Orientation in the luxury real estate market is not a complete toy. The luxury segment, which includes unusual apartments and houses in prestigious locations, forms a specific part of the domestic residential market. And it has its specific requirements. However, it is one of the safest investments, because it is not so much subject to market fluctuations. The supply of luxury real estate is limited, demand is constant and the average market price is constantly growing. But how do you be sure that this property is truly exclusive?
What matters when selling or buying a luxury house or apartment? (According to the analysis, the company Luxent – Exclusive Properties, which focuses on the sale and purchase of luxury real estate).
When selling luxury real estate, different principles apply than with traditional ones. Each must be considered separately and all the specifics must be carefully taken into account. Although they are also located in the same locations as classic real estate, they cannot be compared with them and, for example, the required amount can be corrected according to them. „Correct determination of the market price requires many years of experience and excellent knowledge of the market. For luxury real estate, even more than for any other, an important part of the sale is the correct presentation of the apartment or villa for sale. Clients requesting this segment have high demands: they demand tasteful design, top quality, the possibility of adapting to their often specific requirements. Also, top customer service,“ says Jiří Kučera, director of the Luxent real estate agency – Exclusive Properties. Discretion is a matter of course, as this part of the market is captured by its considerable closedness. Given the large amounts at which real estate is sold, there must be mutual trust between the broker and the client. The art of diplomacy is indispensable: buyers and owners often act on their behalf.
Unusual views of Prague are one of the most sought-after parameters of exclusive apartments. Therefore, their location on the top floors is typical, large penthouses or duplex apartments are popular.
Photo: Luxent archive
Whether it is a historic property or a state-of-the-art project by a renowned architect, the location is always and in all circumstances a key factor. The most popular is the center of Prague, such as the Lesser Town and the Old Town, Vinohrady, Břevnov, parts of Smíchov and Dejvice, but Pankrác with growing high-rise buildings is also establishing itself. Karlín and Holešovice are among the popular districts, especially among the young generation. An exception is villas, which are widely scattered throughout Prague and its wider surroundings. As for the rest of the republic, it is impossible to generalize – according to Jiří Kučera, it depends on a case-by-case basis. In general, however, it is still true that in very attractive recreational areas, such as parts of the Giant Mountains or Šumava, exclusive second-hand properties are increasingly appearing. If you are a lover of water sports, you will enjoy modern apartments on the shores of Lipno. The MOLO Lipno resort project will offer new residents 91 exclusive apartments and penthouses. But don't hesitate for a long time, holiday properties are now booming and will soon be sold out.
People are currently taking refuge in recreational areas, which create the environment of a second home in nature. One of the new luxury projects is MOLO Lipno Resort with complete services and the possibility of year-round use.
Visualization: Luxent – MOLO Lipno Resort project
Historic properties such as castles also fall into a separate category.
Photo: Luxent archive
Although many exclusive properties are located in the same neighborhoods, the distance between them is usually large enough to preserve the privacy of residents. Whether it is solitary living in quiet suburbs or living in closed communities with 24-hour security, it is a prerequisite for residents to have the perfect infrastructure and civic amenities: from prestigious international schools to shopping malls to health care. Otherwise, the very average area can be further attracted by the high concentration of gourmet restaurants and bars. Of course, the land itself is an integral part of exclusive housing. These must reflect the level of the property – they should be in harmony with its size and offer premium equipment (swimming pools, whirlpools, cultivated gardens or gazebos, ornamental ponds, or even a tennis court).
Luxury apartments often offer much better equipment and functions than ordinary family houses, even if they do not have the land. Today, saunas and whirlpools can be easily arranged in the interior of the property.
Photo: Luxent archive
The characteristics of a luxury property include high-quality, timeless building materials with long service life and elegant touch. „Construction materials, surface treatments, modern equipment, and design must go beyond what is considered standard,“ explains Jiří Kučera, adding: „nowadays, the topic of sustainability and growing interest in the use of ecological materials is also increasing.“
The exclusive development project Březový Háj in the village of Předboj, Prague-East includes ecologically friendly and energy self-sufficient houses. Respect for the environment and savings is ensured by the architectural solution itself, which incorporated elements such as heating with a ground source heat pump – water with the floor, wall, and ceiling system.
Visualization: Villa project in Předboj, Prague-East
The visual side of a house or apartment is usually the first thing a potential buyer takes into account. „The aesthetics of luxury real estate play a leading role in the decision-making process for a large number of interested parties. In terms of style, it can be both modern and classic. However, he should always be moderate, humble to his surroundings, but still with a unique and confident appearance. Some will also appreciate appropriately incorporated innovative elements,“ says Jiří Kučera.
An equally important factor is the interior design, which should be furnished timelessly or in its original style and especially by the rest of the property. Those interested in buying are often attracted by tastefully incorporated exotic accessories or works of art.
Eccentric equipment is not harmful either. Compared to ordinary apartments, they can withstand an exclusive significant dose of luxury. What would you say about crystal chandeliers or glass walls and floors?
Photo: Luxent – luxury duplex apartment of 440 sqm, Prague 5 – Hlubočepy
Above standard in every sense of the word
Exclusive properties, thanks to their incomparably larger area compared to ordinary ones, can ensure that each member of your family has their own space and privacy. Common areas are then conceived on a generous scale: typically with a spacious kitchen, a living room sufficient for a large number of guests to meet, and also with several guest rooms. The unique features of luxury real estate, which, according to Jiří Kučera, a good real estate agent must be able to take into account, usually come with additional rooms. The exclusive features of the exceptional house include various games rooms, lounges, small fitness, saunas, spas, and swimming pools, cinemas, spacious changing rooms, and wine cellars.
The above-standard number of rooms allows you to meet a variety of needs. You can enrich the family home with your private cinema, which will surely be appreciated by all acquaintances and friends who will just come to you for film evenings.
Photo: Luxent – family mansion Panenské Břežany
Life & style
1. 11. 2022
In a renovated apartment building in Prague 8, an intimate project consisting of five duplex apartments of up to 233 m2 was created, in which elements of the historic roof were preserved. The units are completed and ready to move in. Their exclusive sale is handled by our real estate agency Luxent - Exclusive Properties.
17. 10. 2022
The chamber project Lofty Anděl includes three exclusive apartments ranging from 104 to 138 m2. They are located on the fifth floor of a renovated corner building in Prague 5 and are in loft style. The original design of each of them reflects a different design - industrial, art deco or minimalist. They can become your new home at the end of this year. The sale of luxury apartments is exclusively handled by our real estate agency Luxent - Exclusive Properties.
6. 10. 2022
The development project Rezidence Nad Černými lesy, located 30 km from Prague in Kostelec nad Černými lesy, offers 32 design apartments for sale. Exclusive sale of apartments with terrace, balcony or front garden is offered by real estate agency Luxent - Exclusive Properties.
30. 6. 2022
The interest in holiday properties in the country is not waning. However, their supply is completely insufficient after almost two years of boom. This, together with the rising price of building materials and labour, is reflected in their high prices. The new project Apartments Albeřice with 11 design units, which is growing in the mountain village of Horní Maršov - Dolní Albeřice in the Krkonoše Mountains, should help to satisfy the enormous demand. The exclusive sale of luxury apartments has now been launched by our real estate agency Luxent - Exclusive Properties! The construction of the low-rise building is expected to start towards the end of this year, with completion planned for the 4th quarter of next year.
16. 5. 2022
Are you dreaming of a new exclusive property near Prague, but at the same time close to nature? Now we have launched the sale of luxury houses in the second phase of the development project Březový háj, which is growing in the village of Předboj. It includes 4 original family villas of 6+kk and 7+kk with gardens, terraces and swimming pools - and their construction has already started! Despite the situation on the real estate market, where, among other things, prices are rising due to a shortage of building materials, interest in the project is huge. Of the sixteen houses in the first phase, only the last one is currently available for purchase. Their implementation will be completed at the turn of this spring and summer, and the entire project with the second phase should be completed in the summer of 2023.
9. 5. 2022
The steep rise in real estate prices, the rising cost of mortgages and the deterioration of their availability, inflation, the rise in prices of building materials and the shortage of building materials - this is the current situation on the real estate market. However, even this does not discourage those interested in luxury housing or a profitable investment. The demand for new flats, especially in Prague, still significantly exceeds the supply. The huge interest is also evidenced by the fact that in many development projects from our portfolio the last units remain to be purchased. In order to at least partially satisfy the "hunger" for luxury new buildings, work is in full swing. Let's take a closer look at the current developments!
15. 3. 2022
The interest in real estate, especially recreational ones, is still enormous. However, since the domestic supply is not able to cover it, Czechs are now turning their attention more and more abroad, for example to Slovakia. A development project called Marina Liptov, which comprises 33 modern apartments in layouts from 2+kk to 4+kk, is growing right next to the Slovak dam Liptovská Mara on the Váh River under the Tatra Mountains. They offer the possibility of active relaxation in their own facilities in a popular Slovak recreational location as well as the opportunity for a promising investment in an apartment. The project should be completed by the end of next year. Our Luxent - Exclusive Properties office has become the exclusive partner for their sale in the Czech Republic - let's take a closer look now!
19. 1. 2022
Winters are relatively mild in our area, but if you have a warm heart, you may miss the sunshine during the cold months. And if you experience these feelings every winter, you might want to consider investing in an apartment in a warm climate. Find out what's trending right now and which luxury properties abroad you can choose from in this article!
12. 1. 2022
Do you want to go skiing or cross-country skiing? Wondering where to spend your spring break with family or friends? Get yourself a holiday property in the mountains! You will see that you can choose from our range of exclusive properties in renowned domestic resorts in no time.
3. 1. 2022
It can already be said with certainty that 2021 will go down in mortgage history as a record year - whether in terms of the volume of mortgages arranged due to huge interest or above-standard interest rate increases. We will now take a closer look at the various factors that have shaped the mortgage market in recent months and will also be reflected in the period ahead.