Apartments and houses are now a scarce commodity. Despite complications with building legislation, new projects are beginning to appear on the Prague real estate market with their low-energy character, green architecture or an attractive location. Read about the current situation in Prague and the future of Czech construction projects.
Interest of wealthy buyers or investors in new apartments and houses in Prague is constantly increasing. The reasons are clear: rising wages and incomes, a favorable economic situation and a desire for own housing are driving demand rapidly. However, despite the growing interest, the number of apartments and houses on the market is still not sufficient. This is mainly due to legislation preventing the start-up and implementation of new construction projects.
Despite the great demand for property of all types, developers often have their hands tied. They are limited in particular by legislation, numerous building permit issues or lengthy approval processes or complex building regulations. A major problem is the building permit, whose approval by the competent authorities sometimes can také more than 8 years. This is due to complicated Czech laws and intricate bureaucracy, on the basis of which developers must obtain approval of their projects even from 40 different authorities.
If we compare the situation with the current situation abroad, we find that our neighbors are much ahead. For example, we could learn from neighboring Germany, where approval of a building permit takes 126 days. Poland with 153 days, Austria with 222 days or Slovakia with 286 days are also doing very well.
The greatest interest in new flats and houses is in Prague, where the demand increases significantly year after year. New development projects have grown especially on the outskirts of Prague, where there is good transport accessibility, a large variety of services and suitable recreational conditions. Interest in the construction of new projects in Prague 5, Prague 9 or Prague 4, circuits with a good ratio of quality and price.
On the other hand, the least interest is in housing in Prague 1 or Prague 2, mainly due to tourism and high housing costs. Although the new homes are not built in the center of Prague, the reconstruction of older buildings, which diversify the offer of apartments on the real estate market, is increasingly popular.
Developers implementing new projects are trying to keep up with current trends. In addition to comfort and aesthetics, energy saving and connection with nature also play a major role in the current list of clients' wishes and requirements. According to statistics, the real estate market is dominated by low-energy buildings, green architecture and pure minimalism, characterized mainly by simple exterior and interior design and sparse color combinations.
Development projects are now dominated by low-energy buildings, for which environmental friendliness comes first. During the construction of real estate developers try to draw as effectively as possible from renewable sources and the same rule is also applied when furnishing interior space. In the interior, emphasis is placed on plenty of natural light or ecological cooling or heating, which saves energy and money annually.
Greenery is now a key element that plays a role in the design of new buildings. You can find it on terraces, facades or roofs. The construction of new houses and housing units on the outskirts of cities is often tied to access to local greenery, in various forms, including grassy areas and forest parks, tastefully completing the overall atmosphere of living.
Smart technologies are practical and desirable. Many development projects, therefore, focus on the use of smart yet cost-effective devices that provide more comfortable access to a wide range of tasks within the home, such as environmentally friendly heating and cooling, smart lighting or shading, allowing to operate in an efficient and gentle mode.
Whether you are looking for an investment or looking for new housing, you can visit Luxent – Exclusive Properties at Pařížská 28, Prague 1 – Josefov.
Life & style
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.
28. 12. 2021
The luxury segment, comprising unusual properties in prestigious locations, forms a distinctive part of the residential market. And it has its own special requirements. Properties that are the focus of our real estate agency Luxent - Exclusive Properties require professional brokers with perfect knowledge of the specifics of this market. They will now take you on an excursion into the world of exclusive real estate with a few selected, untouched gems!
2. 12. 2021
The jewel of our real estate agency Luxent - Exclusive Properties' portfolio are two building plots with building permits for luxury house development projects - Nad Šáreckým údolím in Prague 6 and Zahrada snů in Prague 8. The common feature of the buildings is the emphasis on the highest quality materials and equipment, the pursuit of maximum energy efficiency and also a sensitive setting in the space that honours the genius loci. You can start building your home as soon as you purchase the land. You'll also appreciate the fact that both have now seen a significant price adjustment!
10. 11. 2021
In the popular Krkonoše resort of Harrachov, an intimate project Harrachov Peaks is growing, which includes 16 unique units, including three exclusive penthouse duplexes. Our real estate agency Luxent - Exclusive Properties has launched an exclusive sale of luxury apartments with layouts from 1+kk to 4+kk. But don't hesitate for long, the huge demand for holiday properties is definitely not going to subside! Mountain residential house offers the possibility of a second home in nature and at the same time an investment opportunity. The project is scheduled for completion in December next year, and you can look forward to the handover of the units in January 2023.