15. September 2020
Only two attic apartments remain for sale in the Orelská 13 Residence—a completely reconstructed Art Nouveau building situated in the popular neighborhood of Vršovice. Both apartments will be sold in a premium finished standard that includes quality materials and many designer elements. They are the most generously apportioned units in the project.
The renovation of the building from 1911 also comprised the creation of a new attic floor that was designed to offer two atypical apartments with indoor galleries, one with a two-bedroom layout and the other a three-bedroom. The attic apartments were drafted by the renowned Rangherka 5 architectural studio and boast clever arrangements and a novel industrial style underscored by casement windows, exposed brick walls, a combination of metal and wood, and glass partitions that divide yet fluidly connect the various rooms.
The attic apartments also offer practical facilities, such as discreetly hidden air-conditioning, brushed smoky oak floors, design staircases, large-format built-in wooden cabinets and shelves, and a fully fitted kitchen with a stone or Corian worktop. Both apartments also come with terraces that face a quiet courtyard full of greenery. Another amazing selling point is that they have two bathrooms—one on the lower level and the other belonging to the master suite.
More information about the Orelská 13 project.
14. September 2020
During the summer, Svoboda & Williams welcomed several new members. Most of the latest hires joined the Residential Sales Team, but the Commercial Leasing and Marking teams also acquired new colleagues.
The Residential Sales team welcomed three new Sales Representatives. Daria Rusavskaya has been working at Svoboda & Williams since 2017. She holds a master’s degree in international business and previously worked in the banking sector. Daria speaks both Russian and English. Kateřina Klausová received a master’s degree in media communication at the Faculty of Social Sciences of the Charles University and completed an internship at the University of Oxford. She has experience with acting and presenting, worked in the past as a producer, and has a golf handicap of 6. Veronika Karešová is currently studying for a master’s degree in international business. She has been working in real estate since the beginning of her studies and has experience in the residential as well as commercial sectors. Veronika speaks both English and German.
Lukáš Machula joined the Commercial Leasing Team as a Senior Leasing Consultant. He previously worked for Procházka & Partners and Penta Real Estate where he perfected his knowledge of the commercial real estate sector. Lukáš has a master's degree in international business at the University of Economics, Prague. The Marketing team welcomed Daria Kovun, who is now the agency’s Graphic Designer. She has a degree in marketing communication from the University of Finance and Administration and studied graphic design at Scholastika College. She is also an avid photographer and speaks both Russian and English. Agáta Drozdová is our newest receptionist. She is currently a student at the Faculty of Business Administration at the University of Economics, Prague.
13. August 2020
The Latest Market Report Analyzes the Situation in the Prague Premium Real Estate Market During the Coronavirus Crisis
The Svoboda & Williams real estate agency has published its fifth Market Report. The current issue studies the effects of the new type of coronavirus pandemic on the Prague residential and commercial property market.
After the outbreak of the COVID-19 pandemic, a frequently discussed topic was the influence of the global economic crisis on the development of Prague residential property prices, which have increased continuously for the last six years. As Svoboda & Williams’s analysis shows, the coronavirus crisis didn’t affect premium residential real estate prices in Prague during the first half of the year. In fact, the average achieved price per square meter had a year-on-year growth of 7.8%. As expected, the crisis did have an impact on achieved rents, which in the premium segment fell by 7.2% in the year-on-year comparison.
The current Market Report also addresses the following topics:
- The development of residential property prices
- The situation in the short-term and long-term rental housing market
- Possible fallout of the pandemic on the office market
- The growing demands for flexible rental relationships
The analyses published in the Market Report are based on the data on sales and rental transactions generated by the activities of Svoboda & Williams. These figures are supplemented by the real estate data obtained from the Cadaster of Real Estate, whose parameters correspond to the monitored sample. The Market Report relies exclusively on data based on achieved prices, which adds the price for parking and a proportional part of the exterior to the final calculation. To recalculate the exterior area, this methodology uses a specially developed algorithm that progressively reduces the exterior area and takes into account the ratio of the exterior to the interior space. Another useful analytical tool for a more accurate interpretation of the development of the rental market is the Rental Price Index of S&W + VŠE, which Svoboda & Williams developed in cooperation with the Faculty of Informatics and Statistics of the University of Economics in Prague. The source of the data for the Index is the actually achieved rental prices of apartments offered by Svoboda & Williams. It’s therefore a good illustration of how the suspension of the tourism industry affected rental prices in Prague.
11. August 2020
The COVID-19 pandemic affected the global economic system and the Bratislava real estate market was no exception. The number of new build apartments sold in Bratislava in the quarter-on-quarter comparison decreased by 40%, but in the year-on-year comparison actually increased by a third. Apartment sales prices have also reached new heights—the average price of a unit in Bratislava is currently just under EUR 3,000 per sq. m.
Experts estimate that the fallout from the economic downturn caused by the new Coronavirus pandemic will be felt especially in the second half of 2020, which, if they are correct, would put pressure on real estate prices. The National Association of Real Estate Agencies in Slovakia (NARKS) stated that housing preferences may change in the future after society’s experience with lockdown measures and quarantines. People will be more likely to take into account the importance of space and quality when it comes to buying property. “Many of our clients are currently searching for properties with a balcony, terrace, or front garden. The popularity of primary or secondary housing, where owners can comfortably spend their weekends, part of the workweek, or the summer months, has also increased,” says Dagmar Skalníková, real estate agent at Svoboda & Williams.
The COVID-19 travel ban was naturally followed by a decline in the number of short-term rental or Airbnb customers, which resulted in an increase in offers of properties for long-term rent. In Bratislava in the first half of the year, the situation caused a 28% growth in available apartments. The real estate market thus changed from a landlord’s to a tenant’s market.
During the Coronavirus crisis, the Svoboda & Williams real estate agency quickly adapted to the new demands of the market and came up with several innovations, such as real-time video viewings, Flexi Rentals services, or Flexi Office Management. Even with the Coronavirus pandemic in full swing, Svoboda & Williams was actually exclusively retained to sell new apartments in the Koliba and Schön residential projects. “The crisis has not stopped clients who need to discuss housing issues from contacting us. On the other hand, clients who have acquired real estate as an investment have chosen to bide their time and wait until the crisis starts having an impact on property prices. At this point in time, however, developers working in the Bratislava real estate market aren’t thinking about lowering prices,” adds David Martan, head of the Slovak branch of Svoboda & Williams.
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.