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Brno, the second largest city in the Czech Republic (population of 400,000), has been the focus of more buy-to-let investors in the last year with its combination of both high capital growth, coupled with strong yields. Brno is strategically located in the middle of three regional capitals - Prague, Bratislava and Vienna. The city has recently won an award as Eastern Europe's (Visegrad) "European Cities & Regions of the Future 2006/07" and has seen sustained economic growth of over 9% for the past decade.
Already selling its second phase which will comprise 2 buildings on 5 levels offering 105 apartments, Brno heights also offers both under and above-ground parking as well as various amenities including some retail & office spaces, 2 nurseries, playgrounds and various sport infrastructure. With a wide range of sizes and layouts (from 47 sqm to 110 sqm), most of them having a terrace, balcony or garden, the project is designed to break away from traditional tower blocks and to create a self supporting community.
Construction is expected to start in Q4 2008, with completion expected by the end of Q1 2010 promising any investor very good build cycle capital growth. Prices per m˛ will be circa 37,500 CZK with selected apartments costing between 1,857,000 and 3,402,000 CZK (76,400 to 140,000 EUR, 60,700 to 111,200 GBP), including a parking space & cellar)
▪ Excelent buy-to-let opportunity, benefiting from both high yields and consistent capital growth ▪ 10km from the city centre of Brno (2nd largest city in the Czech Republic)
▪ Great public transport links
▪ Low price per square meter at 37,500 CZK ▪ Equity requiriments starting at EUR 19,5k100 / GBP 15,1
▪ Rental Yields are expected to be at above 6%
▪ Capital Growth in the area is expected to be at least 15%
▪ Financing beginning at 85%
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