PURCHASE AND FINANCING PROCEDURE
The client concludes a reservation contract with the developer and pays a reservation fee:
CZK 200,000 for houses
CZK 100,000 for apartment units
Future Purchase Contract
After the last building permit for the realization of the reserved property and related infrastructure has come into force, the developer will ask the client to conclude a future purchase contract and to pay the first instalment of the purchase price in the amount of 15% of the total property price including VAT and less the reservation fee already paid.
In the future purchase contract, the client undertakes to pay the remaining part of the purchase price (85%) after:
the completion of the property and the issuance of the building approval, and
the successfully completed technical pre-takeover of the property.
The purchase contract is then signed and entered into the real estate cadastre (the Land Register) and the property is ready for handover.
FINANCING AND MORTGAGE
Are you not sure about the financing or do you just need a non-binding consultation? Do not hesitate to contact us! Our professional advisers will be happy to discuss your options with you and present the offer of advantageous mortgage loan terms, which we have negotiated for our clients with leading Czech banks.More info