About Us Contact Us Site Map

Locations - Prague

Historical Prague

Set on the banks of the Vltava River, Prague has been renowned for centuries for its picturesque, romantic beauty, charm and lively musical and artistic life. Indeed, the ‘fairytale’ city of Prague has always played an important part in the history of Europe. It is noted for its beautiful Gothic, Baroque, Romanesque, Art Nouveau and Cubist architecture and stunning examples of many styles remain to this day. The city’s historical centre, never bombed in World War II, is a UNESCO World Cultural Heritage Site. Some of Prague’s historical attractions include Prague Castle, St Vitus Cathedral, St George Basilica and the famous medieval Charles Bridge. The Lesser Town beneath the castle has palaces from the 17th and 18th centuries.

The old town

The old town across the Charles Bridge is the location of many of Prague’s top tourist sites, such as the old Town Hall with its astronomical clock, the Gothic Tyn Church and the Jewish quarter with its old cemetery and six synagogues. The area around Wenceslas Square is the main shopping area of the city. To the south is Vysehrad which has a Slavin Cemetery honouring the intellectuals and artists of Prague. It also has some great examples of Cubist architecture.

Modern Prague

Prague of today is very much a modern European metropolis, full of youthful energy and with a lively street scene. Since the fall of Communism, Prague has rapidly regained its cafe culture and is now seen as ‘Paris of the East’.

Foreign investors

Prague remains the number one location in the Czech Republic for foreign investors, being the country’s leading industrial centre and one of Europe’s most beautiful and historic cities. It is currently also the top destination for investment property in the Czech Republic. It now attracts more than 3 million tourists each year, and that number is constantly increasing. Numerous foreign businesses have been drawn to Prague due to its central location in Eastern Europe and the country’s cheap labour costs.

Real estate market

The introduction of a market economy has created substantial increases to Czech wages and subsequently a higher demand for housing; something that is particularly evident in Prague. There has also been an influx of foreigners arriving in the city, which is further adding to demand for property in Prague. Many Czechs are purchasing single–family homes in the suburbs or new–build apartments in the city, while foreigners tend to look for villas and apartments in affluent central and inner–city areas. The current supply of newly built apartments does not meet the demand for them.

Related items

Documents and Reports

	Czech Republic property investment report (360Kb)
Documents and Reports

Other related pages

Bookmark with:	What are these?
DeliciousDiggredditFacebookStumbleUpon