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Purchase a flat and rent it out - continued

In Prague it would be best to buy a two room apartment in the quarters adjacent to centre, or on the outskirts where there is a good transport connection e.g. metro or tram. Your most likely tenants would be young couples that do not have enough money to co-finance the purchase of their own apartment. The banks are no longer ready to fully finance the purchase with mortgage. If you have cash you are at an advantage. If you are looking for a long term rent you should offer your flat unfurnished. The tenant that has purchased furniture into you apartment would be less inclined to move to another flat. If you want to use your apartment for short term rentals you have to furnish it. You will be getting higher monthly income, you just have to spend more time to service the flat.