Prague Residences

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SALES INFORMATION CASA CONCEPT INT.

Prague R

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Company to sell with 6 residences, 85 apartements, 7 commercial outlets, prime locations, total 8425 m2

Download catalogue: www.ccisro.de in English, Chinese and Russian language


Content

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THE RESIDENCES Residence Musilkova ................................................. 4 Residence Uvoz ........................................................ 6 Residence Na Svihance ............................................. 8 Residence Na Struze ............................................... 10 Residence Na Zderaze ............................................. 12 Residence Krizikova ................................................ 14 CZECH REPUBLIC Comparison of gross domestic product ................... 16 Comparison of price level ........................................ 16 Monthly wage per person in Czech Republik ............ 17 Exchange rate fluctuations between the Czech currency and the Euro ................................... 17 Unemployement rate ............................................... 17 Population and Tourism ........................................... 17 Top 5 highest inhabitant gross domestic product (GDP) regions in the 27 EU memberstates ............... 18 Top 5 cities in Europe .............................................. 18 The influences of the property market in Prague ....... 19 The Prague property market (subdivision into 3 segments) ................................. 20 CCI – CASA CONCEPT INTERNATIONAL S.R.O. Developments 1996 – 2014 .................................... 21 Rental revenues of the residences ........................... 21 Average rent ............................................................ 21 Status Quo of Residences, Apartments and Commercial Outlets ................................................. 22

Musilkova Residence Musilkova 7, Prague 5

Uvoz Residence Uvoz 26, Prague 1

N


Krizikova Residence Krizikova 125, Prague 8

Na Struze Residence Na Struze 5, Prague 1

Na Svihance Residence

Na Svihance 2, Prague 2, Vinohrady

Na Zderaze Residence Na Zderaze 10, Prague 2


THE RESIDENCES

Residence

Musilkova

T

his house, built around 1900, has the commanding character of a manorial

mansion. It is situated in the middle of a peaceful, private park with more than 13,000 m2

on a hill with a splendid view.

The vicinity to the centre of Prague as well as the good connection to public transport, to the motorway and the airport ensures a high degree of mobility.

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THE RESIDENCES

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THE RESIDENCES

Residence

S

Uvoz

ituated near the Prague Castle (Hrad any) in the „Malá Strana“ quarter, known for its

embassies and artists. The building, built around 1500, is one of the cultural momuments of the Czech Republic, nr. 39744/1-1000, covered by preservation orders. The view of the city

and its parks cannot be obstructed: Located in the historic center, surrounded by countryside, facing the Lobkovicka Garden and the Petrin Hill. The most prestigious location in Prague.

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THE RESIDENCES

Residence

Na Svihance

T

he Residence is facing the park and located in Vinohradi, Prague’s best Residential

Quarter – known as the „Royal District“. 1 stop from the city centre.

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THE RESIDENCES

1

2

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THE RESIDENCES

Residence

Na Struze

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n the city centre, quiet side street, next to the National Theatre and the Goethe Institute,

1 minute from Vltava river and the main shopping street, an excellent residential location.

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THE RESIDENCES

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THE RESIDENCES

Residence

Na Zderaze

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ity centre, quiet side street, a few minutes from the Vltava river and the main shopping

street, an excellent residential location.

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THE RESIDENCES

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THE RESIDENCES

Residence

Krizikova

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verlooking a lovely residential quarter that has been designated as „European

Preservation Area“ and nearby a park. 3 stops from the city center, 10 minutes travel

time.

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THE RESIDENCES

1

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CZECH REPUBLIC

Comparison of gross domestic product = GDP (2014, in %) 28 EU member states

100

Germany

124

Czech Republic

84

Slovenia

83

Slovakia

76

Lithuania

74

Estonia

73

Hungary

68

Poland

68

Latvia

64

Romania

54

Bulgaria

Result:

45 Of all 10 Eastern European countries, GDP is highest in Czech Republic.

Source: Eurostat, Czech Statistic Office

Comparison of price level (2014, in %) 28 EU member states

100

Denmark

138

France

108

Czech Republic United KIngdom

Italy

122 102

Germany Result:

64

102 Price level in the Czech Republic is still low,

compared to West-European countries.

Source: Eurostat

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CZECH REPUBLIC

Monthly wage per person in Czech Republic (2000 – Q1.2015) 2000:

13.700 CZK

Difference:

Q1 2015: 27.107 CZK Result:

+ 98%

Significant increase of the wages and

purchasing power

Source: Czech Statistic Office

Exchange rate fluctuations between the Czech currency and the Euro (2000 – Q1.2015) 2000:

35.6 CZK / EURO

Difference:

Q1 2015: 27.0 CZK / EURO Result:

+ 24%

Significant improvement in the exchange rates

against the Euro. Very strong Czech crown.

Source: Eurostat

Unemployement rate (2014, in %) 28 EU member states

9.6

Czech Republic

6.9

Prague

Result:

2.5

Prague has the lowest unemployment rate in the EU. Source: Eurostat, CZSO Public database

Population and Tourism (2014) Population

• Czech Republic

....................................................................................................

• City of Prague (12 %) Tourism

...........................................................................................

Foreign tourists per year Result:

10.5 mn

.......................................................................................

1.3 mn 8.0 mn

The city of Prague has a high additional income

from the 8 mn tourists per year.

Source: Czech Statistic Office, Czech NewsAgency, 18.1.15

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CZECH REPUBLIC

Top 5 highest inhabitant gross domestic product (GDP) regions in the 27 EU memberstates (in %) 1. 2.

Inner London

Luxembourg

3.

Brussels

5.

Prague

4.

334 %

275 %

221 %

Hamburg

192 %

172 %

Compared to:

27 EU memberstates

100 %

Czech Republic

Result:

79 %

Prague belongs to the top five regions of Europe with the highest income.

Source: Eurostat 2012, Czech Statistic Office, Regional comparison 2009

Top 5 cities in Europe (selected from a total of 106 European cities) 1. Dublin

2. Helsinki

3. Luxembourg 4. London

5. Prague Result:

(Assessment AA = Very successful economic development)

Prague belongs to the top five cities of Europe with the highest economic future development

(This evaluation is based on a ten years economic forecast)

Source: FERI, City Ranking

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CZECH REPUBLIC

The influences of the property market in Prague

Prague belongs to the top five regions of Europe, with the highest income. FERI, an internationally reputated consultancy, has selected Prague as one of the top 5 cities in Europe with the highest economic future development. The price levels and apartment rents in Prague are still below international standards. The city of Prague has a high additional income from the 8 mn tourists per year and the lowest unemployment rate of 2.5 % in the EU. High economic growth rates have enabled successive assimilation of the Czech Republic to Western European living standards, therefore Western European property and rental prices are expected in the future. In Western Europe, there is only a limited supply of properties with good future earnings potential in the market. Property prices and therefore rents, e.g. in London, Paris, Zurich, Moscow and Barcelona have reached a very high level in relation to net salaries. Good political stability, legal security, and a high level of economic growth all support investment. As a result of the country’s accession to the EU in 2004, investment in property has a significant degree of safety. EU citizens can now buy Czech property. All non-EU citizens can buy Czech property by setting up a company in the Republic (even with 100% foreign investment). Strong economic growth of Eastern European countries benefit from the lack of any international portfolio weighting by international investors. Foreign investment covers only 2% of the properties purchased in the Czech Republic, up until now.

Result:

Positive future development of the property market in Prague

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CZECH REPUBLIC

High quality standard, very good location

Price range

80,000 – 170,000 CZK / m2 3,000 – 6,300 EUR / m2

Target group

Wealthy nationals and foreigners, property funds

Future development:

Because of the limited supply of exclusive locations in Prague 1,2, 5 and 6, demand is significantly higher than supply, and so prices will grow the most in this segment.

Medium quality standard, good location

Price range

40,000 – 80,000 CZK / m 1,500 – 3,000 EUR / m2 2

Target group

Czech citizen with good salary and foreigners

Future development:

Demand outstrips supply, leading to rising prices

Low quality standard

Price range

25,000 – 40,000 CZK / m2 900 – 1,500 EUR / m2

Target group

Czech citizen with normal salary

Future development:

Significant price competition, supply will outweigh demand because this is the largest segment. Source: CCI estimates based on Prague Real Estate Market, Offshore Real Estate & Investment, Prague Residential and Commercial Real Estate Market Exchange rate: 1 EUR = 27 CZK

Quality Standards of the CCI-residences Residences : Uvoz, Na Svihance, Na Struze, Na Zderaze and Musilkova have a high quality standard and are in a very good location.

Residences : Krizikova has a medium quality standard and is in a good location.

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CCI – CASA CONCEPT INTERNATIONAL S.R.O., PRAGUE

Developments (1996 – 2014) 1996

Purchase of the residence Na Struze

1997 / 1998

Purchase of the residences Na Zderaze, Uvoz,

1998

Na Svihance, Krizikova Number of apartments: Commercial outlets:

64 /

Total rental area:

4,681 m2 742 m2

5,423 m2

incl. commercial outlets

Rental revenues in 1998 = 63,000 Euro

2005 / 2008

Purchase and renovation of the Musilkova residence

2014

Number of apartments: Commercial outlets: Total rental area: incl. commercial outlets

85 /

6,503 m2 742 m2

7,245 m2

Rental revenues in 2014 = 718,000 Euro

Rental revenues of the residences (2014, in Euro) Na Svihance

..........................................................................................................

157,000 EUR

Uvoz .......................................................................................................................... 221,000 EUR Kavalirka (Musilkova) ............................................................................................ 85,000 EUR

Na Zderaze ............................................................................................................ 111,000 EUR Na Struze

..................................................................................................................

Karlin (Krizikova)

.....................................................................................................

Total 2014

55,000 EUR 89,000 EUR

718,000 EUR Exchange rate: 1 EUR = 27 CZK

Average rent (in Euro / m2, in 2014) Apartments

Commercial

.......................................................................................................... .........................................................................................................

9.21 EUR / m2 6.85 EUR / m2

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CCI – CASA CONCEPT INTERNATIONAL S.R.O., PRAGUE

Status Quo of Residences, Apartments and

Commercial Outlets

Residences Kavalirka (Musilkova)

Uvoz

Na Svihance

Na Struze

Na Zderaze

Karlin

(Krizikova)

TOTAL

22

Unregulated tenancies

Commercial outlets

TOTAL rental area

Floor area

(Areas of common use)

TOTAL area

1,106 m2

1,106 m2

82 m2

1,188 m2

996 m2

145 m2

1,141 m2

2,187 m2

255 m2

2,442 m2

648 m2

231 m2

879 m2

1,188 m2

119 m2

1,307 m2

1,120 m2

348 m2

1,468 m2

742 m2

7,245 m2

1,180 m2

8,425 m2

(16 Apartments)

867 m2

(10 Apartments)

1,864 m2

(23 Apartments)

129 m2

(2 Commercial outlets)

323 m2

(4 Commercial outlets)

648 m2

898 m2

290 m2

(6 Apartments)

(15 Apartments)

1,120 m2

(15 Apartments)

6,503 m2

(85 Apartments)

(1 Commercial outlet)

(7 Commercial outlets)


CCI – CASA CONCEPT INTERNATIONAL S.R.O., PRAGUE

Your notices

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Prague R

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S

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D

E

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C

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S

Company to sell with 6 residences, 85 apartements, 7 commercial outlets, prime locations, total 8425 m2

Casa Concept International s.r.o., Na Zderaze 10, CZ - 120 00 Praha 2, www.ccisro.com Please contact: Paul G端nther Winkler, managing partner, Mobile: (0049) 1704008891, e-mail: paulguentherwinkler@gmx.de

Download catalogue: www.ccisro.de in English, Chinese and Russian language


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