Czech agricultural land just got more expensive

Happy 2011!
Anyone still planning to buy agricultural land in order to build on it will really wish they’d gotten around to it back in 2010, as the price for getting an exemption from the  agricultural fund just went up. That’s the word from the legal firm Wilson & Partners.

The Amendment was published in the Collection of Acts (Sbírka zákonů) on 28 December 2010 andbecame effective as of 1 January 2011. It will have substantial impact on all the upcomingprojects as in most cases the Payment shall be increased several fold.

Here’s the original. It might just be worth reading, seeing as some land could jump 9x in price.


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