Property Off Plan - Property Investment - Buy To Let - Commercial

Price falls limited, says Rics
The latest house price survey by the Royal Institution of Chartered Surveyors (Rics) has shown nearly all its members recording a fall in prices, but the body has warned against panic.
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Avenium Residence
  • Best location within Holešovice, one of the fastest growing areas
  • in Prague – expected 25% average capital growth per annum
  • Our units have been valued at 14% below market value in an
  • independent valuation
  • 15/85 payment terms
 Avenium Residence

Why the Czech Republic?

The mortgage market is becoming more competitive with new products entering the
market. 85% LTV mortgages, with competitive rates of interest, are now available to foreign investors as standard. The Czech Republic as one of the best performing economies in entral and Eastern Europe.


Another major factor fuelling the property market is that EU citizens no longer need to form a company to buy residential property in the country. EU citizens can buy property via an EU card. This was technically possible from the moment the country joined the EU, but has only more recently been generally accepted and the bureaucratic procedures eased.


• Since joining the EU in 2004, the Czech Republic has adopted a fiscal and monetary policy that aims to align its macroeconomic conditions with the rest of the European Union.


• The Czech Republic has one of the strongestrental markets in Europe.
• Thanks to increased exports, the interest of foreign investors and the drive of domestic business, the Czech Republic continues to experience dynamic growth.

Why Prague?

Prague has become one of Europe’s (and the world’s) most popular tourist destinations. It is the sixth most visited European city after London, Paris, Rome, Madrid and Berlin.

• Prague has already seen the rise of the aspirant middle classes, who have emerged with the continuation of foreign direct investment (FDI), which has created jobs and boosted wealth.

• Although unemployment for the Czech Republic is nearer 5%, unemployment in Prague was just 2.3% in Q3 2007; a result of increased government investment and high levels of FDI.

• The city is continually attracting FDI, providing jobs and stimulating wage growth. There is likely to be continued local demand for goodquality apartments in central locations, as well as regeneration areas, which are also seeing improved investment in infrastructure.

• The market is more mature and, therefore, more liquid than many other Eastern European cities.

• The property market in the Czech Republic continues to centre heavily in the city of Prague. This was one of the first markets to attract overseas investors and this has given it longer to develop stability and a reliable rental market.

• Prague has one of the best rental markets in Eastern Europe thanks to the increase in wagesand an influx of foreign companies and workers

Why Avenium Residence?

Prices start from CZK3,135,206 (£92,212). According to an independent valuation, we have
secured these units at 14% below market value.
• Avenium Residence has excellent tram and road links direct to the centre in only five to 10 minutes. The driving time to the city centre is about five minutes, depending on the traffic.
• A key feature of this development is that it is located right next to one of the biggest residential and commercial developments in
Prague – the J&T Tower City development. This will offer 95,000 square metres of floor space on 40 storeys.
• Avenium Residence will attract well-paid professionals, such as mid-level managers and
foreigners looking to live in a fast-growing

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