Monique Ghosh from Christie's International Real Estate Spoke at the Real Estate Investment 2019 Conference

The Stavební fórum conference included 3 discussion panels on various topics, such as the development of real estate investments in a long-term context, property yields and how to maximize them, legislation related to purchasing real estate in the Czech Republic and abroad, as well as Prague’s strategic plan, which will have a significant impact on future investments.

Ghosh spoke about exceptional properties in the luxury real estate segment and presented some of the most interesting sales transactions that Christie's International Real Estate realized within the last year, for instance a house in the Australian state of New South Wales that achieved the highest overall price, selling for the equivalent of CZK 1.6 billion. Ghosh also mentioned other cities, like Hong Kong, Malibu, New York, or London, which has the highest concentration of luxury properties along with buyers who are willing to invest in them. Christie’s has also taken note of interesting developments in Paris and Amsterdam, where the prices of high-end properties are rising together with the increased demand for them. In Paris at the beginning of the year, Christie’s registered a record-breaking achieved price of CZK 1.024 million per sq. m. At the end of her presentation, Ghosh spoke about Prague, where an apartment in the historic center was sold for CZK 329,000 per sq. m., the highest achieved price per sq. m. in the transactions realized last year by the Svoboda & Williams real estate agency.