Prague Off plan property

This section is designed to answer some of the most frequently asked questions and to clarify a few concepts to those who are new in the property investment business. We hope you will find this page useful.

Should you have any other questions please feel free to email us! info@pragueproperty4less.com

Why should I join PragueProperty4Less?
What is the Process to reserve a property?
What happens if there is a property crash?
What happens if interest rates rise?
Once I have paid my initial Administration fee and Reservation fee on my first property, what other fees do I have to pay?
How many properties can I buy from PragueProperty4Less?
What happens if my flat is empty for a period?
Can I use my own solicitor or mortgage broker?
Is it a good time to invest in property?
Do I pay tax on my property profits?
Who will manage my properties?
Do you just sell Prague properties?
Do you offer investment advice?




Why should I join PragueProperty4Less?

We are professional property investors who understand the whole investment process. I have personally accumulated £1m in equity in less than 2 years starting from scratch. Ask any of our competitors how many properties they own! This business has arisen from the fact many close friends and colleagues have asked us how we have achieved our success so quickly. By request we want to show others how they could achieve financial freedom. I am happy to show any one copies of my accounts to back up my claims.

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What is the Process to reserve a property?

We will inform you in one of our property alerts delivered in a form you have chosen; usually by email. You can then either phone, fax or email your choice and send us your reservation fee. We will hold properties for a maximum of 72 hours. If we have not received your reservation fee by then we will offer the property to other group members.

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What happens if there is a property crash?

It is highly unlikely that there will be a price crash. Property in Prague has experienced double-digit growth for the past 5 years. This is set to continue in the future due to the shortage of new build properties being built.

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What happens if interest rates rise?

We have recently had the first interest rate rise in a number of years. It is predicted that rates may rise again slightly before stabilising. In times when there interest rates rises, rents, as a product of falling property sales, rise too. In any event there are a number of options when choosing a suitable mortgage that can have a fixed interest rate option.

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Once I have paid my initial Administration fee and Reservation fee on my first property, what other fees do I have to pay?

You will be required to pay part of your legal fees, valuation fee and residency fee. A full breakdown will be supplied with a timetable of due dates for every property purchase.

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How many properties can I buy from PragueProperty4Less?

As little or as many as you wish. We cater for a broad investor base who wants to acquire properties at a rate that is comfortable to them.

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What happens if my flat is empty for a period?

We work closely with our lettings partner in Prague to ensure all properties we supply are in high rental demand areas.

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Can I use my own solicitor or mortgage broker?

We insist that you must use our own solicitor as when we are dealing with developments with several purchasers we hope you appreciate that we need to get information from one source. Our professionals are experienced in the various ways we finance property transactions.

As regards mortgage brokers, we can recommend our own brokers who act for our own property transactions. We suggest that you contact our brokers and have a "fact file" with them to discuss your requirements.

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Is it a good time to invest in property?

Yes -we believe that our experience and the discounts we negotiate still make investing in property very attractive.

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Do I pay tax on my property profits?

Unfortunately you do - BUT we can recommend our advisors who will help minimise the amount of tax you pay legally and can help you formulate the correct property "vehicle" for your portfolio.

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Who will manage my properties?

There are a number of options dependent upon your own personal circumstances. We are happy to advise you individually on the various options available.

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Do you just sell Prague properties?

No we have properties from all over the world. If we feel that there is a particular deal that is particularly attractive we will offer it to our investors. We are currently looking at deals in the USA, South Africa, Cyprus, Spain, Portugal, France and Brazil.

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Do you offer investment advice?

No, we only offer our members current property opportunities. We are not legaly qualified to offer investment advice.

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