At a time of global pandemic, selling a property can seem like a real challenge. Nevertheless, it is still possible to conveniently sell an apartment or house. In the Czech Republic real estate market, the Covid-19 pandemic has lowered rental prices and affected the entire real estate market. Mortgage rates have fallen, property acquisition tax has been cancelled – these changes are opening up new opportunities for buyers. Thanks to this, you can sell property for an interesting price - the demand still exceeds the supply. In our other articles, you can read more detailed advice on what to look for if you want to rent or sell your property. You will find there tips related to the preparation of your property, the price estimate, preparing your property for viewings, what to look out for when choosing a suitable tenant, how to make an ideal viewing, etc.
Pay attention to your health & safety
In view of the current measures due to Covid-19, it is currently possible to arrange a number of services at a distance by telephone or via the internet. Virtual video viewings became very common on the Czech real estate market, which helps a potential buyer to have a closer look at the property. In the end, a personal viewing is inevitable, because no one will buy or rent the property without seeing it. During viewings, it is necessary to observe strict hygiene rules in accordance with current government regulations. Make sure you have enough disinfectants available during the inspection. Follow the 3R rule (in Czech all words start with the letter R) – hands, masks, safe distance. Make appointments individually for only one person. Thoroughly ventilate the premises and disinfect the affected surfaces after each inspection of the property. If you use the services of a real estate specialist, you can avoid all these worries.
Expected development of real estate prices
What are the prospects for the future? The real estate market in the Czech Republic has been a bit slow, but demand is still higher than supply - especially in bigger towns, where there are more job opportunities. There is still a good opportunity, but it pays not to hesitate in the long run. There is still a group of people looking for a home to buy or others want to invest before the situation gets worse. Both groups can relatively easily take an interesting offer. For example, if you are going to sell a newly renovated apartment in a convenient location, you have almost won.
