and write the cost off from your taxes. If you intend to purchase the castle from your private funds then we would certainly recommend to buy a chateau that has already been refurbished. There are refurbished chateaux on the market where the purchase price is lower than if you tried to do the refurbishment yourself. The only exception could be the case where you are yourself a professional engaged in reconstructions of historical monuments. Nice refurbished chateau you can buy for 20 - 30 mil. CZK and you can start using it right away. There are properties costing some 13 mil. CZK that are still immediately inhabitable. And then there are of course castles for as low as 4 mil. CZK or on the other end castles for 120 mil. CZK and more.