Czech real estate market has rebounded quicker than Slovakia’s. While the Slovak market has nearly lost all investment buyers, real estate in the neighbouring Czech Republic, especially in Brno, just a stone’s throw from Bratislava, is seeing growing numbers of Slovak buyers.
The Czech real estate market has a lot in common with the Slovak one. However, while the Slovak real estate market has been recovering very slowly after the rise in mortgage interest rates, with prices more or less stagnant, the Czech market is experiencing a surge in demand after the intervention of the Czech National Bank.
“This summer brought a game-changing shift to revive the Czech real estate market. The Czech National Bank has dropped the DSTI limit (debt service to income ratio), most affecting a person’s ability to get a mortgage in the amount they would need. Easing this restriction has expanded mortgage accessibility, helped remove uncertainty, and reignited demand. I am convinced that this sort of measure would significantly help our market and buyers,” explains Martin Bečár, partner at Herrys real estate agency.The Czech market has thus become much more attractive than in the past, not only for homebuyers, but thanks to the minimal language barrier and proximity, Slovak investment buyers are also looking around here. In the past, the real estate of our western neighbours did not used to feature in the offer of Slovak real estate agencies. Herrys is now changing that by featuring prime residential projects in Brno, in cooperation with local developers. As for the location, which is closest for us in terms of investing abroad, Brno is drawing the most interest from among Slovaks.
The Czech market has thus become much more attractive than in the past, not only for homebuyers, but thanks to the minimal language barrier and proximity, Slovak investment buyers are also looking around here. In the past, the real estate of our western neighbours did not used to feature in the offer of Slovak real estate agencies. Herrys is now changing that by featuring prime residential projects in Brno, in cooperation with local developers. As for the location, which is closest for us in terms of investing abroad, Brno is drawing the most interest from among Slovaks.
“Whether buyers are seeking unusual, interesting projects near Bratislava purely for investment purposes or they want to help their children studying here, Brno really has a lot to offer. Thanks to great interest from Slovaks, we have decided to provide a service for buyers from Slovakia in selected development projects. They focus on modern, comfortable, and sustainable housing with an attractive rental yield,” says Filip Žoldák, partner at Herrys real estate agency.
Herrys offers you 4 residential projects directly in Brno. The projects share the feature of modern, elegant living at a prestigious address that embodies innovation with respect for the historic surroundings or nature. Architecturally, their developer works in line with the legacy of the First Republic tradition through to the current trends.
“For those interested in investment properties in the Czech Republic, we offer not only the possibility of buying an apartment in Brno, but also in recreational projects in locations that are of interest to holidaymakers or investors. Such properties, whose common element is above all quality architecture, can be managed by an operator who will ensure both occupancy and promotion. The yield can vary between 8% and 12%, according to the operator’s information. Buying an apartment in such a project provides an interesting investment opportunity at high appreciation,” Žoldák informs.
More information on projects can be found HERE.
