| The Prague property market has and
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| | purchased for the short-term rental
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| continues to see overwhelming demand from
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| | market. Each quarter in 2005 averaged 950
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| both foreign and local investors. And who
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| | 000 tourists. It is rare to find in
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| wouldn't like to own a property in this
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| | Prague private accommodation for under 1
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| fairytale city that pulls at your heart
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| | 400 CZK/night. It only goes up from
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| strings and attracts major foreign
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| | there. A well-located apartment with a
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| investors on the basis of economics.With
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| | professional marketing and management
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| the Czech economy running red-hot, in
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| | company can make an excellent return.What
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| fact, at a stunning 6% last year (2005
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| | other major investment news is there that
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| GDP), there is good reason to consider
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| | affects your decision as an investor?
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| this beautiful capital as a strong
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| | Here is a selection from 2005 and
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| investment choice. Czech Republic's
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| | newer.Other Investment News (from
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| results far outstripped the average EU
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| | CzechInvest and other news sources)March
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| GDP growth of 1.6% and those of Hungary
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| | 2005: Czech airlines (CSA) is
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| (4.1%) and Poland (3.2%). Slovakia alone
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| | establishing a new repair center in
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| equaled Czech Republic in terms of
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| | Prague. It will eventually employ up 400
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| growth.Economic Indicator - GDP 2000
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| | specialized aviation mechanics and other
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| 3.9%2001/2.6%2002/1.5%2003/3.7%2004
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| | technicians. 1.35 billion CZK will be
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| 4.0%2005/6.0% Not only was 2005
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| | invested into setting up the
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| extraordinary in terms of Czech GDP
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| | facility."The project for this new repair
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| growth but also with the sheer number of
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| | center is based upon CSA's long-term
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| new investment projects and with this,
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| | strategic plans for developing its
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| the total foreign investment (FDI). Total
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| | technological base camp for airplane and
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| FDI in 2005 was more than 263 billion CZK
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| | aircraft component maintenance and repair
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| (11 billion USD) which is the highest
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| | in close proximity to the international
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| figure in history in terms of dollars and
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| | Prague - Ruzyne airport," says CSA
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| second highest in terms of CZK.Economic
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| | president Jaroslav TvrdikApril 2005:
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| Indicator - FDI (USD billion) 2000
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| | Scottish company Incline opened its
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| 5.02001/5.52002/8.42003/2.62004/4.02005
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| | high-tech centre in Prague-Letnany which
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| 11.0 However, what does all of this mean
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| | services flat LCD notebooks, LCD
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| with regard to the residential property
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| | televisions and plasma screens. 165 new
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| market?Higher GDP usually translates into
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| | jobs will be created at its new
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| higher disposable income for the
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| | center."The growing demand of our
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| population. Much of this increase is
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| | customers in the European region induced
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| focused on Prague where the average gross
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| | us to increase our capacity and build a
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| monthly wages was 23 000 CZK as compared
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| | repair centre right in Central Europe,"
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| to the national average of 18 900 (Q3
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| | said David McKinney, Executive Director
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| 2005).Also, unemployment is much lower in
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| | of Incline Global Technology Services,
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| Prague compared with the rest of Czech
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| | and added: "The Czech Republic was chosen
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| Republic. The national average is 9% and
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| | because of its excellent infrastructure
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| Prague's is 3.25% (Q3 2005).Even the
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| | and its experienced labour pool. I trust
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| sheer number of tourists in Prague
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| | that we will succeed in building a
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| affects property prices as some are
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| | world-class centre here.
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