Real estate newsFrom the pipeline of Svoboda & Williams

15. August 2022

Exceptional Mountain Residences for the Most Discerning to Be Built in the Jizerské Mountains

Svoboda & Williams’ portfolio of recreational properties now includes two unique houses that will be built in semi-seclusion above the town of Desná. They are designed for clients who are looking for the highest available comfort but care about sustainability, all in the picturesque scenery of the stunning Jizerské Mountains.

The Riedlovy Boudy project is named after the Riedel family, important glassmakers with deep roots in the local area. These modern mountain residences were designed by the architects from the renowned QARTA Architektura studio with respect to nature and the local traditions. Both houses with generous floor areas of 250 sq. m. will be self-sufficient in terms of energy and handed over fully finished and equipped, including a top-of-the-line Poggenpohl kitchen. The level of comfort will be enhanced by a sauna, a hanging wood-burning fireplace, and a large garden landscaped by the Fléra studio with mature trees, a fire pit, water features, and a seating area.

The developer of Riedlovy boudy is Dolcevita Development, which has long focused on boutique projects strongly connected to Czech mountain ranges.

Expected completion in November 2024.

More information about Riedlovy Boudy.
 

Exceptional Mountain Residences for the Most Discerning to Be Built in the Jizerské Mountains

15. August 2022

Apartments With an Exceptional Genius Loci: the Unique VII. Dům Residence Now Part of Svoboda & Williams’ Residential Portfolio

On the basis of an exclusive agreement, the Svoboda & Williams real estate agency is launching the sale of the luxurious VII House. This truly unique project stands on the southern edge of Valdštejnské Náměstí Square, a centuries-long sought-after address in Prague.

The reconstruction of this originally Renaissance burgher house was realized by architects from the renowned FormaFatal and Atelier SAD studios, who approached the project as if it were a work of art. The final result highlights the building’s uniqueness, respects its long and rich history, and returns original natural materials to it (e.g. oak floors and new wooden windows).

At the same time, the building showcases contemporary Czech design—stone portals made of Božanov sandstone, handmade Baxa ice glass elements, Czech designer lighting, and artistic yet elegant common areas.

VII House contains 17 apartments with layouts ranging from studios to four-bedrooms. The spacious units on the highest floors offer views of Prague Castle and the St. Vitus Cathedral, while those on the lower floors have original vaulted ceilings and face a quiet, poetic courtyard. Tucked into the attic is a generously apportioned almost 300 sq. m. duplex with renovated beams and windows facing all four cardinal directions that also flood the interior with daylight. All units are equipped with the highest quality facilities.

Owners will appreciate coming home to a prestigious address in the middle of Lesser Town away from the main tourist area. Famous restaurants, urban amenities and services, and highly rated schools are in the immediate vicinity. Several magical accessible palace gardens or the nearby slopes of Petřín hill provide spaces to relax amongst the greenery. The river and Mánes Bridge can be reached by a pleasant walk through Valdštejnská Garden.

The name VII House playfully combines the number of the building and the concept of astrological houses often used to write up horoscopes. Moreover, the number 7 is a lucky and magical number in astrology.

More information about the project.

Apartments With an Exceptional Genius Loci: the Unique VII. Dům Residence Now Part of Svoboda & Williams’ Residential Portfolio

14. August 2022

Popular Pankrác. Svoboda & Williams Negotiated the Lease of Over 1,500 Sq. M. of Office Space in This Top Prague Location

Over the course of the past few months, Svoboda & Williams’ commercial leasing team has brokered the lease of offices for three important technology companies. Besides working in the same industry sector, the businesses had another thing in common: an address in Prague 4.

“Pankrác is one of the most sought-after office districts in the city,” says Sylva Turinská, Senior Consultant at Svoboda & Williams, who helped negotiate all three lease transitions whose combined floor areas came to over 1,500 sq. m. in total. Along with its excellent infrastructure including public parking, quick connections to the highway, and easy access to the center, Turinská adds that the neighborhood has also benefited from intense construction in the last decade. She goes on to state that “Prague 4 offers almost 1,000,000 sq. m. of office space for lease, making it the largest ‘office’ district in Prague.“

DataVision, which focuses on digitization, leased 637 sq. m. in the modern Mayhouse building in Pankrác. The last vacant office in the Parkview building, with a floor area of 580 sq. m., was leased by Cint. “Until now, the company has relied on serviced offices, but even prior to the outbreak of covid it was looking for a permanent office. The pandemic delayed their move, but the company has stuck to its original plan,” Turinská comments.

The Czech software company E LINKX was looking for suitable retail space for its HPmarket division as it would be the first ever brick-and-mortar HP store in Central Europe. In the end, the 320 sq. m. available space in the elegant City Green Court building, the first in the Czech Republic to be LEED Platinum certified, turned out to be the best fit.

Popular Pankrác. Svoboda & Williams Negotiated the Lease of Over 1,500 Sq. M. of Office Space in This Top Prague Location

14. July 2022

Kindergarten for Sale in the Newly Emerging Na Pramenech Neighborhood

Once complete, the Na Pramenech residential project will create a new neighborhood in Prague 9 with seventy family houses and semi-detached houses, a park, and a kindergarten. This school building is currently being added to Svoboda & Williams’ listings.

From the very beginning, the goal of the Na Pramenech residential project was to create a unique, gated community concept with a pleasant family atmosphere enhanced by a kindergarten with a playground. Situated by the entrance to the complex, this two-story building with a usable area of 416 sq. m. is surrounded by a 771 sq. m. garden. The kindergarten is being sold in a state of shell and core, i.e., without final surfaces in the interiors.

“Considering the concept overarching the entire project, the building is an excellent investment opportunity. As we expected, most of the new owners of the houses in Na Pramenech are young families, and so once the kindergarten starts enrolling children, it will reach full capacity in just a few months,” says Vanda Böhmová, real estate agent at Svoboda & Williams.

More information about the project. 

Kindergarten for Sale in the Newly Emerging Na Pramenech Neighborhood

14. July 2022

Market Report H1 2022: The Prague Residential Market Is Slowing Down, but Offers Many Opportunities

According to Svoboda & Williams’ analysis, the first half of 2022 was marked by two key trends: property inquiries declined while real estate prices in the segment long monitored by Svoboda & Williams have continued to rise. The ninth edition of the Market Report summarizes the developments in the first half of this year.

The prices of the monitored premium properties in Prague’s residential market continue to rise. While the increase in new builds hovered just below the double-digit threshold (year-on-year growth of 9.8%), the year-on-year increase in resales was more moderate (6.6%). In the first half of 2022, clients of Svoboda & Williams paid an average of CZK 155,014 per sq. m. for new builds and CZK 141,970 per sq. m. for resales. In Prague 1, the average price per sq. m. went up to CZK 193,550, whereas in Prague a premium property could be purchased for an average of CZK 127,851/sq. m.

Rental housing recorded a significant increase in prices in the first half of the year. Rents in the monitored section went up by 14% to CZK 34,450 per month, which not only compensated for the drop experienced during the pandemic, but also exceeded average pre-pandemic prices by 5.2%. Most of the properties were rented by foreigners, who accounted for up to 69% of the tenants in the highest segment with rents of over CZK 55,000/month.

The nervousness felt in global markets due to the war in Ukraine and rising inflation is reflected in the Prague premium residential market. “Although the volume of the transactions we completed in the first half of the year has remained more or less stable, the current decrease in inquiries indicates that the market is slowing down,“ states Prokop Svoboda, Managing Partner of Svoboda & Williams.

Svoboda expects the Prague residential market in particular to experience stagnation or even a slight correction, which would offer investors many opportunities. “In fact, temporary slowdowns actually have a positive effect on the stock of housing, and interesting properties have been appearing in the market in recent months as part of this phase,“ he says.

He also thinks that the current development will speed up the Czech economy’s transfer to the euro. “Companies are already looking for funding in euros and I wouldn’t be surprised if residential developers start publishing their price lists in the common European currency next year and then convert them into crowns depending on the relevant exchange rate,“ continues Svoboda, adding that lease agreements have long been drawn up in euros in the office market.

“I believe that the current situation can also lead to higher demand for more energy-efficient, environmentally friendly, and higher quality projects that guarantee a lasting value in a devaluing, inflationary financial environment. These are the types of properties that we are looking for in the real estate market and as a society,” concludes Prokop Svoboda.

How Svoboda & Williams’ Market Report Is Created

The analyses contained in the Market Report are based on data on sales and rental transactions, generated by the activities of the Svoboda & Williams real estate agency. Supplemented by the facts and figures on property sales from the Cadastre of Real Estate that correspond to the parameters of the monitored sample, the Market Report relies exclusively on data based on achieved prices, which take into account the price for parking and a proportion of the exterior. To recalculate the exterior area, this methodology uses a specially developed algorithm that progressively reduces the exterior area while taking into account its ratio to the interior area.

Another useful tool for an even more precise interpretation of the development of the rental market is the analytical Rental Price Index by 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 this index are actual rental prices for the apartments listed by Svoboda & Williams. It therefore offers a good illustration of the impact that the cessation of tourism had on rents in Prague.

Svoboda & Williams Market Report | H1 2022 (download pdf)

Read previously published Market Reports. 

Market Report H1 2022: The Prague Residential Market Is Slowing Down, but Offers Many Opportunities

01. July 2022

Svoboda & Williams Wins First Place in the Prestigious CEEQA Awards 2022, Becoming Local Real Estate Agency of the Year

The annual meeting of real estate sector leaders took place in Warsaw at the end of June. The traditional gala evening culminated in the announcement of the winners of this year's CEEQA Awards. The Svoboda & Williams real estate agency won 1st place in the category Agent of the Year – Local Agency.

The CEEQA awards (full name Central & Eastern European Real Estate Quality Awards) is a prestigious and internationally acclaimed competition. Each year, important buildings, companies, and professionals from 18 Central and Eastern European countries are recognized for their achievements in commercial real estate, investments, and developments in European markets. The award winners are selected by a jury consisting of the most senior real estate experts, bankers, investors, and consultants, with the voting process overseen by Deloitte. 

Svoboda & Williams Wins First Place in the Prestigious CEEQA Awards 2022, Becoming Local Real Estate Agency of the Year

21. June 2022

Gardens in the Clouds in the Center of Ostrava. Four Penthouses in the Nové Lauby Residential Projects Now for Sale

The Svoboda & Williams real estate agency has launched the fourth sales phase of the Nové Lauby residential project. This crème de la crème of new build apartments consists of one-bedroom to three-bedroom penthouses with floor areas from 74 to 150 sq. m.

The private rooftop gardens that come with each apartment add a truly unique value that is a rare find in the center of Ostrava. Thanks to their generous layouts and spacious floor areas (some over 100 sq. m.), new owners will be able to enjoy panoramic views and fresh air.

The project was designed by the renowned Znamení čtyř - architekti studio. Consisting of five interconnected buildings covering a traditional city block, the residential complex will naturally blend in with the surrounding development and offer timeless living in the heart of this Moravian-Silesian city. 

Gardens in the Clouds in the Center of Ostrava. Four Penthouses in the Nové Lauby Residential Projects Now for Sale

16. June 2022

Svoboda & Williams Is the Exclusive Agent for the Apartments in a Functionalist Palace on Londýnská 54 and 56

Based on an exclusive agreement, the Svoboda & Williams real estate agency has launched the sale of units in an apartment building on the corner of Londýnská and Jugoslávská streets in Vinohrady. Once its thorough renovation is complete, it will offer 31 elegant high-standard apartments.

Part of the six-story Functionalist palace (the former Vinohrady Credit Union) has already been expensively reconstructed. Common areas and interiors have been designed by the QUADRATA architectural studio, with an eye to preserve the original concept of the building. Work is still continuing, but once finished the project will offer a captivating blend of restored Functionalist and modern elements that meet contemporary urban living demands. There will be a glazed elevator and a security main entrance door, and the building will be equipped with a new boiler that will provide central heating.

Apartment interiors will be designed to a high standard that includes double-layer wooden floors, Hansgrohe sanitary ware, Vitra bathroom ceramics, large-format tiles in natural stone decor, rebateless interior doors, and security entrance doors. The units face the street as well as a peaceful courtyard and most come with a balcony or terrace. Future owners can also purchase a cellar storage unit.

The Londýnská 54 and 56 project stands on one of the main streets in Vinohrady, in a popular area by a busy intersection in terms of traffic and urban amenities. At the same time, this part of Vinohrady boasts many elegant apartment houses designed by famous architects and tree-lined streets with excellent restaurants, cafes, schools, and shops.

More about the Londýnská 54 and 56 project.

Svoboda & Williams Is the Exclusive Agent for the Apartments in a Functionalist Palace on Londýnská 54 and 56

16. June 2022

A Permanent Holiday in the Woods? The Last Available Apartments in the U Hvězdy Residence Offer This and More

Escape from busy city life to a green oasis all while remaining within easy reach of the center or airport, with the added bonus of fantastic local amenities—these are the main benefits of the recently completed U Hvězdy Residence. Find its last remaining units in Svoboda & Williams' listings.

Still available are five two-bedroom and three-bedroom luxuriously equipped apartments. All are designed to ensure that nature is within touching distance of the interiors. French windows let in plenty of natural light and at least one room in each unit faces south. They also come with a terrace facing the nearby Hvězda Game Reserve, the largest forest park in Prague. The residence's over 1,300 sq. m. private landscaped garden is also adjacent to the park.

You can conveniently access the building with a contactless key and a camera system, security entrance door, or video doorman guarantee the safety of you, your children, and your property. There is a sufficient amount of parking spaces in the basement as well as electric car charging stations.

More about the U Hvězdy Residence.

A Permanent Holiday in the Woods? The Last Available Apartments in the U Hvězdy Residence Offer This and More

14. June 2022

Team Building Event in Slavonice Brought Team Svoboda & Williams Closer

Slavonice was selected as the scene of Svoboda & Williams' real estate party during the second week of June. The company's entire team traveled to this picturesque town, famous for its special atmosphere and rich history, to participate in a team building event.

A key moment of this event was the presentation of the new IT database, which will significantly improve internal company processes and in the future will also result in a more user-friendly website and tool for external users. In spite of the bad weather, people were undeterred and went on bike rides, participated in a ceramics class, took a trip to the nearby unique wetlands maintained by the Refugium environmmental organization, or learned about Slavonice's colorful history. Zdeněk Žampa, a native of the town and member of the Sklep theater, known to everyone by his nickname, Žampič, led people on an informative guided tour. Besides soaking up the town's special ambiance, team Svoboda & Williams also discussed real estate market analyses and forecasts, business strategies, and made time for introductions and informal meetings as it has grown to 130 members in its 16 years in the real estate business. 

Team Building Event in Slavonice Brought Team Svoboda & Williams Closer

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