Apartment in Prague (Czech Republic) by rental cost

Do you think it's not realistic to buy an apartment by rental cost? You should be surprised, it is possible in the Czech Republic.

Everything works in the following way: You make a minimum contribution for the apartment to the developer, then live in the apartment and pay the rent during a year, thereby confirming your paying capacity. After the year of the lease, you get a mortgage, which is paid, for the frequent, not higher than the value of the real estate lease.

For example:
You buy real estate worth 100 000 €: Make the first contribution of 3%-3 000 €, after that you pay rent during one year-about €450 a month, and after a year, without undue delay, you get a mortgage-payment from €500 per month (that means, in 15 years, you'll obtain the ownership of the apartment).

If this option if not a good fit for you, there are many other options to get mortgage on other terms.

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