Soaring Rents Boost Investment in Apartments and Larger Residential Portfolios

"In recent years, we have been experiencing a clear return of rental housing – the goal of the millennials is no longer to live in a home of their own – they have been discovering the charms of avocado sandwiches and of the flexibility of living in a rental property. More than 25 years after the collapse of Communism, they are thus gradually accepting the European standards. Moreover, property prices have been growing so quickly that for many Praguers renting a property is becoming the only way to live according to their preferences in the center or the wider center of Prague. All of that naturally creates upward pressure on rents," says Prokop Svoboda, the Managing Partner of the Svoboda & Williams real estate company, commenting on the current state of the residential market.

The quick growth in rents generates an increased demand for individual apartments as well as portfolios of residential properties among investors – both private and corporate. Many developers are increasingly and openly speaking about building larger residential projects with the aim of subsequently renting the units.

During its 20 years in the real estate market, Svoboda & Williams has established itself as one of the leading names in the field of residential rentals and property management, providing complex services both in English and Czech.

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