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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 recent months 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 Europes (Visegrad) European Cities & Regions of the Future 2006/07 and has seen sustained economic growth of over 9% for the past decade.
Brno is in Moravia and is an important tourist centre for all who want to explore the natural and cultural beauties of the South-Moravian region.
To the north of Brno there is the protected area of the Moravian Karst (Moravský kras) and to the south stretch the Moravian vineyards with their typical wine cellars. The city is surrounded by beautiful mixed forests, which offer many opportunities for tourism and cycling.
Spilberk Castle
Brno is also home to a Motorcycle Grand Prix circuit
Trinity Court
Brno Rajgard
Excellent buy-to-let opportunity- benefiting from close proximity to Brno and both high yields and capital growth.
Rajhrad is a commuter town with a
history dating back to the 13th century. Located 5km from the city limits of
Brno and 11km from the historic centre, Rajhrad has excellent public transport
links via train and bus connections.
The first phase of Trinity Court will comprise 4 buildings on 5 levels offering
135 apartments, with underground garages and some with retail spaces and offices
as well; by the completion of the project there will be a total of 300
apartments, offering a wide range of sizes and layouts (from 47 m˛ to 120
m˛), and most of them will have a terrace, balcony or garden. Construction
started in March this year with completion expected by the end of Q2 2008.
Investment Overview
▪ Excellent buy-to-let opportunity, benefiting from both high yields and
the growth
▪ Off plan investment - to complete Q3 2008
▪ Commuter town benefiting from the growth of Brno, with good public
transport connection to the city centre
▪ Rental yields (gross, including parking) expectations up to 8.02%
▪ Expected capital growth of 15 % per annum.
▪ Average unit price (including parking, cellar, excl. VAT) of 1,900,000
CZK
▪ LTV's expected up to 80% for non-resident purchasers.
▪ No local capital gains tax if held for 5 years
▪ Equity requirements starting at 225k CZK / 7.9k EUR/ 5.3k GBP
Prices per sq m˛ will range from 25,500 to
31,500 CZK and apartments will cost between 1,500,000 and 3,900,000 CZK (35,500
to 92,000 GBP; 52,500 to 137,000 EUR), including a parking space & cellar,
excl. VAT.
Petrov
Brno Fairground