You have never bought a property online? Never mind. Believe us, it is possible. You've been buying travel tours and TVs on the online shop for a long time, so why not an apartment? Just a few clicks and the property is yours. Most documents are processed electronically.
We are currently focusing on the Region of Moravia-Silesia, northern and southern Bohemia and Vysočina.
We tastefully renovate each property after purchase. It will not need any further investment for a long time and the tenants will just rush in. Exceptionally, we buy apartments that are already renovated.
On the LUSQ website you can see the offer of properties for sale. Simply put your chosen apartment in the shopping cart, fill in the necessary information, pay the reservation fee of CZK 9.990,- and no one will take it away from you. In your email you will then receive all the necessary documents and instructions on what you need to sign and how to pay the purchase price.
If you choose self-financing, you will acquire the apartment by default into personal ownership. If you choose LUSQ Financing, you hold the apartment in the form of a cooperative share, the so-called LUSQ SPV.
LUSQ SPV is a special purpose vehicle - a cooperative on behalf of which LUSQ first purchases the apartment and where it then sells the cooperative share corresponding to the selected property to the buyer. Simply put, the new owner owns a membership share in a cooperative that owns 100% of the property. The principle is the same as when you buy a cooperative apartment.
Given that these are rental and profit generating properties, ownership through a LUSQ SPV has many practical advantages. You don't have to take out a loan to buy an investment apartment, a cooperative share can be transferred faster than a private ownership property and is not subject to acquisition tax. That tax may be cancelled now, but that may not last forever :)
You can buy an investment apartment for a price from CZK 300,000.00. It depends on the specific location and the offer.
Each apartment has a pre-arranged credit facility, up to 60-70% of its value. The new owner does not need to provide evidence of anything else and just takes over the property with the loan.
LUSQ first buys and renovates the property with its own funds. It then takes out a loan from the bank and partially refinances its own capital. The membership interest in LUSQ SPV passes with the loan to the new owner, unless of course the owner wishes to buy the property only with his own money. The apartment loan drawn down is equal to the amount of the outstanding annuity.
LUSQ SPV uses a standard bank loan for legal entities - housing cooperatives.
The assets of LUSQ SPV are pledged to the bank against the loan taken out.
Yes. The new owner owns a membership interest in LUSQ SPV, which corresponds exactly to the property purchased. If the cooperative member has paid off the annuity, it is of course possible to transfer the apartment to private ownership after the end of the LUSQ service. If you finance the property with your own funds, you acquire the apartment directly into private ownership.
Yes, you can see the property in person upon agreement.