Svoboda & Williams Wins Best Local Real Estate Agency Title at HOF Awards 2021

This year's HOF Awards featured a total of 21 categories. Companies and projects across Central Europe were nominated for the various titles, such as Best Residential Development, which was won by the Slovak Sky Park Residence project. The Flow Building in Prague received two awards.

The HOF Awards were part of the CEDEM 21 international conference. Over thirty speakers from leading real estate companies from the Czech Republic and abroad made presentations addressing a wide range of topics. Most touched on the changes brought about by the pandemic.

Prokop Svoboda, owner of Svoboda & Williams, addressed the panel devoted to the residential market. Focusing on the development of the Prague real estate market during the last eight months, he pointed out that when people are deciding where to park their funds, the key aspect today is capital gains, i.e., how the property appreciates over time. He went on to say that after the rapid and record-breaking first half of the year, the market has started to slow down, which is reflected in both the volume of mortgages and in the number of inquiries that Svoboda & Williams is currently recording. All of these issues, however, are related to the increasingly limited housing stock, which is starting to stagnate due to significant construction delays and other factors.