Czech mining town becomes property hot spot

Czech Republic blue collar mining town Ostrava is set to be the next property hot spot in Eastern Europe, with analysts forecasting rental returns to fetch up to 8%. Louis Mann, sales director of property company Validus, said: "Traditionally a blue collar mining town, Ostrava is attracting global corporations such as Hyundai, which is setting up assembly plants in the city. There is an acute shortage of rentable luxury accommodation for the middle managers required to run these new offices and factories, as most come from outside the area or country. A buy-to-let investment here can e...