Investment Property - The Gardens

Original Investment Summary - 19/07/2007 Investment Property The Gardens

Units have been independently valued at an average 19.5% below market value
Unique location which cannot be matched by anything else on the market
Property Secrets secured units as they were released to the market with the remainder of this one-phase development selling out to locals in six weeks
Excellent terms of 15% deposit and 85% on completion with a long lead time of 18 months until completion

With a truly unique location and an independently verified 19.5% discount to market value, The Gardens offers investors a rare opportunity to buy into one of the fastest growing sectors in Prague, Czech Republic at fantastic prices.

It has excellent transport links with a tram stop right outside The Gardens and is just three kilometres away from the City Centre. Just across the Vltava River is Holešovice, the old industrial heartland of Prague, which is being transformed into a new business district.

The Gardens offers investors a great location in an area where prices are set to boom. Our Czech investments this year have all experienced high demand – due to the strength of the Czech market in 2007/2008. As The Gardens is nearly 20% below market value and we only have 20 units, we advise early registration for this opportunity.

It is not surprising there is no developer’s discount, which is often featured in our deals when you look at the starting price of CZK286,136 (£78,241) and consider there is just a 15% deposit with the remaining 85% not due until December 2008.

This shows just how much the Czech property market is maturing, especially when you consider there are now 100% LTV mortgages on the market for foreigners. Although the practice of discounting the value to reach a bank value still persists, however, the discount is now around 5–10% so LTV’s of 95% are now possible.

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