Dutch property investors are quickly realising the advantages of purchasing real estate in the Czech Republic as tourist levels rise.

Weekly magazine Tyden reports that increasing numbers of Dutch-based investors are buying property in the region because of the potential long-term gains and the favourable conditions.

In particular, the Dutch have been attracted to the Krkonose mountain region and east and north Bohemia. Prices in the area are considerably cheaper than in other popular European holiday destinations and the mix of woodland and lakes provides a successful vacation resort. The close proximity of enticing ski resorts has also extended the traditional holidaying season and has boosted the demand for new-build high-quality housing.

The Czech Republic is benefiting from renewed interest from overseas investors since becoming a full member of the European Union due to increased subsidies and infrastructure funding. In addition, the creation of a number of regular low-cost flights services to the country means it is now more accessible for many European citizens.

Recent reforms by the Czech government also mean that the process of purchasing property in the region has been transformed due to the relaxing of regulations for foreign ownership. This has helped to boost the level of overseas investment significantly and made the process of buying property in the region straightforward for EU citizens.

Other reforms have introduced favourable tax legislation for investors and have also enabled the development of the Czech Republic's international profile and support its ongoing economic growth.