The majority of residents in the Czech Republic feel positive about the country's current economic situation, a recent poll revealed.

CVVR, the Czech public opinion research centre, has found that nearly three quarters of locals are optimistic about the current economic atmosphere in the country.

This positive appraisal of the Czech economy puts the country third in the CVVR's rankings of nine monitored states, behind frontrunner Germany and second-placed Austria.

A favourable economic atmosphere is likely to boost the country's appeal as a foreign investment destination.

With many manufacturers already flocking to the country thanks to lower labour and production costs, the Czech property market is also drawing foreigners.

And it is not just the capital Prague that is popular among investors, with areas outside the city also booming.

Most recently, real estate funds in the country have been under the spotlight, with many more local buyers expected to enter the market as a result.

Czech bank Ceska Sporitelna has launched its first real estate fund earlier this month through its subsidiary Reico.

And the developers behind the fund are convinced that it will offer the opportunity to enjoy impressive returns on investment in the current property market.

Commenting on the launch, Reico chief executive Tomas Trcka said that if the real estate market remains stable as expected, investment into property funds could yield between four and seven per cent a year.

"Investment into real property represents a relatively safe mode of investment, with an expected yield slightly above the level of bond funds," he said.