Prague is not only the capital of the Czech Republic but is successfully positioning itself as an unofficial capital of Central Europe too.
Perhaps along with Warsaw, Prague can claim to be more international and more attractive to bright, educated and aspirational workers than anywhere else in Central Europe.
* The airport (only 15 minutes from the Repy development) is looking to double its capacity as it extends its status as a regional flight hub and centre of low cost flights.
* Prague's economy is a modern service based economy with very low (less than 5%) unemployment and acts as a natural draw for FDI (Foreign Direct Investment).
* A new phase in Prague developments
What this means is that we are now looking at a 'new kind of development' which is opening up a new phase of home building.
Essentially, it is similar to when London suddenly decided to rebuild its East End. Once prices grew high enough on the Western and Northern sides of London, suddenly the East End prices looked cheap and therefore, the developers quickly realised there were good opportunities to be had.
In a very similar way, the Repy Apartments is the first major development in an area that has traditionally been working class and is now undergoing the first phase of gentrification.
This means that investors are coming into the area whilst it is still cheap (relative to the rest of Prague) and therefore has great potential for a substantial uplift along with the rest of the booming middle class Prague property market.
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Be Quick to Pre-Register Property Secrets have got 75 units to choose from, but will only allocate and sell 40 (to ensure the rental market holds up as expected). And the low prices and independent valuation mean investors will need to
Pre-Register quickly.
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This document and other documents provided are for informational purposes only.
You should take financial advice and satisfy yourself as to the appropriateness of this investment for you personal circumstances.