Streblov: Cities are becoming denser everywhere in the world, Prague not so much
What will the real estate market look like in five years? Will Czechs start to prefer rental housing? And will wood become the number one material? Not only about that, but also about the plans, Pavel Streblov discussed the plans of the Hlavní nádraží railway station in the next episode of the Realitní podcast.
“One trend will clearly be seen in the commercial real estate market, namely dash for quality. And as far as housing is concerned, large cities, which people tended to leave due to covid, will once again play a leading role,” says Pavel Streblov, head of commercial construction at Penta Real Estate.
Cities are becoming denser all over the world, but it has been a bit tight in Prague so far. “For example, the space that would be created by bridging the Hlavní nádraží track could be exploited,” adds Streblov, adding that he is also considering joining the Penta company in the future.
Over 100,000 employees in Prague could have a rental apartment, the analysis shows
About 105,500 members of professions live in Prague, on whom the city, in addition to the socially weak, prioritizes its housing policy and offers them rental apartments. This follows from an analysis commissioned by the city’s Prague Development Company (PDS). Among the preferred professions are workers in education, healthcare and social services or firefighters, policemen and constables. About 1.28 million inhabitants are reported in Prague, in reality there are about 300 thousand more people living in the metropolis.
Historical railways brought development to cities. Of course, this still applies in the case of transport, however the area around the station is currently rather a scar on the face of cities. This is also why dormitories are often “hidden” underground in European cities. The solution just mentioned – the roofing of the rail yard – could bring thousands of square meters of space for the construction of both offices and apartments to the center of Prague.
“The way it thickens in London, for example, is absolutely unbelievable. They will build a skyscraper there with only three parking spaces for the disabled. This is still unthinkable in Prague. Here, when you build an apartment building, you are set how many parking spaces you must have,” Streblov describes some of the construction conditions in Prague.
New part Realitní club podcast you can listen at the beginning of the article and on all podcast platforms.
Director of Skanska in Realitní klub podcast: Czech legislators are just politicians. The construction law does not bode well
The domestic real estate market is frozen, but a similar situation also prevails in neighboring states. The Czechia differs only in the extreme length of the construction process and also the amount of additional costs that fall on the heads of developers, CEO of Skanska Residential Petr Michálek in the next episode of the Realitní Club podcast.
PODCAST: The recovery in the real estate market will take a year, says Evžen Korec. Only four hundred apartments were sold in the last quarter
Just two years ago, what was built was sold. The situation has changed dramatically, says Evžen Korec, one of the first Czech developers who started building apartments in Prague thirty years ago. During that time, he put thousands of them on the market.
Special Real Estate Club
Realitní Club is a multi-platform project of the newstream.cz server dedicated to real estate, focused on the B2B and B2C segment. It has three basic parts – web, print and event with a strong focus on social networks. She was the first to start special page of the Real Estate Club. The special is divided into four categories that deal with key areas of the real estate market in a “deep dive” fashion.
- Brownfields: vision and future of undeveloped areas, especially in big cities;
- Commercial realities: offices, coworking;
- New construction: development, rental housing, cooperative housing, mortgages;
- Reality and politics: how the municipality and the highest levels of central politics are involved in the construction.
will be included conversations with developers, politicians, architects and designers.