03. March 2021
Several new colleagues joined the Svoboda & Williams team at the beginning of the year. The sales teams in both the Prague and Brno offices were expanded and new members joined the residential rentals and commercial leasing teams.
Gabriela Havlová joined the Brno team at the start of the year. She graduated with a degree in law and legal science at the Faculty of Law of Masaryk University in Brno and worked as an intern at the HLADKY.LEGAL law firm while still a student. Gabriela speaks English fluently. In March, new Sales Representative Veronika Bičišťová became part of the Prague office’s residential sales team. Veronika is currently studying public administration and regional development at the Czech University of Life Sciences. She lived for two years in England and Finland, where she worked as an au pair and as a skiing and snowboarding instructor. Veronika has been playing volleyball at a professional level since the age of ten.
In February, the residential rentals team welcomed new Junior Letting Representative Karolína Krautstenglová. She was born in the USA, where she also earned a bachelor’s degree in business administration from Chapman University in California. She previously worked in marketing and data analysis. Karolina is fluent in English and speaks German at a basic level.
Veronika Skalický began working as an Office Leasing Consultant in the commercial leasing team in January. She has a degree in tourism and hospitality, and previously worked as a flight attendant for Smartwings and Hi Fly and as an assistant at Colliers International. She also lived for three years in the Azores, where she learned Portuguese; she is also fluent in English.
Four new receptionists have been hired since the beginning of the year: Nela Hegerová, Anna Kalistová, Daniela Gregoryan, and Anna Monsportová. Nela Hegerová, who studied at the Institute of Hospitality Management in Prague, is in charge of running the reception desk. Anna Kalistová is currently studying marketing and brand management and previously worked for the Onkomaják NGO. Daniela Gregoryan is a student in the Arts Management program at the Prague University of Economics and Anna Monsportová is an artist, devoting herself to drawing, expressive dance, and music.
01. March 2021
The Svoboda & Williams real estate agency received the Best Local Real Estate Agency prize at the 20th annual CIJ Awards Czech Republic.
This year, there were 26 categories at the 20th annual CIJ Awards Czech Republic. Altogether 99 companies, projects, transactions, and campaigns were nominated. The Trio Harrachov mountain residential project, whose apartments are sold exclusively by Svoboda & Williams, won Best Standard Residential Development. The Best Premium Residential Development award went to the exceptional Komunardů 35 designed by architect Stanislav Fiala.
The CIJ Awards Czech Republic are presented annually by Roberts Publishing Media Group, s. r. o., the publisher of print and online news regarding interesting developments in the real estate segment in Central and Southeast Europe.
18. February 2021
The Na Petřinách 7 residential project, realized by All New Development, was the winner in the category of small-scale apartment projects at the 22th annual prestigious Best of Realty awards.
The low-energy Na Petřinách 7 boutique apartment house with a minimalist façade is sensitively set amongst the surrounding buildings in the sought-after area between Břevnov and Petřiny; the residential project received final approval in March 2020. Jurors praised the developer’s generous approach to the selection of materials, focus on details, well-thought-out common areas, and landscaped garden.
The Best of Realty awards debuted in 1999 and since then have been closely following the real estate scene in the Czech Republic, especially newly built or reconstructed buildings. Award-winning projects contribute to the positive urban development of the city and showcase the skills of developers, architects, builders, and designers. This year, almost 50 projects competed to win the Best of Realty titles.
16. February 2021
“The Prague premium real estate market proved resistant to the coronavirus pandemic in 2020” is an apt summary of Svoboda & Williams’ sixth Market Report, which the real estate agency publishes biannually.
Stability in the real estate segment was mainly guaranteed by record low interest rates, the repeal of the property acquisition tax, and the fact that quality properties were increasingly seen as a good place for people to park their money and protect their savings. Demand for real estate from the portfolio of Svoboda & Williams therefore had a year-on-year increase of 5.4%. The average achieved price for a premium property also went up—clients paid CZK 131,900 per square meter for new builds and CZK 120,100 per square meter for resale properties. In contrast, according to the Rental Price Index by S&W + VŠE, rental prices decreased by 11% down to CZK 29,400 per month on average.
Market Report H2 2020, among other things, focuses on:
- the development of premium Prague residential property prices,
- the growing rental housing trend,
- the unprecedented interest in recreational real estate,
- the situation in the mortgage market,
- residential projects that can significantly transform the character of the neighborhood they’re in.
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 real estate sales 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 are calculated by factoring in the price for parking and a proportional part of the exterior. 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 outdoor to interior spaces.
Another useful analytical tool for a more accurate interpretation of the rental market is the 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 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.
Svoboda & Williams Market Report | H2 2020 download (pdf)
Rental Price Index S&W + VŠE download (pdf)
Read all of our other Market Reports.
16. February 2021
Set in the originally developed part of Karlín and filling in a gap on Křižíkova Street, the multifunctional Dva domy project is being built by Karlín Group in cooperation with the Diocese of Hradec Králové. Its distinctive appearance is the work of the renowned Bevk Perović Arhitekti studio. Svoboda & Williams will exclusively offer two commercial premises in the building.
Dva domy is Karlín Group’s latest project in Karlín, where it has developed many buildings so far, and even in this case its focus was on creating something architecturally significant that would fulfil multiple functions. Identifiable at first glance due to its dual façade, once finished, the building will offer 112 apartments for sale and two large commercial premises with a total area of 1,528 sq. m.
Both commercial spaces will face Karlín’s “high street”—Křižíkova—and feature large-format shop windows. On the south side, the spaces will provide views of the newly emerging park of the Corso Karlín and Corso II office buildings. There is also a new boulevard that practically connects Křižíkova and Pernerova streets. Sold in a state of shell & core, the commercial spaces come with parking spaces and storage areas in the basement.
“The Dva domy building is emerging in the most sought-after part of Karlín, in close proximity to Corso Karlín, Vitra Koncept’s showroom, and the brand new PRAGA Rezidence complex. It offers great visibility and space for a showroom, a gallery, or novel corporate headquarters,” says Jan Mráz, Senior Property Consultant at Svoboda & Williams.
More information on the commercial premises in the Dva domy project.
15. February 2021
The Svoboda & Williams real estate agency has been exclusively retained to list for rent two unique villas that are being built in a lucrative part of Bubeneč on the western edge of Stromovka Park.
The Juárez and Goethe villas, designed by the renowned ADR architectural studio, stand across from each other on the streets that they are named after. The surrounding area is full of typical, spacious early 20th century houses, but there are also several modern buildings nearby as well.
Both villas have three separate sections that make up the individual floors, cleverly breaking up the traditional block shape of the houses. The lowest levels are attached to southwest-facing terraces with a garden and heated pool, while the second and third floors will have loggias and terraces. Interiors will be connected to the exterior thanks to large-format windows that offer pleasant views of the surrounding greenery.
Granite cladding alternates with extensive glazed surfaces on the facades of both houses. Facilities include air-conditioning, wooden floors, built-in storage space, and windows with wood-aluminum frames. Besides two-car garages, the basement will also have enough space for a fitness room with a sauna, and there will be a Jacuzzi on the uppermost terrace.
The villas will be move-in ready in April 2021. More information on Villa Juárez and Villa Goethe.
15. February 2021
While the construction of the Na Pramenech residential project continues full speed ahead, a furnished model house has been completed. Potential residents may now get a better idea of how the interior can be decorated and the facilities can be arranged. The minimalist, yet cozy style of the show house serves as an inspiration for how stylishly modern these homes in the newly emerging neighborhood in Prague 9 can be.
In January, the access road to the houses in the first phase was approved and the developer has requested the approval of the houses that have already been sold. The remaining houses will be inspected and approved gradually, so that clients may choose the final surfaces according to their preferences. The show house, arranged by an interior designer, can give them an idea of what they might want.
Please contact our office to schedule a viewing of the show house.
More information about the Na Pramenech project.
14. February 2021
The current situation in the office market, disrupted by the effects of the pandemic, has actually worked in the favor of offices with flexible lease terms and related services. In the future, many companies won’t be seeking multi-year lease agreements and will prefer furnished offices with flexible lease solutions. Offices Unlimited, which is managed and marketed by Svoboda & Williams, offers precisely this type of office space.
With the onset of the pandemic, most companies have allowed their employees to work from home and the latest research shows that some employers will make increased use of home office options even after things return to normal. Therefore, a hybrid mode is likely the best solution going forward, since employees can choose to work remotely on some days and at the office on others. The JLL survey revealed that by 2030 30% of all offices will be flexible workspaces, where companies will lease space for some of their employees, specialized teams, or people working on ad hoc projects.
“In the current situation, companies have introduced orders to work from home, or on a part-time company office/home office basis. They claim that this way of working has been proven successful over the last year and that most employees quickly got used to the new conditions and have even worked more efficiently, or at least as efficiently, as before the pandemic. These companies will likely not have a reason to change their current work options and will create additional shared workspaces instead of permanent ones. Today, many companies are trying to sublease their excess square meters and will probably want to reduce the floor areas they’re leasing in the next rental period,” says Jaroslav Waldhauser, Head of the Commercial Leasing Team at Svoboda & Williams. “Personally, however, I believe that working from home won’t work in the long run because it’s not effective enough and doesn’t help develop a company’s corporate culture, something that is essential for its sustainability. Most professions require an office environment and so, once the crisis is over, companies will reconsider this position,” he adds.
The disadvantages of working from home were exposed by the current extreme conditions. Some employees have complained about the lack of social interactions, the merging of their work and home lives, poor Internet connections, or little to no peace for work. These negative aspects have been a boon for the concept of flexible offices, which offer—unlike one’s living room—a stimulating and professionally equipped workspace. “Some clients that use our shared myhive Flexi Offices have children, but don’t have large homes and so don’t have space to work in peace. For these clients, working from home is quite literally a “mission impossible". For this very reason, flexible offices that colleagues can share are an ideal solution for their employers. This way, employees can easily separate their work and home lives,” adds Marie Kantorová, Flexible Workspace Consultant at Offices Unlimited.
Tenants of myhive Flexi Offices and the other spaces in the portfolio of Offices Unlimited may take advantage of our Flexi Balance services. Created in response to the current situation and the desire of clients not wanting to be bound to a long-term lease agreement since they don’t know how long they’ll actually need their office, Flexi Balance offers a shortened notice period, a 30–40% discount on the offices, and a competitive daily rental price.
Overview of Offices Unlimited’s flexible offices.
10. February 2021
Despite the current difficult situation due to the COVID-19 epidemic, the construction of the Fragment residential project is continuing as planned. Concrete is currently being poured and the foundation slab is being prepared.
From the ground-breaking ceremony on October 1st, 2020, until the end of last year, the construction pit was excavated. At the same time, thirty 180-meter-deep geothermal wells were drilled. Work to secure the construction pit is now complete. In January, the extraction of soil continued in parallel with the digging of plumbing trenches. Base concrete has already been poured in some sections of the construction pit and the foundation slab is being prepared.
The ambitious Fragment residential project will offer 140 premium apartments for rent, and will therefore expand Prague’s rental housing stock in the very near future. Rough construction will be finished by the end of the year. Final approval of the building is scheduled for the second half of next year. Trigema is the investor, developer, and builder of the project.
More information on the Fragment residential project.
03. February 2021
Work on the total reconstruction of the Italská 8 Residence is continuing according to plan. The apartments on the second to the fifth floors received final approval in January.
The Italská 8 Residence is a painstakingly renovated typical Vinohrady apartment building located in a popular area between náměstí Míru Square and Riegrovy sady Park. Spread out over six floors, it will offer 24 one-bedroom units and one two-bedroom apartment. Clients can select between three types of interiors, each of which will include oak floors, wooden doors, wooden casement windows, and brand-named sanitary ware in the bathrooms.
There are currently only 4 units left for sale in the Italská 8 Residence.
More information on the Italská 8 Residence project.