• 6.5% discount off the development's list prices - Property Secrets has first choice of units not yet released on the local market
• Colliers International has valued our units at 8% below market value on average
• Excellent payment terms of 10% on reservation and the remaining 90% near completion in 2 years time - maximising capital return on your investment
• This development is in the area of Prague that has seen the highest price growth over the past two years with 33% per annum
• An up and coming neighbourhood in one of the most affluent and desirable residential areas in the city with excellent access routes to the city centre and airport

Property Secrets is offering 20 units in the small, high-quality Prague development of Smichov Heights. The development is in the neighbourhood of Kosire which is part of the highly desirable residential district of Prague 5 (known as Smíchov). Kosire is an up and coming neighbourhood in the district yet is next to Andel, the city's equivalent of London's trendy Angel Islington.

We have secured a discount of 6.5% off the list price and first choice of the 80 units in the development.

We are offering this investment on a fee basis - and because we are accepting no commission from the developer we are able to pass the entire 6.5% discount on to our investors.

We have also secured payment terms of 10% on reservation and 90% near completion in 24 months time, after the building permits have been issued. A long completion time means investors can enjoy capital growth for over years before drawing down the final 90%.

These are currently the best payment terms available on the Czech property market. The local market will be offered staged payments of 20/30/50 on this development.

We have been offered exclusivity on this deal - the developer will not be dealing with any other investor group.

An independent valuation by Colliers International has valued our units at 8% below market value.

Smíchov has seen the highest growth in the city over the past 12 months with capital growth of 33% in 2007. We forecast price growth of 40% over the next two years for the area.

This is an affluent area of Prague and considered a highly desirable residential district. The neighbourhood of Kosire, on the outskirts of Smíchov, is now starting to attract investment and development as demand starts to push out from the centre of the district to out-lying neighbourhoods.

The site is elevated with views of the river and across the city and the district has plenty of public parks and green areas.

Despite having a very spacious feel to the area, Smíchov Heights is located just ten minutes from the city centre.

Public transport links are excellent. Bus and tram stops are located within 300 metres of the development. Metro Stop, Andel, is just a 7 minute journey by tram.

Andel is a vibrant area with plenty of bars and restaurants. This is where the Prague locals hang out and is considered the cool part of the city. It can be compared to Angel Islington in London.

Smichov Heights is 15-20 minutes by car to the airport; and the D3 motorway, which leads to secondary city Pilsen, and towards the German border, is just 3.5km from the development.

Smichov is one of the main business districts of the city and is home to numerous office buildings that house companies such as Johnson & Johnson, Hochtief and Pfizer. One of the largest business parks in Prague, Business Park Kosire - home to 60 companies - is just minutes from the development.

As well as being an established business district, Smichov is also a popular shopping and entertainment destination with two cinema multiplexes and several shopping malls including Nový Smíchov shopping mall, one of the biggest in Prague.

There is huge demand for residential property in the district and this is reflected in the impressive price growth in 2007.

With few available development sites in the area, the supply of new build apartments cannot meet demand and is likely to fall even further behind.

When this development completes in 2010, we believe there will be even greater demand than currently for this type of product on the market.

Smíchov Heights is a small development of just 80 units and will be finished to a very high quality.

We are working with a developer who has an excellent track record and a reputation for an exceptionally high standard of finish.

A development of this standard in this area of Prague will always prove popular with residents for resale and rental purposes.

With total property prices including parking starting from around just £100k, this represents an excellent opportunity to invest in one of the best areas of a blue chip capital city.

Investors should consider Smíchov Heights, if they want an investment in one of the most sought after residential areas in one of the best performing and least risky property markets in Europe. Key to this investment is its location in Kosire, one of the last undeveloped neighbourhoods of this district.

The Czech Republic currently offers excellent capital growth along with one of the most established rental markets of all of the new EU member states.

It is also a market that offers a sophisticated mortgage market with low interest rates and good LTVs and terms.

We strongly believe we are offering the best deal terms on the best development currently on the market in Prague.

Recommended Reading

• Czech Property Market Profile
• Prague Investment Decision Maker

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