Brno is a city which has been viewed as the little brother of Prague. But over the last 5 years it has grown up to, in some ways, overshadow it’s big brother.
In terms of property prices and rents, Brno has held it’s ground more than Prague through the recent crisis. In fact, right through the crisis certainly types of properties have achieved the same sale and rent prices as the peak of the market in 2008.
If you were an investor and wanted to buy an investment property in Brno where would we advise you put your money? Pavel Parizek, from our Brno office, gives his answer to that question.
Below is a brief quote from the article:
“Brno has 29 districts but I will narrow that down to the top few that we would recommend for investment.
In terms of districts, the majority of Brno’s population lives in Brno – center. It has around 90,000 inhabitants. However the property prices in the direct center are very expensive compared to how much you can achieve in rent.
Prime locations in terms of investment return are Královo Pole and its neighbor Žabovřesky with 48,500 inhabitants. The population of these two areas has stayed basically stable over the years 2008 to 2010.
These areas are close to the Technical Park in Brno (IBM, Motorola, etc.) – where a lot of Czechs and foreigners are employed. Many of them are working here only on a project basis, which means that they are primarily interested in renting rather than purchase. Small flats (up to 50 m2) which are furnished are the best rentals to target this sector.”
Read the entire article and stay tuned for our advice on the best investment areas of Prague next week.
Residents love the proximity of everything in Brno when compared to Prague.
Updated/Aktualizováno: July 22, 2014,
