We have sourced some centrally located perfect buy to let apartments in Czech Republic "Boom town" Brno from just 45,000 Euros offering modern living space in a vibrant area near some of the dominant historical and economic sites of the Czech Republics second city.
Prices from
Studio 59 m2 45,000 Euros
2 bedroom 91 m2 70,000 Euros
3 bedroom 103 m2 78,000 Euros
Rental yield indications of 7.5%-9%
Brno is the second largest city in the Czech Republic and is now recognised as an investment hotspot for many reasons:
Brno is the business capital of Moravia and a large influx of big name Global businesses have relocated there and many others are planning to do so in the next 2 years.
Companies such as IBM, Minolta, Honeywell and Siemens to name just a handful have recognised the considerable benefits in this region.
For 2 consecutive years Brno won the prize for European City of the Future outgunning Warsaw, Bratislava. Budapest and Prague. Brnos fast economic growth and high GDP per capita put it ahead of other contenders .
Brno also has a well-educated workforce and is bordered by Slovakia with its growing car manufacturing industry. Brno in turn is becoming the parts, logistics and services hub to this car manufacturing explosion set to grow to 850,000 cars per annum by 2008.
As money and investment flow into this city wages are growing rapidly and so is the population. This can only mean one thing for property prices-they are going up fast!
Brno is also an important Education, Research and Science centre. It has the second largest centre for education in the Czech Republic including 6 Universities and 28 faculties.
Such a big student population leads to Brno subsequently having a highly skilled workforce
.Brno is also the Czech Republics conference and expo centre bringing 900,000 visitors to the city each year. There are also 2 fast developing business parks one totalling 39,000 Sq M.
In early 2004 Ryanair started flying daily from London Stansted and Dublin, Czech Airlines also have 2 flights per day to Prague along with Lufthansa flying into their Munich hub from Brno daily.
There are plans to further expand the Airport as continuing investment comes into the area.
Brno is strategically placed at the centre of European road and Railway routes, Prague is 2 hours by car.
Within 18 months a new Motorway will provide a fast connection to Poland and central and Northern parts of the Czech Republic.
There is a very strong rental market in Brno for new build property and annual capital growth is forecasted at 15% per annum for the next 5 years.
Brno also has substantial BTL demand and potential. Many Blue chip multinationals have head offices in the city.
There are 6 universities and 28 academies, with students coming in from across Europe and beyond to study in, most notably medicine.
What this means is that there is a solid demand for rented accommodation from business executives, undergraduates and postgraduates who stay on in the city.
Apartments can be bought from about £40,000 and generate rental returns of up to 9% per annum from tenants staying three to five years..
The apartments are also near to the Brno Fairgrounds (BVV) hosting regular international trade fairs with around 200,000 m2 of exhibition space.
With over 750,000 inhabitants, Brno is a city quickly gaining prominence in central Europe. A strong culture of science and research and development, along with high-quality educational facilities has given Brno a fine international reputation. Vienna lies a mere 110 km (68 miles) to the south, and there are strong historical ties with the Austrian capital.
High-quality construction is ensured in both of the eight story buildings, which offer a wide range of flat sizes. Balconies, underground parking and cellar space are available features, alongside quality details such as floating floors.
Brno is also surrounded by beautiful countryside, enclosed on three sides by wooded hills, and with the Southern Moravian lowlands spreading from the south of the city. The city also offers a wide range of cultural and sports activities, from opera to football, whilst the availability of shops and supermarkets compares favourably with Prague. ■
properties included in this development:
Type Size Location Price
3 bedroom 103 m2 78,000 Euros
2 bedroom 91 m2 70,000 Euros
Studio 59 m2 45,000 Euros
The apartments are also near to the Brno Fairgrounds (BVV) hosting regular international trade fairs with around 200,000 m2 of exhibition space.