I’ve been living in Prague for 17 years and know all the ins and outs of the local market. I’ll help you secure a safe and profitable deal – with no hidden pitfalls!
Cheap but Risky: What Do Such Apartments in the Czech republic Hide?
Today, we’ll analyze a property listed on the popular website Sreality.cz that can neither be rented out nor provide comfortable living conditions.
A four-room apartment for €22,000 sounds like a great deal. But why is it so cheap? It’s located in Litvínov—a city with high unemployment, crime-ridden areas, and poor environmental conditions due to petrochemical plants. For example, in the Janov district, many buildings are in a state of disrepair, and the crime rate is off the charts.
Such housing is difficult to rent out—there simply aren’t any decent tenants. Living there is also problematic due to unsafe streets, weak infrastructure, and low quality of life.
When buying real estate, it’s important to consider not just the price but also the real situation in the area. There are many “bargain” offers in the Czech Republic that turn out to be failures in reality. If you want to make the right choice, feel free to reach out—I’ll help you navigate the market’s nuances and find a reliable option!
If you’re planning to buy, sell, or rent property in Prague, feel free to reach out.
Alexandra Kurbanova – real estate agent in Prague and suburbs.
Connect with me (Whatsapp, Viber): +420 606 171 876