Laws that favour landlord and a massive shortage of property are two of the reasons why prices have continued to rise in the Czech Republic despite a global credit crunch claims PragueProperty4Less MD Damian Qualter. Other reasons include high capital growth and no capital gains tax.

Qualter said: “We have been inundated by requests from our 20,000+ list of subscribers to find opportunities to invest in property that will give excellent returns and low-risk. We have been selling property in the Czech Republic now for over four years and have had excellent feedback from those who have already invested - many making double-digit returns annually.”

And he believes there is no sign of the bubble bursting. “The market is booming - the Czech Republic is becoming a powerhouse throughout Eastern Europe. The economy is growing at 7 percent pa. There is a massive shortage of new property being built to replace the crumbling Panelaks (former State controlled housing).

“The 25-40 year olds are now aspiring to live the lifestyles of their European counterparts. Estimates from the Czech Statistical Offices reveal the need to build 50,000 new dwellings annually until 2010,” added Qualter.

The legal system is easy and in favour of the landlord (currently 90 percent of the population lives in the state controlled housing sector. Rents can be freely agreed and if the tenant fails to pay they can be quickly removed at their expense.

The Czech Republic offers low transaction costs to buying property from other countries. There is the added benefit of no CGT if the property is held for 5years +.
Property Investment in Prague offers excellent opportunities for those wanting to spread their risk.

“We currently have properties in the 2nd and 3rd cities starting at £30,000,” said Qualter.

• An increase in health tourism is one of the growing industries that could benefit Fly to let landlords in Costa Rica, Malaysia, Panama, India and Brazil.

The countries have been named as the top five destinations for people travelling abroad to have cosmetic surgery that is too costly back home and patients often want to rent somewhere to recuperate and heal after treatment.

There is also a market for medical staff from other countries looking for high quality rented accommodation.

The five destinations are most popular because of their advanced, high quality health services, and low costs.

Malaysia and India attract people from all over the world, as do Costa Rica Brazil, and Panama, but the latter three attract the most U.S. citizens, because of the above reasons as well as their Americanised cultures.

Costa Rica's medical tourism industry is one part of the economy that has been growing lately, and experts predict this is a market sector that will continue to see growth for the foreseeable future, especially given that these places are developing people's trust having been popular with medical tourists for a few years now, and benefiting from word of mouth. Trust is an integral part of a developing country becoming popular with medical tourists.

David Stanley Redfern Ltd says that for countries like Costa Rica to maintain their reputation as a medical tourism destination, they must make themselves attractive to specialist surgeons from more advanced countries. To do this they rely on the ability to provide high quality rented accommodation.

Costa Ricans readily boast that their country has no need for an army, the country is so peaceful that schoolchildren oversee election parades, and there are more doctors in the country than policemen and women.

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