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The purchase of the real estate objects is the most attractive and reliable investment. The increase of prices for the land and accommodation guarantee the steady income for the investor and give confidence in the future. The finds invested into the real estate are protected from collapse devaluation, are not exposed to the risk of criminal occupation, as, for example, a car or jewellery, are not affected by the currency exchange rates and share value fluctuations. Due to the accurate disposal such investments produce significant income and can be used as basis for mortgage financing.

The real estate in the Czech Republic is very popular among both local and foreign businessmen. Located in the centre of Europe, famous for its ecologic cleanness and stainless economic reputation, nowadays the Czech Republic offers relatively low prices for the high-quality accommodation built according to the latest modern standards. The Czech Republic is a doubtless leader among the countries of the Eastern Europe in respect of the investments into the capital construction. First of all this is due to the fact that in the nearest future the Czech Republic will join the European Union as a full member, and the prices for real estate will increase and the new owners will be able to gain significant income. According to the prognosis of the political scientists, due to the efforts of the government for strengthening of the authority and impetuous economic developments the capital of the country – Prague – will become the centre of international political and humanitarian activity and the residence for many international organizations and clubs. We have no doubts that this will come true considering the number of investment consortiums and intercontinental corporations introduced to the real estate market for the last year. In the first half of the year the increase of direct investments into the building industry was 26%!

Wenzel Group of Lawyers has significant experience of work in the real estate market of the Czech Republic. Our employees will provide you with all information about the actual situation in the industry, general price movement, specific character of the local requirements to the residential and nonresidential premises. They will prepare the offers for purchase/sale, short-term and long-term lease, maintenance, capital construction and reconstruction of the real estate, purchase of land as well as the marketing research according to your requirements to the real estate objects.

For the purpose of the required safety our company will provide you with all information in respect of the real estate objects selected for your investment, examine the national land cadastre for the certification of the true owners, absence of mortgage documents or court orders, prepare the expert opinion on the value of real estate objects and perspectiveness of investments in respect of approved town-planning projects and industrial development of the selected area.

We will render you overall assistance in the settlement of all legal issues connected with the purchase and lease of the real estate objects: drafting of sales, lease, contract construction agreements; arrangements for property administration while you travel outside the Czech Republic (municipal service payments, supervision over the condition, current repairs and so on); assistance in installation of the communication means (telephone, satellite television, cable communications, signaling, visual observation); estimation of the construction costs and/or maintenance, repair, purchase of materials, equipment installation and so on.

The services rendered by our company include the following:

Assistance in the search of real estate objects considering all requirements of the Customer, including financial possibilities

Execution of sales, lease, gift, mortgage agreements, translation of agreements into Russian

Registration of ownership rights in the national land cadastre

Database of real estate objects for purchase /lease

Examinations of the national land cadastre in order to establish the ownership rights in respect of the absence of mortgage documents for the real estate and credits secured by such real estate

Expert appraisal of the market value of the offered real estate objects

Trust and maintenance of real estate objects including the municipal service, guard system and other payments.

Assistance in installation of the communication means, cable communications, connection of the electric power, installation of counters, heating, receiving of all required permissions and homologation certificates

Actual monitoring of prices for real estate objects

Mortgage credits

Complex property insurance services

Investment programs

Consultations

WENZEL GROUP OF LAWYERS can help you to receive the bank credit for the purchase of the real estate at the rate of 70% of the fixed property value for the period of 5-20 years with low annual percent (3.5-5%). At that you do not need to look for the security as the credit shall be secured by such real estate object.

You should bear in mind that the shortest way is not always the best way. We are aware of the facts when the foreign buyers have been deceived by their former nationals. For example the buyer paid for the house personally, and after that he discovered that the person acting as the seller had not been entitled to do so.

There are a lot of agents that are not entitled to carry out the transactions with the real estate objects in the Czech Republic and they attempt to offer the fraudulent services. In many cases if the Customer is a foreigner the retainers are overstating.

The services rendered by Wenzel Group of Lawyers will be cheaper and more reliable!

E-mail: register@wenzelgroup.com