ARTICLES LABELLED WITH TAG Prague

The Q2 2024 residential market report in Prague has shown growing appetite by buyers. Real estate is the largest asset class in the world, yet real estate decisions are often made intuitively rather than based on the data, declares Martin Decký, Harvard Alum and Co-Founder & CEO at BuiltMind. Property Forum has taken a closer look with him on the outlooks of the Prague resi market for the upcoming months.

As of August 1, 2024, the Property Management Department at Savills has been further strengthened. Petra Gavendová has joined the department as Business Development Lead. 

Savills has successfully facilitated the disposal of Green Park, Letňany, in Prague 18. The Creditas Nemovitostní I fund has acquired the property.

The Trikaya real estate group has completed the modernisation of the Řepy Shopping Center in Prague and sold the entire project to the investment fund Pragorent.

According to the monitored data and analysis of the real estate market by BuiltMind, the demand for new apartments in Prague has continued to grow in Q2 2024. Compared to Q2 2023, there is an increase of more than 67%.

Zeitgeist Asset Management has launched renting apartments and studios in the newly completed Delta Hagibor Residence on the border of Vinohrady, Strašnice and Žižkov in Prague. Invesco Real Estate owns the project and Zeitgeist has been given the mandate for its complete leasing and management.

AFI Europe's AFI Karlín office complex in Prague has announced the arrival of new tenants. A law firm is moving its team here, and a media and entertainment company is going to open a development centre for its streaming video service in the building.

Twenty brands have debuted on the Czech retail market in the first half of 2024, the highest number ever recorded. The biggest categories were Health and Beauty (six brands) and F&B (five brands). 

UBM Development Czechia has received the building use approval for the Astrid Garden residential project in Prague's Holešovice. The new owners are moving in in the autumn of 2024.

This year in March Passerinvest Group has opened the Roztyly Plaza office building, which, in addition to administrative areas, is offering 1,600 sqm of commercial space on the ground floor, and another 700 sqm dedicated to a canteen with a cafe. The commercial units located on the ground floor of the seven-floor building are now fully leased.