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
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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
5
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
I
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
C
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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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