Villa in Prague for half a billion. This is a ranking of the most expensive real estate in the Czech Republic
If you have a few hundred million crowns available in your account, then this report is for you. The most expensive house in the Czech Republic that is currently available is a villa in Bubeneč for half a billion, the most expensive apartment is a three-storey triplex in Prague 1 nad Vltavou for almost 350 million.
This year, prices are at a record high. Only the three most expensive houses in the Czech Republic together cost over a billion crowns.
The common denominators of the most expensive houses and apartments are the same every year. Premium location mainly in Prague 1 or Vinohrady near apartments, Hanspaulka, Troja and Bubeneč near houses. With one exception, all the most expensive Czech houses and apartments are always in Prague.
Of course there is a generous area, views, terrace, parking. What’s new is the emphasis on interior and design. “It simply came to our notice then. Without a top architect, this is basically unthinkable for the best apartments today. At the same time, human labor and luxury materials have become significantly more expensive, and all this will be reflected in the price, ”says Prokop Svoboda of Svoboda & Williams, which specializes in the sale of the most expensive properties.
Rankings of the most expensive real estate
All this is confirmed by the most expensive house in the Czech Republic, which has made it just under half a billion. It is offered exclusively by Engel & Völkers. The astronomical price tag of the property, which has only been on the market for a few days, brings together both the location and the interior and equipment of the house.
Five floors of endless luxury
On the foundations of the originally First Republic villa in the diplomatic part of Bubeneč, five floors of a new villa were built – three above ground and two below garden levels – combining Cubism with modern technologies. The leitmotif of the whole building is endless luxury. Marble, first-class French crystal, the floors in the halls are inlaid with semi-precious stones, there is amethyst or pink onyx. Clive Christian, a British interior designer (and, by the way, also the author of the world’s most expensive perfume), is responsible for the furniture and furnishings of the entire house.
The first floor of the villa occupies a balcony overlooking the garden, a dining room for the whole family and a kitchen equipped with Sub-Zero appliances. There are a total of five bedrooms, three large walk-in closets and four luxury bathrooms on the other two floors above the ground. Under the roof there is a study with its own kitchenette and entrance to a large terrace. Below the level of the garden, the new owner has the opportunity to realize himself – on two floors, there can be either a wellness or another separate apartment.
The whole villa is controlled by an artificial brain Smart house, the entrance is fingerprinted, the house is guarded by the most advanced security system, there is a 360-degree camera in each room. The control panels are decorated with Swarovski crystals, of course.
The question, of course, is whether the amethysts on the floor and the Swarovski on the wall will withstand the difficult times that the coronavirus crisis and the impending recession will undoubtedly bring. But what will happen best with business, society and reality so far is crystal ball divination.
The biggest real estate moguls
As part of the Reality 2020 special, Forbes also compiled an overview of the largest real estate magnates. In the selection you will find the ten most influential and largest real estate businessmen that you should know. When choosing the magazine, it took into account not only the size of their real estate portfolio, its value and the number of apartments built and sold. It was also a real impact on the appearance of the city, their influence and the ability to catch up. And it is no coincidence that their business revolves mainly around Prague.
The prices of the most expensive real estate are not falling anywhere yet, some have risen in price due to the weakening crown, because their price tag is in euros. “But what we see is the cooling of the market – due to the quarantine, meetings and tours are of course canceled, new demands have frozen in recent days,” describes Michal Kniha from the exclusive real estate company Engel & Völkers, which also offers the most expensive house on the Czech market.
Crosses avoid luxury
The behavior of this specific market in the last crisis could help. “As a developer, I experienced the crisis of 2008, and even though prices fell drastically at that time, the luxury segment will fall the least and disappeared the fastest,” says Ilona Mančíková, who heads Czech Republic Sotheby’s International Realty and the most expensive apartments and houses.
“We know from history that investors in the highest real estate segment are not affected by the crisis in principle,” says Jiří Kučera, director of Luxent, which also specializes in luxury real estate.
“The crisis would fundamentally affect the liquidity of the luxury reality,” adds Prokop Svoboda. “Experience from the previous crisis says that luxury reality is going down first, but after the crisis it will be the first to set new records again,” believes Chief Svoboda & Williams.