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.
27. March 2020
The Offices Unlimited company, whose portfolio consists of shared offices with flexible lease terms, has introduced special hygienic measures and rules to minimize the spread of the COVID-19 virus in all its premises. At the same time, it has launched video tours of its offices, allowing potential tenants to view the spaces and the buildings via a video call with an agent.
Employees of Offices Unlimited closely monitor the situation around the COVID-19 virus and follow all of the governmental and WHO recommendations. “The Na Příkopě 15 office building has newly introduced coworking space in smaller, separate offices that are a better alternative to a large, open space working environment. All of Offices Unlimited’s spaces are aired out regularly thanks to their openable windows, which significantly contributes to the reduction of pathogens in the air,” adds Kateřina Burešová, Flexible Workspace Consultant at Svoboda & Williams.
The following measures have been adopted by Offices Unlimited:
- Employees and tenants must wear face masks and maintain a distance of at least 3 meters from one another.
- The office spaces are thoroughly disinfected every day, and elevator buttons, door handles, kitchenettes, and toilets are disinfected several times a day. Hand sanitizers and disinfectants are available to tenants.
- An iron for the disinfection of face masks is available to tenants.
- People interested in viewing the offices and buildings have the options of a real-time video tour via FaceTime, WhatsApp, Skype, Messenger, and other apps.
- The restaurant in the myhive Flexi Offices building is only open to tenants of the shared offices, and currently offers only meals to-go.
- Employees constantly monitor the buildings and check whether measures are being followed.
Offices Unlimited complete offer of shared offices.
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.
11. March 2020
Three quarters of a year after launching, Svoboda & Williams is announcing that 1,600 sq. m. of Offices Unlimited’s shared office space located in the myhive Pankrác House administrative building are now 100% occupied. The speed in which the space, whose administration and marketing was entrusted to the Svoboda & Williams real estate agency, reached full capacity confirms that coworking and shared offices aren’t just a passing trend.
The full occupancy of myhive Flexi Offices demonstrates the growing popularity of this type of work environment. Compared to standard offices, shared offices still occupy a small share of the office space market. Nevertheless, this segment has great potential for further expansion and development. According to Savills, in 2019 the total floor area of the office space on the Prague property market increased by 138%.
“The concept of shared offices and coworking space is ideal for freelancers, startups, and small companies, but also for corporations that are looking for temporary space for their teams. Due to the fact that more and more entities prefer flexible lease terms when searching for new offices, we managed to fully book the entire space in myhive Pankrác House in less than 9 months,“ says Kateřina Burešová, Flexible Workspace Consultant at Svoboda & Williams.
The long-term tenants of myhive Flexi Offices include, among others, the office of Senator Prof. Ing. Jiří Drahoš, the Mountpark company, and the Bydlíme snadno startup, which initially rented 30 sq. m. and now leases four times as much space. Its latest tenants are the UltimateSuite, Ulead Media Group, City Support, Neocont, or Green Light Solutions companies.
More about the myhive Flexi Offices shared offices.
09. March 2020
At the end of this winter, the Na Petřinách 7 apartment house, created by the All New Development company together with the SUNCAD architectural studio, received final approval. Three apartments currently remain for sale and are move-in ready. The Svoboda & Williams real estate agency has been exclusively retained to mediate the sale of the units in Na Petřinách 7.
The project has proceeded according to the schedule, and so six months after construction first started the energy-efficient Na Petřinách 7 apartment house is ready for its first residents to move in.
The Na Petřinách 7 residential project consists of 13 generously appointed apartments that offer views of the adjacent garden full of mature trees. The last three unoccupied units are still for sale: one with a front garden, and two on the fourth floor. All boast a clear height of 290 cm and a high standard of completion, which includes three-layer wooden floors, large-format triple-glazed aluminum windows, and underfloor heating.
Please contact our office to schedule a viewing.
More information about the Na Petřinách 7 residential project.
06. March 2020
The main topics of the two-day conference, which took place at the end of February 2020, were the current trends in the premium real estate market and the latest innovations in marketing. These and other issues were discussed among the participating representatives of real estate agencies from Europe, North and South America, and Australia that are affiliates of the Christie’s International Real Estate network.
Members of the Svoboda & Williams team attended this year’s conference organized by Christie’s International Real Estate. Held in Palm Beach, its program was devoted to the development of the premium real estate market, the new generation of marketing strategies, as well as to environmental issues and the impact of the coronavirus on the global economy. “The conference allowed us to see the premium real estate segment from a global perspective, making it easier to predict what awaits us in the coming period, and we also got to know what marketing tools are most effective for this particular segment,” adds Prokop Svoboda, owner of Svoboda & Williams.
“The collaboration and exchange of ideas over the two days of meetings, through both guest speakers and networking opportunities, provided our Affiliates with strategies to strengthen and grow their luxury businesses,” stated Dan Conn, CEO of Christie’s International Real Estate.
Christie’s International Real Estate has been active on the global premium real estate market for more than 30 years. It currently has affiliates in 49 different countries. Svoboda & Williams has been the exclusive affiliate for the Czech Republic and Slovakia since 2017.