26. March 2020
The Coronavirus pandemic has affected all segments of the real estate market, including rental housing, and this doubly applies to the Bratislava short-term rental market, which, according to current estimates, consists of about 2,500 apartments. Tenants are now likely to demand flexible relationships with landlords in this uncertain time. Svoboda & Williams is therefore launching a new concept of rental housing—Flexi Rentals—fully furnished apartments with flexible rental terms.
One of the first measures enacted after the global spread of the Coronavirus was a complete ban on tourism. The full impact of this on the real estate rental market can only be speculated. Moreover, some form of regulation of this segment can also be expected. Housing units that have until now been used as accommodation for visitors and tourists are already starting to create a surplus in the selection of apartments for rent in the wider center of Bratislava. The market thus has to contend with an unprecedented disruption that will affect all landlords, including those who rent their properties on a long-term basis.
Svoboda & Williams has therefore come up with a solution for the rental market: Flexi Rentals. This new concept of rental housing offers landlords complete management services of their unused units. “Tenants will be able to sign contracts for a rental period that suits them. We believe that this type of rental option will be greeted positively by people due to the current situation,” adds David Martan, Head of the Slovak branch of Svoboda & Williams.
23. March 2020
Due to the current recommended preventive measures that aim to minimize personal contact, in addition to standard property viewings Svoboda & William real estate agents are now offering real time video property viewings. Clients can tour the property from the comfort of their own homes via WhatsApp, FaceTime, Skype, Messenger, and other apps.
“Video viewings are nothing new to the real estate market, however, the current situation has forced us to take a more innovative approach to property viewings. Just like they would schedule a normal viewing, our brokers arrange a video call with clients at a set time. Unlike previously filmed property tours, the advantage of this format is that the broker can interact with the client in real time,” explains Michaela Koudelová, Sales Department Manager.
Please contact Svoboda & Williams if you’d like to schedule a real time video viewing and our brokers will explain the process to you. Standard property viewings are still available for clients who prefer a more direct contact.
06. March 2020
The main topics of the two-day conference, which took place at the end of February 2020, were the current trends in the premium real estate market and the latest innovations in marketing. These and other issues were discussed among the participating representatives of real estate agencies from Europe, North and South America, and Australia that are affiliates of the Christie’s International Real Estate network.
Members of the Svoboda & Williams team attended this year’s conference organized by Christie’s International Real Estate. Held in Palm Beach, its program was devoted to the development of the premium real estate market, the new generation of marketing strategies, as well as to environmental issues and the impact of the coronavirus on the global economy. “The conference allowed us to see the premium real estate segment from a global perspective, making it easier to predict what awaits us in the coming period, and we also got to know what marketing tools are most effective for this particular segment,” adds Prokop Svoboda, owner of Svoboda & Williams.
“The collaboration and exchange of ideas over the two days of meetings, through both guest speakers and networking opportunities, provided our Affiliates with strategies to strengthen and grow their luxury businesses,” stated Dan Conn, CEO of Christie’s International Real Estate.
Christie’s International Real Estate has been active on the global premium real estate market for more than 30 years. It currently has affiliates in 49 different countries. Svoboda & Williams has been the exclusive affiliate for the Czech Republic and Slovakia since 2017.
17. February 2020
The Svoboda & Williams real estate agency has published its fourth Market Report, which analyzes the situation in the premium segment of the Prague residential real estate market in the second half of 2019. The most significant event of the previous year was Svoboda & Williams’ expansion to the Slovak market, and so this issue has a Czecho-Slovak theme and is published for the first time in Slovak.
The analysis contained in the Market Report is based on data from the sales and rental transactions conducted by Svoboda & Williams. Complemented by sales data obtained from the Cadastre of Real Estate with parameters that correspond to the portfolio of Svoboda & Williams, a comprehensive overview of sales and rental prices on the Prague premium residential market has been created. The Market Report also summarizes the events on the Prague real estate market, placing it within the context of the domestic and international economy. On the occasion of Svoboda & Williams’ entry on the Slovak market, the topic of the report’s Focus section this time is Bratislava.
In the second half of 2019, Svoboda & Williams recorded the following trends in the premium property segment:
- Rising demand from investors is putting pressure on property prices, causing them to increase
- Rising construction costs and premium standards of completion lead to an increase in prices in the premium real estate segment
- The average achieved price per sq. m. of the properties monitored by Svoboda & Williams had a year-on-year increase of 3%
- The number of projects whose construction began in 2019 rose by 102%
- The supply in the premium segment remains stable, it only decreased in the segment of more affordable apartments
- Demand weakened slightly due to tenants’ lack of motivation to move
- Increase of the short-term rental offer
An integral part of the Market Report is also a detailed analysis of sales and rental prices on the Prague premium residential market. It is based solely on data from realized, not asking, prices. Svoboda & Williams therefore created the Rental Price Index of S&W + VŠE analytical tool in cooperation with the Faculty of Informatics and Statistics of the University of Economics in Prague.
Svoboda & Williams Market Report | H2 2019 download (pdf)
Rental Prince Index of S&W + VŠE (pdf)
Overview of all Market Reports published so far.
24. November 2019
As usual, the SVOBODA & WILLIAMS CUP tournament took place in UNYP Aréna – Podvinný Mlýn. A total of 12 teams representing the leading companies from the world of real estate participated in the charity futsal competition. The winner of this year’s cup is the Czeck Sport Media team. The tournament raised CZK 265,100 in support of the Tereza Maxová Foundation. The amount was symbolically handed over to Terezie Sverdlinová, the director of the foundation, and Renata Langmannová, ambassador of the TERIBEAR project.
This year, the teams that participated in the SVOBODA & WILLIAMS CUP were from the 108 AGENCY, Accolade, Albatros design, Czech Sport Media, CAPEXUS, CBRE, Colliers International, CPI Property Group, CTP Invest, JLL, and Mint Investments companies, together with Svoboda & Williams, organizers of the event. This year, the cup went to Czech Sport Media, whose team defeated CBRE, who took home the silver medal. The bronze went to Svoboda & Williams. The best player of the tournament award was given to Simona Šedivá from CBRE. The best goalkeeper of the tournament award went to Daniel Sládek from Czech Sport Media.
Thanks to the voluntary contributions from the participating companies and profits from the sale of tickets to the charity raffle, this year’s SVOBODA & WILLIAMS CUP managed to raise a record CZK 265,100, exactly CZK 12,268 more than last year's record-breaking amount. The entire amount will go to the Tereza Maxová Foundation, which has been helping disadvantaged and abandoned children by enabling them to grow up in loving families since 1997.
The Tereza Maxová Foundation used last year’s proceeds to support two organizations: the Lata project, which helps socially disadvantaged children, young people, and families overcome difficult situations and focuses on the prevention of social exclusion, and the Rozum a Cit non-profit organization, which supports Czech foster families primarily through various therapeutic activities.
Just like last year, the organizers managed to create a relaxed social event for the whole family. As always, there was something in store even for the tournament’s youngest fans, and refreshments were provided by Prague Catering. The main prizes of the charity were two vouchers for accommodation in an apartment in Masarykova N°30 in Brno, and a voucher for renting a car for the weekend from the Invelt company worth CZK 7,500.
Raffle prizes for the participating teams and fans were kindly donated by the tournament’s sponsors: Invelt, Aqua Angels, Prague Chocolate by Steiner & Kovarik, Iyengar Yoga Institute Prague, Imago Mundi, Prosek Bobsleigh Track, JV Classics, Hotel Dolce Vita, Pizza Nuova by Ambiente, ORGANICS by Filip Gregor, Mooq, Luxury Dry Cleaning, La Cave D’Adrien, Chateau Dobříš, Masarykova N°30, Belsport, jsem/Lenka Štěpánková, and Wolfgang Store.
Czech Sport Media helped organize the tournament.
Download the complete results.
22. November 2019
The ceremonial opening of the Feelhome branch, located in the modern Slnečnice neighborhood, took place on Thursday, November 21st. Invited guests had the opportunity to personally meet members of the Slovak and Czech teams of Svoboda & Williams and explore the stylish space designed by Atelier SAD.
The ceremonial opening of the Feelhome branch consisted of an afternoon cocktail event with representatives of the leading investment companies, Slovak developers, members of partner companies, and selected clients in attendance. The Slovak team of the Svoboda & Williams real estate agency presented the concept of the Feelhome brand and spoke about the opportunities created by this renowned real estate agency’s entry into the Slovak market.
The Feelhome branch selected the large district of Slnečnice, which is being built in a new part of Petržalka, as the location of its office. Clients can stop by weekdays from 9:00 a.m. to 5:00 p.m.
The Slovak version of the Feelhome website.
11. November 2019
The Svoboda & Williams real estate agency is bringing its Feelhome brand to the Slovak market. Feelhome features properties from the lower and mid-priced real estate segments. The Bratislava Feelhome branch, which opened its doors in October, is located in the new Slnečnice neighborhood, the largest residential project in Slovakia.
The Feelhome brand offers apartments and family houses for sale and rent with affordable prices, yet still with the same high standard of services that clients have come to expect from Svoboda & Williams. Feelhome’s selection of properties, which currently consists of apartments and family houses for sale and rent in Bratislava and other attractive locations in Slovakia, comes with the experience of a renowned real estate agency with its own unique style of communication.
The Feelhome office in the stylish Slnečnice neighborhood on the right bank of the Danube River where Petržalka ends was designed by the SAD atelier. Slnečnice has the vibrant atmosphere of a modern neighborhood with everything that this entails: residential housing, public spaces, and greenery. Upon completion, almost 9,000 residents will call it their home. “Thanks to the gradual development of affordable and comfortable housing in Slnečnice with urban features yet close to nature, we could not have found a better place to fit the brand concept of Feelhome,” says David Martan, head of the Slovak branch of Svoboda & Williams.
Feelhome’s address is Zuzany Chalupovej 10B. It is open for clients every weekday from 9:00 a.m. to 5:00 p.m.
The Slovak version of the Feelhome website.
11. November 2019
In many ways, the Slovak real estate market shares similar characteristics with the Czech one: property prices are rising (especially in the capital city and its immediate area), interest rates are falling, and the demand for housing is higher than the supply available. These trends are not projected to change in the near future, making Slovakia a very interesting country from an investment perspective.
Analysts have been pointing out that interest rates have hit bottom and that we must expect them to rebound, but the opposite is true—the average mortgage interest rate in the Czech Republic and Slovakia is still decreasing. Banks in both markets are trying to make up for the collapse of the mortgage market. For example, the Slovenská spořitelna bank currently offers mortgages with a 0.79% interest rate (the average interest rate in the Czech Republic is 2.47%). However, with rising housing prices there is less interest in mortgages: in the second quarter, Slovak properties showed a year-on-year increase of 8.3%. The fastest rising prices are for older properties, and potential buyers will pay 5% more for new properties than in 2018. Real estate prices in Bratislava are three times higher than in other regions; in the popular district of Bratislava II – Ružinov they are even increasing by 12% annually.
Investors who are thinking about placing part of their capital in the Slovak real estate market will appreciate the fact that there are no restrictions for foreign clients in this area, except in the acquisition of farmland. What’s more, the increase in property prices is not expected to slow down. In fact, real estate costs are rising exponentially, which is reflected in the prices of new residential projects. The Slovak market also has many advantages over its Czech counterpart. For one, Slovakia doesn’t have a real estate acquisition tax, which means that, compared to the Czech Republic, properties are 4% cheaper. Slovakia is also part of the eurozone, and so investors can have confidence in a stable currency, while avoiding exchange rate risk and currency conversion fees, which are around 1%. Another benefit is Bratislava’s strategic location on the border of Austria and Hungary and close to the Czech Republic.
27. March 2019
Svoboda & Williams, a renowned real estate agency with Czech roots that has been active on the domestic real estate market for almost two decades, started offering its services in Slovakia this spring. The agency is the exclusive affiliate of Christie’s International Real Estate for Slovakia. This prestigious global network offers properties in the most sought-after locations worldwide.
Czech real estate agency Svoboda & Williams, founded by Marion Williams and Prokop Svoboda, early on established itself as the dominant player in the domestic premium real estate segment. Its reputation is founded on a progressive marketing philosophy and the high quality of its services and portfolio. In 2017, the agency became the exclusive affiliate of Christie’s International Real Estate for the Czech Republic and Slovakia. “The license we received from Christie’s was the immediate impulse for our expansion,” explains Prokop Svoboda, owner of Svoboda & Williams. Another important factor was the high level of interconnection between the Czech and Slovak markets. “In recent years, investors we cooperate with in the Czech Republic, many of them from Slovakia, have often encouraged us to extend our services to the Slovak market,” says Prokop Svoboda. Svoboda & Williams is expanding to Slovakia at a time when the country is undergoing an unprecedented real estate boom caused in part by low mortgage interest rates. Every quarter, the prices of Slovak properties set new records.
Alongside Svoboda & Williams, which focuses on premium properties, the agency is also expanding the Feelhome brand to Slovakia in order to offer high quality apartments and family houses in the mid and lower price ranges. Properties at the proverbial tip of the real estate iceberg will carry the prestigious Christie’s International Real Estate label. “Our cooperation with Christie’s International Real Estate, which is owned by the legendary auction house, offers Slovak premium property owners the opportunity to present their homes and apartments within the context of a brand with an esteemed international reputation and will therefore help them reach investors all over the world. Slovak buyers will have easy access to luxury properties in the most attractive locations worldwide,” adds Prokop Svoboda.
JUDr. David Martan RSc., who has over 15 years of experience on the Slovak market and has worked on a number of successful real estate projects, will head the Slovak branch of Svoboda & Williams. David Martan is a lawyer and holds the title of RSc. (Real Estate Consultant), which is the highest level of real estate education that one can achieve. “We offer Slovak clients the added value of distinguished brands and the know-how of an established real estate agency combined with our expert knowledge of the market. We have put together a team of real estate experts who will work in the Bratislava branch. Negotiations with property owners and local developers are under way,” stated David Martan. Svoboda & Williams will offer its services to those interested in selling, buying, or renting properties, as well as to developers. The agency’s own marketing team creates a comprehensive marketing strategy and the project’s visual identity, which it then communicates through Svoboda & Williams’ marketing channels and through the purchase of advertisements.
The Bratislava branch of Svoboda & Williams is located in Old Town on Ventúrska 12. You can find the Feelhome brand in the new Slnečnice neighborhood, which is being built on the right bank of the Danube River at the edge of Petržalka, on Zuzany Chalupovej 10B. The Feelhome office is also open weekdays from 9:00 a.m. to 5:00 p.m.
13. February 2019
The Art in Conversation event took place on February 7th, 2019, at Galerie Cermak Eisenkraft in Prague. Participants had the opportunity to meet the art world’s leading appraisers and art collection experts. Galerie Cermak Eisenkraft organized the event together with Christie’s Auction House and the Svoboda & Williams real estate agency.
The founders of Galerie Cermak Eisenkraft, Tomáš Zapletal and David Železný, have been tirelessly working to cultivate the Czech art market and, in order to achieve this goal, communicating with their potential and current clients and having conversations about various aspects of the art world is essential. Thanks to this approach, the organizers elegantly connected the concept behind the gallery with the main topic of the event – Art in Conversation: art and collecting artworks in a wider context, with individual presentations devoted to various facets of this topic.
Lord Snowdon, the honorary chairman of Christie’s for Europe, the Middle East, Russia, and India, spoke at the event. Important speakers included other Christie’s members, such as Jason Carey, the Head of the Impressionist & Modern Art Department, and Anna Povejšilová, who is an Associate Specialist in the same department. In order to appraise a work of art, it is necessary to have deep expert knowledge, and professional experience can greatly speed up the process of selection. Christie’s offers the helping hand of an agent who can help you select the right investment, which the purchase of a valuable work of art undoubtedly is.
A highlight of the event was the viewing of František Kupka’s painting La cathédrale, which will be included in the coming auction, the Impressionist and Modern Art Day Sale, which will take place on February 28th, 2019, in London. Kupka’s painting will be auctioned off together with works by Pierre-Auguste Renoir, Pablo Picasso, or Alberto Giacometti.
Christie’s global business includes the Christie’s International Real Estate network. Svoboda & Williams is an exclusive affiliate for the Czech Republic and Slovakia.