How expensive are utilities in Karlovy Vary?

On average, apartment maintenance in the Czech Republic costs €100-200 per month. However, in Karlovy Vary it can reach €275, depending on the number of people living in the apartment, property type, and size.

Can foreigners get a residence permit by buying real estate in Karlovy Vary?

The same rules apply for Karlovy Vary as the rest of the country regarding residency through property purchase.

Do investors need to pay taxes and fees if buying property in Karlovy Vary?

It is necessary to pay property registration fees of 0.01–0.02% of its value, while the agency commission is 2-5%. Legal support totals about 1% plus 21% VAT.

What are the average yields of commercial real estate in Karlovy Vary?

Residential long-term yields are about 5%, while short-term rental yields are 8-9%. For example, the expected yield of a three-star health (balneological) spa hotel with 45 rooms is 8%.

Why is Karlovy Vary real estate attractive for investors?

Karlovy Vary is located near many tourist spots and therefore more likely to attract tenants. Due to its popularity as a spa resort, holiday homes, accommodation, and rental property for tourists are the leading real estate segments. Property prices are also relatively low.

What are residential property prices like in Karlovy Vary?

An apartment with 40-50m² of floor space in Karlovy Vary costs at least €120,000. Apartment prices range from €900-1,300/m². Detached houses in Karlovy Vary cost from €1,250-1,600/m². Prices depend on the condition of the property, location, size and among other things.

How much does location affect real estate prices in Karlovy Vary?

Property prices on the outskirts of town are lower compared to the historic centre. More spacious apartments located closer to landmarks and spas are usually available from €120,000. Spacious houses in central Karlovy Vary are just as expensive as in Prague.

2 Hotels for Sale in Karlovy Vary from 50,000€

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Price

Yield

Abs. return

Area

Year of construction

Spa hotel in Karlovy Vary, Czech Republic

Price on request

Yield

—

Abs. return

8,368,000 €

Area

7,146 m²

Year of construction

1900

Hotel in the spa area of Karlovy Vary, Czech Republic

Price on request

Yield

—

Abs. return

6,796,000 €

Area

30,526 m²

Year of construction

—

Similar facilities nearby

Price

Yield

Abs. return

Area

Year of construction

Hotel in the suburbs of Salzburg, Austria

37,500,000 €

Yield

4.5%

Abs. return

1,690,000 €

Area

11,000 m²

Year of construction

2022

Hotel in Tirol, Austria

6,700,000 €

Yield

—

Abs. return

—

Area

960 m²

Year of construction

2008

New hotel in the airport area, Hamburg, Germany

13,150,000 €

Yield

4.75%

Abs. return

624,960 €

Area

2,400 m²

Year of construction

2022

New apart hotel, Hamburg, Germany

21,800,000 €

Yield

5.5%

Abs. return

1,205,010 €

Area

5,500 m²

Year of construction

—

Hotel under construction in Hamburg, Germany

60,057,000 €

Yield

4.3%

Abs. return

2,611,000 €

Area

16,000 m²

Year of construction

2023

Hotel, Munich, Germany

21,800,000 €

Yield

4.1%

Abs. return

900,000 €

Area

2,800 m²

Year of construction

1973

Hotel and an office building, Frankfurt, Germany

46,200,000 €

Yield

5.4%

Abs. return

2,495,600 €

Area

13,140 m²

Year of construction

2017

Hotel, Wiesbaden, Germany

3,200,000 €

Yield

4.9%

Abs. return

158,220 €

Area

536 m²

Year of construction

1905

Hotel with a supermarket, Bavaria, Germany

14,500,000 €

Yield

4.8%

Abs. return

691,976 €

Area

5,177 m²

Year of construction

—

Hotel, Hamburg, Germany

70,000,000 €

Yield

5.0%

Abs. return

3,500,000 €

Area

10,116 m²

Year of construction

—

Ski Resort Hotel in the German Alps, Bavaria, Germany

22,000,000 €

Yield

—

Abs. return

—

Area

21,000 m²

Year of construction

1985

Hotel, Brandenburg, Germany

6,900,000 €

Yield

4.3%

Abs. return

300,000 €

Area

3,925 m²

Year of construction

1970

Hotel, Munich, Germany

21,700,000 €

Yield

5.0%

Abs. return

1,086,155 €

Area

4,895 m²

Year of construction

1983

Hotel with a 20-year lease in Frankfurt am Main, Germany

40,000,000 €

Yield

3.6%

Abs. return

1,440,000 €

Area

3,850 m²

Year of construction

—

Hotel near Frankfurt Airport, Hesse, Germany

7,000,000 €

Yield

—

Abs. return

—

Area

3,600 m²

Year of construction

2017

New hotel with a 20-year lease, Vienna, Austria

17,500,000 €

Yield

3.7%

Abs. return

647,500 €

Area

514 m²

Year of construction

2018

Hotel near the city center, Vienna, Austria

16,000,000 €

Yield

5.0%

Abs. return

800,000 €

Area

1,895 m²

Year of construction

1845

Hotel in the center of Baden-Baden, Germany

11,000,000 €

Yield

2.73%

Abs. return

300,000 €

Area

—

Year of construction

1978

New hotel, Bavaria, Germany

22,000,000 €

Yield

4.23%

Abs. return

929,760 €

Area

—

Year of construction

2022

Hotel in Hannover, Lower Saxony, Germany

20,000,000 €

Yield

3.6%

Abs. return

719,800 €

Area

—

Year of construction

2004

Hotel, Baden-Württemberg, Germany

4,000,000 €

Yield

—

Abs. return

—

Area

—

Year of construction

1991

Hotel, Bavaria, Germany

2,330,000 €

Yield

—

Abs. return

—

Area

2,780 m²

Year of construction

1994

Hotel near Munich Airport, Bavaria, Germany

5,250,000 €

Yield

6.4%

Abs. return

336,000 €

Area

—

Year of construction

1990

Hotel, Mecklenburg-Vorpommern, Germany

9,850,000 €

Yield

6.3%

Abs. return

624,069 €

Area

—

Year of construction

—

Hotel, Bavaria, Germany

2,400,000 €

Yield

—

Abs. return

—

Area

1,300 m²

Year of construction

1937

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Hotels for sale in Karlovy Vary

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