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
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.
8. 9. 2021
In an attractive location of Prague 5, on the border of Smíchov and Radlice, directly below Dívčí hrady, construction of an original and timeless development project - the Garden Lofts residence in industrial style has started. The building includes 22 luxury apartments with terraces, balconies or front gardens. They are now exclusively for sale by our real estate agency Luxent - Exclusive Properties. The project will be completed in the spring of 2023. The construction is being carried out by the renowned construction company Swietelsky.
11. 8. 2021
We have opened a model house in the exclusive residential complex Březový háj in Předboj, Prague-East. Most of the 16 luxury villas, including one bungalow from the first stage, are already sold or reserved. But do not despair! During this year we are going to offer for purchase 4 more houses from the second one. The exclusive sale of luxury homes is handled by our real estate agency Luxent - Exclusive Properties. The first phase is scheduled to be completed next spring, and the entire project is expected to be finished in late 2022/early 2023.
22. 7. 2021
Wondering how to spend your summer? Are you a lover of wine, cycling or hiking? Discover the 1,200 kilometres of wine trails in Moravia! You can choose from a total of eighteen circuits named after the main wine centres. The routes ingeniously connect interesting places and offer visitors day trips and multi-day trips full of exercise and first-class Moravian wine. Once you start with one, you'll want to try the others! Here's a selection of the ones you shouldn't miss, along with a few tips on luxury living.
15. 7. 2021
Luxent - Exclusive Properties offers comprehensive services in the field of luxury real estate. To work in such a specific market, our real estate brokers require, in addition to years of experience, excellent knowledge of the real estate segment, top know-how in marketing and sales support, as well as professionalism and superior client care. An exceptional example is Zdeněk Jemelík, who specialises primarily in the sale of residential properties and development projects and also provides advice on investment acquisitions and leases.
28. 6. 2021
Golf is no longer the domain of a select few who live in exclusive apartments and family villas. Golf tourism is becoming increasingly popular in the Czech Republic. It combines a passion for sport with visits to historical monuments or trips through beautiful countryside. So whether you are a seasoned matador or a beginner, you are sure to enjoy travelling in conjunction with golf! So where to go?
16. 6. 2021
Are you planning to buy an exclusive property? In addition to luxury apartments in Prague, family villas and commercial buildings, you can also choose from historic ones! In the Czech Republic, unlike Western European countries, we have monuments that have been relatively preserved, but during the previous regime it was impossible to buy them. Since then, they have been in great demand among businessmen and celebrities. They build private residences, company headquarters, hotels, spas, restore castle parks, vineyards or develop other agricultural activities on the land. Are you interested in how this unique segment works? Lenka Munter, a specialist at Luxent - Exclusive Properties, who has valued the properties of the British royal family for Forbes in New York, will guide you through the world of historic properties. The company currently offers several castles in its portfolio, including those in Světlá nad Sázavou, Encovany and Stružná.