In October, Prokop Svoboda, owner of the Svoboda & Williams company, participated in two conferences that focused on the current situation in the real estate market—Real Estate Forum and Real Estate Market. Panellists at both spoke about long-term trends as well as on new topics related to the coronavirus pandemic and its effects on the residential and commercial property markets.
The second year of the Real Estate ForumConference, whose focus is on real estate in Brno and the South Moravian Region, took place on October 13th. Participants touched upon various topics, including investment opportunities, new construction projects in the residential and commercial segments, and how the COVID-19 pandemic is changing office space as we know it. Prokop Svoboda spoke about the office segment and how we can expect demands for greater flexibility in the rental relationship, and so landlords should consider adapting their offers accordingly. An important topic for the South Bohemian Region is also the Brno airport. Milan Kratina, co-founder of Accolade, noted that the airport is an important factor in the nexus of transportation and logistics, and so has the great potential to become the driving force of the economy in the region. Moreover, it will make Brno more attractive for companies, which will then have an impact on the development of the office market. Panellists also offered their views on Brno’s infrastructure and how crucial the adoption of the new Building Act is for its development.
The Real Estate Market conference was held on October 21st. This year, it was opened by a panel on real estate investments. Its participants agreed that it’s not the best time for speculative development given the current situation. Petr Vohralík of Česká spořitelna also confirmed that rental housing loans are gradually increasing. One of the panels was devoted to healthy housing trends, which are adapting to todays’ demands—people are now spending more time at home as well as working there, and so interest in a healthy home environment has gone up significantly. Jan Řežáb, owner of the JRD company, emphasized that developers can influence a large variety of parameters that have a deep impact on the health of future residents. However, in terms of the current trend of working from home, participants of the individual panels were largely in agreement that although this is a new challenge for the housing and office sectors and their development, they don’t foresee a dangerously low demand for standard offices in the long run. Regular face-to-face meetings and working together to create a corporate culture are essential for the sustainable functioning of a company.
The conference was concluded by a panel on the current situation in the apartment market, which Marcel Soural, owner of Trigema, described as an “island of stability in turbulent times.” In his presentation, Prokop Svoboda spoke about the premium segment and especially about the rental housing trend that is going to shape the Czech real estate market in the coming years. He also mentioned the growth of investment purchases, which, in his opinion, is a kind of third pension pillar. Radek Vachulka of Česká spořitelna addressed the prosperity of the residential segment, citing figures from the mortgage market: from January to September the volume of mortgage loans had a year-on-year increase of 35% up to 173 billion crowns and bankers expect it to rise to 230 billion crowns by the end of the year.
In the middle of October, the Svoboda & Williams company launched the sale of the third phase of the Na Pramenech residential project. Eighteen houses have been added to its real estate portfolio, most of which are three-bedroom—the most sought-after layout.
Once completed, the Na Pramenech residential project will offer six types of two-story family houses, from the most spacious to the more affordably priced. The latter will be the most common layout in the third phase of construction. There will be a total of 15 efficiently designed Type B houses, which are the most in-demand and have already sold out in the previous two phases, as well as three larger four-bedroom houses.
Before the third phase receives final approval, a small shopping park will be built right next to the Na Pramenech residential project. These will be the closest civic amenities to the new houses.
The third phase will be move-in ready by the end of 2021. Currently, construction of the first phase has advanced significantly—outdoor work on most houses is almost finished and a large portion of the access road is completed.
Due to its over two-decade success on the Czech market, the Svoboda & Williams real estate agency expanded to Slovakia last year. Since then, the Slovak team successfully established itself on the Bratislava and Slovak real estate markets, and so the time is right to present its current members.
David Martan, a lawyer and holder of the RSc. title (Real Estate Consultant), which is the highest level of certification, is the Managing Director of Svoboda & Williams Slovakia. He has been working in real estate for more than sixteen years and is the only member of the Royal Institution of Chartered Surveyors specializing in residential properties in Slovakia. He previously participated in the sale of several successful projects. David speaks English fluently.
Dagmar Skalníková studied history and the Slovak language at Comenius University in Bratislava. Besides her native Slovak, she speaks English fluently. She started her career in an advertising agency where she worked with multinational clients, helping them launch their projects on the Czech and Slovak markets. She then devoted herself to interior design. She has been a Property Consultant at Svoboda & Williams Slovakia since July 2019. Dominik Horváth is a Senior Property Consultant at Svoboda & Williams Slovakia. He studied law and has more than 13 years of experience in investment and property management. He also worked in Canada and the USA, where he became proficient in English. He has collaborated in the acquisition and sale process of several successful projects.
Eva Koptáková is a lawyer and has worked in the legal field for eight years, four of which as an attorney. She decided to switch career paths after her interest in the world of real estate was sparked by her experience with real estate law. Eva is currently a Sales Representative at Svoboda & Williams Slovakia. She speaks English fluently.
Juraj Jaroš has a master’s degree from the University of Economics in Bratislava. He has been working in real estate since 2007 and was previously employed in international consulting firms and property development companies. He also collaborated on several exceptional important non-residential projects, such as the Eurovea offices of Pradiaren 1990. He is currently a Property Consultant and speaks both English and German fluently.
Ľubica Kulčárová has a master’s degree from the Faculty of Management of the Comenius University in Bratislava. She also worked as a project manager in the public and private sectors. She is proficient in English and Russian. Ľubica has been the Office Manager of the Svoboda & Williams Slnečnice office since October 2019.
Fall was a time of new arrivals at Svoboda & Williams. Attorney Karla Kalecká joined the company at the beginning of October and new colleagues joined the Property Management and Commercial Leasing teams. Our Brno branch also welcomed a new member.
Our new in-house lawyer is Karla Kalecká. She has a master’s degree from the Faculty of Law at the University of West Bohemia and spent a year abroad at the University of Zurich. She has been working in law since 2010, including a five-year stint at Rödl & Partner, first as a law clerk and three years later as a lawyer. She currently cooperates externally with the Czech Bar Association. Karla speaks German and English fluently. Sports have been a big part of her life—she played floorball at a professional level for over fifteen years and also enjoys tennis, skiing, and biking.
The Property Management Team welcomed Přemysl Kavan, who works as a Senior Facility Manager. He has been working in facility management for several years and gained experience at the Kaprain Group. Přemysl speaks English proficiently and spends his free time playing golf, hockey, and biking.
Lukáš Machula joined the Commercial Leasing Team as a Senior Leasing Consultant. He has been active in commercial real estate for six years and previously worked for Procházka & Partners and Penta Real Estate. He earned a master’s degree in international business at the University of Economics and Business.
Our Brno branch welcomed Property Consultant Lenka Kjučukovová. She studied international business at the Business Academy in Brno. Lenka has been working in real estate for fifteen years as a manager of residential projects at construction companies, for private investors as well as for developers.
The Masarykova N°30 boutique residence in Brno, which is managed by the Svoboda & Williams company, has won a Travelers’ Choice award for 2020. This yearly coveted award is organized by Tripadvisor.
Only accommodation, attractions, and restaurants that receive consistently positive reviews and are among the top 10% most popular on Tripadvisor are eligible to receive the Travelers’ Choice award. The Masarykova N°30 boutique residence is located in the center of Brno on the corner of Masarykova Street and Kapucínské náměstí Square and consists of twelve air-conditioned, premium standard fully furnished apartments with a kitchen. The residence’s prestigious address is the ideal place to stay for those who would like to explore the city of Brno and the South Moravian region, while also strategically located for those who have come to Brno on business.
Svoboda & Williams manages and operates the residence, takes care of all marketing and revenue management activities, and handles the sale of accommodation units. It also manages Hotel Pivoňka, which is one of the many beautiful buildings gracing a Renaissance square in Slavonice, a town in the South Bohemian region.
The ambitious Fragment residential project will greatly expand the offer of rental housing in Prague. Developed by Trigema, its design is the result of the collaboration between the Qarta Architecture studio and the artist David Černý. The Svoboda & Williams real estate agency has been exclusively appointed to rent of 140 premium units in the building. Construction officially commenced on October 1st during the groundbreaking ceremony.
Fragment is the first bold project that will hopefully be one of many that have the potential to enliven Prague’s contemporary urban architecture. The appearance of the building refers back to Invalidovna’s original purpose and builds an imaginary bridge between history and the present as it evokes a reclining figure being taken care of by David Černý’s grand sculptures. The shape of the apartments’ rooms will mirror the repeating modules that the building is made up of, which create a fragmented impression when seen from afar.
Fragment also carefully selected its location—right across from the Invalidovna national cultural monument by Kaizlovy sady Park, only 200 meters from the Invalidovna metro station (line B).
Rough construction will be completed by the end of next year. Final approval and the grand opening will take place in the second half of 2022. Trigema is the investor, developer, and builder of the Fragment rental housing project.
The Svoboda & Williams real estate agency successfully acquired exclusivity for the sale of fifteen energy-efficient houses in the Pálavská brána residential project. They will be built on the western edge of the South Moravian village of Brod nad Dyjí, in the immediate vicinity of the popular Mušovské Lakes.
The Pálavská brána residential project, which is being built by the Hrušecká stavební development company, will consist of fifteen single-story houses with private rooftop terraces that offer views of the surrounding ever-present vineyards and the Pálavské vrchy hills once completed. All of the houses will have two-bedroom layouts, 84 sq. m. floor areas, and will open onto a garden with a shed. They will be completed to an elegant standard with ceramic tiles, brand-name sanitary ware in the bathrooms, insulated triple-glazed windows, and underfloor electric heating, among other facilities. The project is conceived as a complex with a streamlined architectural style that blends seamlessly with the South Moravian countryside—its main features are its light-colored facades, wooden siding, and simple lines.
Thanks to their location by the village of Brod nad Dyjí, not far from the Pálava range, the Pálavská brána homes offer unique permanent or vacation residences set amongst the rolling hills of a picturesque countryside known for its sunny climate, rich history, and viniculture. The area is full of biking and hiking trails and opportunities for water sports and fishing, making it one of the most popular recreational destinations in the Czech Republic. There is a large aqua park in nearby Pasohlávky and the archeological park outside of Pavlov is also close-by. Another significant advantage is the location’s easy access to Mikulov, the Lednice-Valtice grounds, as well as Brno, Vienna, and Bratislava.
The Pálavská brána houses are both a pleasant place to live or spend your vacation year-round as well as an opportunity to purchase real estate with a great investment potential. The developer offers comprehensive rental, management, and maintenance services to owners who aren’t planning on using their new home as their residence.
The planned completion of the Pálavská brána project is in summer 2021.
Only two attic apartments remain for sale in the Orelská 13 Residence—a completely reconstructed Art Nouveau building situated in the popular neighborhood of Vršovice. Both apartments will be sold in a premium finished standard that includes quality materials and many designer elements. They are the most generously apportioned units in the project.
The renovation of the building from 1911 also comprised the creation of a new attic floor that was designed to offer two atypical apartments with indoor galleries, one with a two-bedroom layout and the other a three-bedroom. The attic apartments were drafted by the renowned Rangherka 5 architectural studio and boast clever arrangements and a novel industrial style underscored by casement windows, exposed brick walls, a combination of metal and wood, and glass partitions that divide yet fluidly connect the various rooms.
The attic apartments also offer practical facilities, such as discreetly hidden air-conditioning, brushed smoky oak floors, design staircases, large-format built-in wooden cabinets and shelves, and a fully fitted kitchen with a stone or Corian worktop. Both apartments also come with terraces that face a quiet courtyard full of greenery. Another amazing selling point is that they have two bathrooms—one on the lower level and the other belonging to the master suite.
During the summer, Svoboda & Williams welcomed several new members. Most of the latest hires joined the Residential Sales Team, and the Marking team also acquired new colleague.
The Residential Sales team welcomed three new Sales Representatives. Daria Rusavskaya has been working at Svoboda & Williams since 2017. She holds a master’s degree in international business and previously worked in the banking sector. Daria speaks both Russian and English. Kateřina Klausová received a master’s degree in media communication at the Faculty of Social Sciences of the Charles University and completed an internship at the University of Oxford. She has experience with acting and presenting, worked in the past as a producer, and has a golf handicap of 6. Veronika Karešová is currently studying for a master’s degree in international business. She has been working in real estate since the beginning of her studies and has experience in the residential as well as commercial sectors. Veronika speaks both English and German.
The Marketing team welcomed Daria Kovun, who is now the agency’s Graphic Designer. She has a degree in marketing communication from the University of Finance and Administration and studied graphic design at Scholastika College. She is also an avid photographer and speaks both Russian and English. Agáta Drozdová is our newest receptionist. She is currently a student at the Faculty of Business Administration at the University of Economics, Prague.
The Svoboda & Williams real estate agency has published its fifth Market Report. The current issue studies the effects of the new type of coronavirus pandemic on the Prague residential and commercial property market.
After the outbreak of the COVID-19 pandemic, a frequently discussed topic was the influence of the global economic crisis on the development of Prague residential property prices, which have increased continuously for the last six years. As Svoboda & Williams’s analysis shows, the coronavirus crisis didn’t affect premium residential real estate prices in Prague during the first half of the year. In fact, the average achieved price per square meter had a year-on-year growth of 7.8%. As expected, the crisis did have an impact on achieved rents, which in the premium segment fell by 7.2% in the year-on-year comparison.
The current Market Report also addresses the following topics: - The development of residential property prices - The situation in the short-term and long-term rental housing market - Possible fallout of the pandemic on the office market - The growing demands for flexible rental relationships
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 the real estate 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 adds the price for parking and a proportional part of the exterior to the final calculation. 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 the exterior to the interior space. Another useful analytical tool for a more accurate interpretation of the development of the rental market is the Rental Price Index of 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.