Compared with 2007, bank rates have increased on average by one percent and are currently 5.6% at an annual fixation. The scheme of our company and partners of the Czech banking structures allow get a mortgage on an individual (the director of legal entity) and this scheme a legal person is a surety for her as director. Just a surety may be other co-founder, said in a legal entity. Advantage and competitive advantage of the scheme before the scheme mortgages on the legal person is: a) the possibility of taking a mortgage to the maximum possible term-30 years, and b) more favorable annual interest rate, c) repayment of the bank to 85% of the appraised value of property d) Consideration of personal income verified by the employer in the community. When placing a mortgage on a legal person actually possibilities remain: a) the maximum loan maturity -15 years, and b) a high annual interest rate, and c) repayment of bank not exceeding 50% of the appraised value of the property, and d) consideration of income held by Bank and reflected in the flow of funds from personal account of the individual. It is important to note that these opportunities are available for foreign citizens, who may bring to the personal income from the employer of country in which he lives and works. Simple words in this scheme need not provide proof of revenue received in the Czech Republic.
We emphasize that while the Czech lawmakers passed a law on the possibility of acquisition of a foreign entity of the land or property without obtaining a permit to reside in the Czech Republic. Therefore, the condition for a citizen of any country of the European Union remains the presence of registered in the Czech Republic open the legal entity or a labor contract with Czech employers who are entitled to obtain a permanent residence permit in the Czech Republic (povolyna to pobytu). In simple words foreign citizen of the European Union, has been granted authorization by the police for foreigners to stay (this insert in the passport for an indefinite period) may acquire real estate or land to myself as an individual. Owner purchased a property in the database of Real Estate Cadastre Czech Republic will be registered to private individuals – itself a foreign citizen. Increase in annual interest rates, the cost of square meter or square meter of land on the one hand says that the Czech real estate liquidity and very popular in both Eastern and Western Europe and overseas, on the other hand, that these circumstances the real estate market and mortgage market cost of housing will increase and the annual rate mortgages also will rise. The conclusion that can be done at the time the article was one purchase of real estate in the Czech Republic remains economically viable and attractive investment plan.