Investors ‘Czeching out’ Brno

Investors ‘Czeching out’ Brno

Friday, April 04, 2008

Regional cities in the Czech Republic are attracting investor attention, claims CERES…

Greg Gibb, investment director at CERES Group, recently stated that many of the country’s regional cities - including Brno, Plzeň, Ostrava and Most – were ‘finally getting significant attention from developers and investors’.

Mr Gibb explained: “Regional locations in the Czech Republic are becoming more popular with international investors, as they offer not only potential strong capital growth but also good yields.”

Stuart Bloomfield, associate director at CB Richard Ellis, agreed: “Regional cities have started to attract mostly private investors from abroad, who find themselves able to get the best value for their money outside of the Czech capital, Bloomfield observes.

“Of course, Prague is number one in the consciousness of most foreign investors; however, if you went to Brno, you’d find that you’d be able to get a lot more for your euro than you would here. People who invest in property abroad are quite shrewd, and they often look at property as a very personal investment. Value is attractive to individuals because they really want to see long-term returns.”

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