During a global pandemic, selling real estate may seem like a real challenge. However, it is still possible to sell an apartment or house at a good price.

In the Czech Republic, the coronavirus pandemic has reduced rental prices and affected the entire real estate market. Mortgage rates have fallen and the real estate acquisition tax has been abolished, opening up new opportunities for prospective buyers. This means you can sell your unused property at an attractive price, as demand still exceeds supply.

In our other articles, you can read more detailed advice on what to focus on if you want to rent or sell your property. You will find tips on preparing your property, estimating its price, preparing a presentation of your property, what to look out for when choosing a suitable tenant, how to conduct the ideal viewing, and more.

Pay attention to your safety

In view of the current measures due to the coronavirus, it is currently possible to arrange many services remotely by phone or via the internet. Video tours are common in the real estate market and help potential buyers get a more specific idea of the property. However, a personal tour is ultimately necessary, because no one will buy or rent a property without seeing it.

During tours, strict hygiene rules must be followed in accordance with current government regulations. Make sure you have enough disinfectant available during the tour. Follow the 3R rule – hands, masks, spacing. Arrange appointments individually for only one interested party at a time. After each tour, thoroughly ventilate the room and disinfect the surfaces concerned. If you use the services of a real estate agent, you will not have to worry about any of this.

Expected development of real estate prices

What are the prospects for the future? There is a slowdown in the real estate market, but demand is still higher than supply – especially in larger cities where there are more job opportunities.

There are still good opportunities out there, but it pays not to hesitate in the long run. There is still a group of people who are looking to buy a home or want to invest before the situation potentially worsens. You can attract both groups relatively easily with an interesting offer. For example, if you are planning to sell a newly renovated apartment in a desirable location, you are almost guaranteed to succeed.