Prague is one of the most beautiful and most visited cities in the world. But what about the current development of the metropolis? Long-term problems include slow construction and a lack of new building plots. The solution lies in the revitalization of the so-called brownfields, ie currently unused places that once served, for example, railway stations or factories. In Prague, the area of the largest neglected localities gives about 250 hectares, which is more than fifty times the area of Wenceslas Square. The lives of locals are often complicated by outdated transport connections and a minimum number of parks and places to relax or for meetings.
According to a number of experts, Prague has just „got stuck“ only on historic real estate and should be modernized. The management of the capital works closely with the Institute of Planning and Development on new projects. Now, are they organizing an interactive exhibition called Prague Tomorrow? Prague priorities, where you will get acquainted with projects that are to change the face of the Czech capital in the future. You can visit it in the Center for Architecture and Urban Planning until the end of December this year. Let's introduce some of them!
When we say the Bubny-Zátory district, many Praguers probably won't even know where to look for it. And it is no wonder. It is the largest and one of the most neglected brownfields in Prague 7 and its transformation has been going on for many years. In 2018, Prague finally announced a tender for a territorial study, and an architectural study was created, which will be approved this year. Approximately 11,000 new flats will be built here for about 25,000 inhabitants and will be complemented by administrative and commercial buildings, some of which will reach the level of the 21st floor. There will also be a central park with an area of 6 hectares. The close proximity to the city center and the rich transport infrastructure further increase the attractiveness of this location. In addition, Letná and Holešovice will naturally connect.
The Vltava Philharmonic should become a cultural landmark. As the name suggests, it is to grow in the Vltavská area in Holešovice. Prague wants to keep up with other world capitals, in which modern concert halls have long stood. The Philharmonic should be a symbol of Prague's construction in the 21st century. So far, however, the entire project is in solution and international architectural competition will be announced for its design.
In the future, however, it will not be the only space in Holešovice that will take care of social life. The Prague Market is awaiting renovation. The revitalization will take place with careful preservation of the listed building of the Slaughterhouse Exchange and various industrial elements. The well-known fruit and vegetable market will remain but will be complemented by other services, shops, and space for cultural and leisure activities.
A similar situation prevails during the implementation of development projects in Smíchov. The transformation of the Smíchov railway station creates new areas for construction and improves the entire infrastructure. The station itself will be transformed into a modern transport terminal facilitating transfers between trains, buses, public transport, and the metro. A new multifunctional district will be built in the location, connected by a long pedestrian city street.
New flats will also be added on Rohan Island and on the territory of the former Žižkov freight station. "We consider the release of unused areas for construction to be a step in the right direction. Systematic cooperation with the public administration on new projects can bring a solution to the current shortage of flats in the capital. At the same time, the overall quality of life will improve, ie the positive effects will be reflected in other parts of the city, “says Jiří Kučera, director of the real estate agency Luxent – Exclusive Properties.
Prague also plans to revitalize public spaces. Restoration awaits all major Prague squares – Wenceslas, Charles, Lesser Town, and Victory Squares. Probably the biggest intervention will be Wenceslas Square, where the zones for various types of transport will be more strongly defined. Above all, trams return to the top part of it, and cars are reduced.
In the transport infrastructure, one of the most discussed projects is the new metro line D. Already in the middle of 2019, the City Council of Prague approved its construction, however, due to the coronavirus pandemic, not only construction work was postponed, but also construction tenders or deadlines for tenders were extended. So the excavation will probably start in the spring of next year. Ten stations, including one transfer station, plan to finally connect Náměstí Míru and Depot Písnice.
A new rail connection should simplify transport to the airport. It will be created thanks to the modernization of the existing railway section between Masaryk Railway Station and Kladno Ostrovec and the construction of a new exit to Václav Havel Airport. The completion of the City (inner) Circuit will significantly facilitate car traffic in Prague. So far, only 70 % of it has been implemented. The construction of the Dvorecký Bridge between the Zlíchov and Podolí embankments will ensure a better connection of the banks of the Vltava river for public transport, cyclists, and pedestrians.
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.