I have bought in Prague 7 and also just south of Prague - the way the market has moved over the past year and with the current maturity of finance and currency markets in Czech, I doubt there is a better place to invest in the world!
I paid a lump sum to a company (i-property assets), who in turn source the best management/lettings firm and also sort any furnishings etc.. - a one stop shop. I am pretty sure all tax issues will be done through the management firm also.
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