Investment Real Estate in Ostrava
Ostrava property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Ostrava .
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Search Map of Ostrava Investment Real Estate
Ostrava (Czech pronunciation: [ˈostrava], locally: [oˈstrava] (listen); Polish: Ostrawa; German: Ostrau, German pronunciation: [ˈɔstʁaʊ̯] (listen); Silesian: Ôstrawa) is a city in the north-east of the Czech Republic, and the capital of the Moravian-Silesian Region. It has about 285,000 inhabitants. It lies 15 km (9 mi) from the border with Poland, at the confluences of four rivers: Oder, Opava, Ostravice and Lučina. Ostrava is the third largest city in the Czech Republic in terms of both population and area, the second largest city in the region of Moravia, and the largest city in the historical land of Czech Silesia. It straddles the border of the two historic provinces of Moravia and Silesia. The wider conurbation – which also includes the towns of Bohumín, Havířov, Karviná, Orlová, Petřvald and Rychvald – is home to about 500,000 people, making it the largest urban area in the Czech Republic apart from the capital, Prague.
Ostrava grew in importance due to its position at the heart of a major coalfield, becoming an important industrial engine of the Austrian empire. During the 20th century it was known as the “steel heart” of Czechoslovakia thanks to its status as a coal-mining and metallurgical centre, but since the Velvet Revolution (the fall of communism in 1989) it has undergone radical and far-reaching changes to its economic base. Industries have been thoroughly restructured, and the last coal was mined in the city in 1994. However, remnants of the city’s industrial past are visible in the Lower Vítkovice area, a former coal-mining, coke production and ironworks complex in the city centre which retains its historic industrial architecture. Lower Vítkovice has applied for inclusion in the UNESCO World Heritage List.
Ostrava is home to various cultural facilities including theatres and galleries. Various cultural and sporting events take place in Ostrava throughout the year, including the Colours of Ostrava music festival, the Janáček May classical music festival, the Summer Shakespeare Festival and NATO Days. Ostrava is home to two public universities: the Technical University of Ostrava and the University of Ostrava. In 2014 Ostrava was a European City of Sport. The city co-hosted (with Prague) the Ice Hockey World Championships in 2004 and 2015.
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The financial stability of Ostrava has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.
Buy to Rent in Ostrava
Renting out your Ostrava buy-to-rent investment property can grow wealth and income.
Whatever your goals with investment property in Ostrava are – preparation is key.
With our expert guidance, investing in Ostrava provides the secure knowledge that your money is working harder than it would in a local Ostrava bank and that future generations of your family will be left with substantial capital growth assets.
We are always happy to advise on buying investment property in Ostrava, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Ostrava property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.
Flipping Investment Property in Ostrava
Flipping property in Ostrava
Flipping property is when we advise clients to buy a Ostrava property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Ostrava market has a time to react to the renovation.
The Flipping Strategy in Ostrava
Investment property flipping in Ostrava is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Ostrava real estate investments are sometimes referred to by professionals as ‘distressed’ Ostrava real estate.
What is distressed Ostrava property:
- Ostrava property in need of renovation
- Ostrava real estate with a change of purpose and use
- Oversold Ostrava property
- Bank repossessions in Ostrava
Put simply, long term investors in Ostrava purchase the property, renovate it and make it a lot more attractive to potential buyers.
Calculate profit that you make from Ostrava investment property flipping:
Final Selling Price less Cost of Purchase less Costs = Profit
Here is an example:
Ostrava property purchase price: $220,000
Renovation costs: $20,000
Other costs: $25,000
Property sale price: $400,000
Experienced property developers in Ostrava use a minimum profit value of 22% when looking at potential Ostrava projects. The reason for this is because there are lots that can go wrong in Ostrava property flipping and working on a potential margin of 22% should still leave a good margin of error.
Luxury Property in Ostrava
For luxury property investors hoping to add a superb property in Ostrava to their luxury real estate investment portfolio, Physis Realty is a trusted partner.
A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Ostrava, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Ostrava should be entrusted to only the highest-quality agency.