| Privatisation of
formerly State-owned land offers an opportunity
unique to the place and time. Land that is being
sold for the first time by the State is often sold
for well below the market price. By working with
local partners and residents, we are able to secure
options on land for prices well below the market
value. We are then able to sell the land in two
years at or above its market value. Land is sold
for commercial or private use. The Czech Republic
has a long tradition of people having summer houses,
and there is a strong market in buying land for this
purpose. This can also be seen in and around ski
resort areas. The market is driven both by an
increase in disposable income, and by much of this
land never having been available for purchase
before.
While very simple, land remains a very effective
investment in the Czech Republic. Because the
investment is so simple, it is also carries reduced
risks and much lower overheads. Yet, economic
development is leading to expansion of cities and
increased use of land around the suburbs.
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