Casino

Why Is Real State Business In Prague Hiking Up?

If you’re thinking about moving to a European city, the below-mentioned points will help you decide to buy retail space in Prague. Included are essential factors that make Prague different from other cities and how it’s an excellent choice for ex-pats.

Prague is unlike any of its Western counterparts; it has its own unique culture, food, art, and architecture. As a result, it might seem like a strange choice for international travelers. But looking into the Czech Republic should be a significant consideration in your international relocation plans.

Cheap Living

Prague is an affordable place to live. A big part of this is the low cost of living. The average person in Prague gets by on only $2,000 a year (Euros). And they manage to live comfortably without going into debt. The unemployment rate in the Czech Republic is very low at around 4%. And it falls below 3% if you look at just Prague alone.

This means that there are many opportunities for those who want to work for themselves. You can get a great apartment in the city center for just $400-$500 a month. There are lots of things to see and do without spending much money.

You can quickly get a furnished apartment in the city canter for under $600 a month. This is very affordable compared to other major cities like London or New York, where you will quickly pay triple this price for an equivalent apartment.

The Benefits of a European Lifestyle

As previously mentioned, Prague is an affordable place to live, but it’s also an incredibly safe place. One of the common metrics used when assessing safety is the crime index. When looking at these indexes, it’s essential to look at the murder and robbery rates.

The murder rate in the Czech Republic is around 0.5-1 per 100,000 people, comparable with many other countries. This means that you’re very unlikely to be a victim of crime, even when living in Prague by yourself. There are also low unemployment rates in Prague which means that you can find a job.

It’s also pretty easy to cross borders into other European countries without a passport. Many countries within the EU have reciprocal agreements to allow citizens of one country to work visa-free or visa-free for only a short period (usually six months).

Language

The most common language spoken in the Czech Republic is Czech, but English is widely understood too. All the major signs are written in Czech and English, and it’s possible to get by without knowing a word of Czech.

This is excellent news for ex-pats who aren’t confident with their language skills or those who don’t want to be taking language classes constantly. It means that they can immerse themselves in the culture quickly and learn how to think, speak and live like a local.

The main benefit of learning Czech is that it opens up many doors that might otherwise have been closed. You will also find much more opportunities if you can communicate with your neighbors and people at work.