16. July 2020
Svoboda & Williams Is Launching the Sale of the Second Phase of the Na Pramenech Residential Project
The sale of houses in the Na Pramenech residential project, which, once completed, will result in a new neighborhood in Prague 9, is entering its second phase. There are now 17 additional three-bedroom to four-bedroom homes available. The houses in the second phase will be move-in ready in summer 2021.
The Na Pramenech project will be a welcome addition to the Prague housing market at a time when the demand for houses that connect the exterior to the interior can be expected to grow. The fact that clients can purchase a house with its own garden for the current price of an apartment without a balcony or terrace in the wider center of Prague plays a large role in their decision-making process. “The prices of apartments in Prague are already so high that it makes more sense for people to own a smaller terraced house further away from the center,” notes Vanda Böhmová, real estate agent at Svoboda & Williams.
The rough construction of the houses in the second phase was completed in May, and so potential buyers can now view the various layouts offered in the Na Pramenech residential project. The houses in the first phase have roof coverings and the water supply system for the houses in all three phases has been laid. Construction work is therefore continuing according to plan.
The Na Pramenech residential project is an enclosed community of 77 terraced houses with gardens, plenty of green spaces, a kindergarten, and a children’s playground. The neighborhood has been carefully planned in order to create a friendly atmosphere, but still ensure plenty of privacy.
More information on the Na Pramenech residential project.
03. June 2020
The First of the Three Mountain Residences in Trio Harrachov Has Successfully Received Final Approval
The Cecílie apartment house, which is part of the Trio Harrachov alpine residential project, was completed at the end of spring and officially approved in May. The first mountain getaway is now move-in ready and so new owners will be able to enjoy their first summer in the Krkonoše countryside.
Once finished, the Trio Harrachov residential project will consist of three five-story residences that together offer a total of 44 mountain apartments. The Amálie and Beáta apartment houses are currently being built. In both, less than half of the apartments remain for sale, and only two apartments in the Cecilie residence are still available. Clients interested in buying an apartment in one of the Trio Harrachov buildings will no longer be limited to seeing buildings under construction, but can view a fully finished and approved building and acquaint themselves with its standards and facilities.
More information on the Trio Harrachov residential project.
23. April 2020
The Na Pramenech Residential Project Reveals That Interest in New Buildings Continues Even During the Crisis
Construction of the first phase of the family houses in the Na Pramenech residential project is successfully continuing despite the current crisis. Clients remain interested and viewings are still taking place.
Once finished, the modern Na Pramenech residential project will consist of 77 terraced houses. “Recently, we’ve noticed an increased demand for houses with their own garden in the medium price category. Clients who prefer new build houses are aware that the current situation is likely to exacerbate the insufficient amount of newly built residential projects in Prague,” commented Jana Volavková, real estate agent at Svoboda & Williams. The Na Pramenech residential project is being developed by the respected bdp development company.
As part of the first phase of the Na Pramenech residential project, 18 two-story family houses with a garden and a garage are being built. In April, the ceilings of the first floors were completed and windows started to be installed. The second phase began to be implemented simultaneously with the construction of the first phase and those houses will go on sale in the near future. New homeowners who purchased houses from the first phase won’t have to live next to a construction site after they have moved in. Since the sale of houses in the Na Pramenech project began while construction was at an advanced stage, clients will not be buying a house that only exists on paper, but can go see it in person. A show home will also be ready for viewing in a few months.
The Svoboda & Williams real estate agency has been exclusively retained to mediate the sale of houses in the Na Pramenech project.
More information about the Na Pramenech residential project.
06. April 2020
The first COVID-19 case in the Czech Republic was confirmed on March 1st, 2020. Since then, more than a month has passed and it’s been 4 weeks since a state of emergency was declared. Despite these circumstances, Svoboda & Williams has adapted to the situation and provided its services in full throughout the month of March.
All of Svoboda & Williams’s teams are complete and continue to be ready to provide all of our services as usual. Every segment of the real estate market without exception had to adapt to the current situation. Svoboda & Williams’ real estate agents offer real-time video property viewings through video calls, and many clients have taken advantage of this option. Our residential rental and commercial leasing departments responded by offering Flexi Rentals and Flexi Office Management services that reflect the new market demands.
In March, the Residential Sales Department registered a 20-30% drop in demand. The number of newly signed reservation contracts also fell by about 20% in the same time period. We nevertheless consider this to be positive news. It’s a good market for opportunistic investors, who can now benefit from discounts that would normally not be available. Our Property Management Department saw an increase in client interest in their services. For real estate agencies, the situation is not as bleak as the media makes it seem. However, one thing is already clear: the post-coronavirus market will a buyer’s and tenant’s market, at least for some time.
03. April 2020
Prokop Svoboda, owner of the Svoboda & Williams real estate agency, commented on the current situation in the Prague rental market for Hospodarske noviny.
The development of the past several weeks has disrupted the entire real estate market, including the rental segment. We could say that a landlord’s market became a tenant’s market practically overnight. More on the current situation in the Prague real estate market in this article in the opinion section of Hospodářské noviny.
26. March 2020
The coronavirus pandemic has affected all segments of the real estate market, including rental housing, and this doubly applies to the Prague short-term rental market, which, according to current statistics, consists of 14,000 apartments. Tenants are now likely to demand flexible relationships with landlords in this uncertain time. Svoboda & Williams is therefore launching a new concept of rental housing—Flexi Rentals—fully furnished apartments with flexible rental terms.
One of the first measures enacted after the global spread of the coronavirus was a complete ban on tourism. The full impact of this on the real estate rental market can only be speculated. Moreover, some form of regulation of this segment can also be expected. Housing units that have until now been used as accommodation for visitors and tourists are already starting to create a surplus in the selection of apartments for rent in the wider center of Prague. The market thus has to contend with an unprecedented disruption that will affect all landlords, including those who rent their properties on a long-term basis.
Svoboda & Williams has therefore come up with a solution for the rental market: Flexi Rentals. This new concept of rental housing offers landlords complete management services of their unused units, which also include furnishing them fully. “Tenants will be able to sign contracts for a rental period that suits them and won’t have to worry about procuring furniture. We believe that this type of rental option will be greeted positively by people due to the current situation,” adds David Šimeček, Head of Residential Rentals at Svoboda & Williams.
23. March 2020
Due to the current recommended preventive measures that aim to minimize personal contact, in addition to standard property viewings Svoboda & William real estate agents are now offering real-time video property viewings. Clients can tour the property from the comfort of their own homes via WhatsApp, FaceTime, Skype, Messenger, and other apps.
“Video viewings are nothing new to the real estate market, however, the current situation has forced us to take a more innovative approach to property viewings. Just like they would schedule a normal viewing, our brokers arrange a video call with clients at a set time. Unlike previously filmed property tours, the advantage of this format is that the broker can interact with the client in real time,” explains Michaela Koudelová, Sales Department Manager.
Please contact Svoboda & Williams if you’d like to schedule a real-time video viewing and our brokers will explain the process to you. Standard property viewings are still available for clients who prefer a more direct contact.
16. March 2020
Svoboda & Williams has been exclusively appointed to launch the sale of the family houses in the Na Pramenech residential project created by bpd development on the border of Čakovice, Letňany, and Ďáblice. This new neighborhood will consist of 77 houses designed by the ADR architectural studio.
The Na Pramenech project is a residential complex that will be separated from the main road by a varied terrain. Future residents will appreciate the clever urban arrangement of the new neighborhood, its abundance of greenery, plenty of privacy, and relaxed friendly atmosphere. The houses come in compact three-bedroom to five-bedroom layouts tastefully connected to their gardens with a terrace.
Since the houses in the Na Pramenech residential project are emerging in a peaceful corner of Prague 9, they offer excellent connections to the city center and the surrounding nature. Two shopping centers, bike paths, hiking trails, forest parks, and schools can all be found in the project’s immediate vicinity. The complex will also include a kindergarten and playground.
The Na Pramenech residential project is being constructed in 4 phases. The first phase is scheduled to be completed in the spring of 2021.
The official website of the Na Pramenech project.
15. March 2020
Based on an exclusive instruction, Svoboda & Williams is launching the sale of units in the Viladům Vršní residential project. The six-story residence currently being built on the southern slope of Kobylisy will offer stylish living within easy reach of the center of Prague.
The boutique Viladům Vršní apartment house consists of 17 studio to three-bedroom apartments, 2 non-residential premises on the ground floor, and 2 underground floors used as a parking garage. Each apartment will come with a winter garden, terrace, balcony, or loggia. Thanks to the building’s location atop a slope, the upper levels will be able to enjoy beautiful views of the Prague panorama.
Viladům Vršní is situated in a neighborhood that has managed to preserve its small-town atmosphere and is home to a wide spectrum of civic amenities and services nearby, including a kindergarten, an elementary school, shops, playgrounds, sports opportunities, and several parks. Another advantage of the location is its easy access to the center of Prague by public transport and by car.
The Viladům Vršní is scheduled to be finished in Q4 2020.
Official website of the Viladům Vršní project.
17. February 2020
The Svoboda & Williams real estate agency has published its fourth Market Report, which analyzes the situation in the premium segment of the Prague residential real estate market in the second half of 2019. The most significant event of the previous year was Svoboda & Williams’ expansion to the Slovak market, and so this issue has a Czecho-Slovak theme and is published for the first time in Slovak.
The analysis contained in the Market Report is based on data from the sales and rental transactions conducted by Svoboda & Williams. Complemented by sales data obtained from the Cadastre of Real Estate with parameters that correspond to the portfolio of Svoboda & Williams, a comprehensive overview of sales and rental prices on the Prague premium residential market has been created. The Market Report also summarizes the events on the Prague real estate market, placing it within the context of the domestic and international economy. On the occasion of Svoboda & Williams’ entry on the Slovak market, the topic of the report’s Focus section this time is Bratislava.
In the second half of 2019, Svoboda & Williams recorded the following trends in the premium property segment:
- Rising demand from investors is putting pressure on property prices, causing them to increase
- Rising construction costs and premium standards of completion lead to an increase in prices in the premium real estate segment
- The average achieved price per sq. m. of the properties monitored by Svoboda & Williams had a year-on-year increase of 3%
- The number of projects whose construction began in 2019 rose by 102%
- The supply in the premium segment remains stable, it only decreased in the segment of more affordable apartments
- Demand weakened slightly due to tenants’ lack of motivation to move
- Increase of the short-term rental offer
An integral part of the Market Report is also a detailed analysis of sales and rental prices on the Prague premium residential market. It is based solely on data from realized, not asking, prices. Svoboda & Williams therefore created the Rental Price Index of S&W + VŠE analytical tool in cooperation with the Faculty of Informatics and Statistics of the University of Economics in Prague.