CENTRAL GROUP

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Central Group Webpage printout:
CENTRAL GROUP a.s.
EMPIRIA building (Motokov)
Na Strži 65, 140 00 Prague 4 (right next to the subway station, Pankrác)
tel: + 420 226 222 222, + 420 226 221 111
Open: MO - FRI 8 a.m. - 7 p.m.
www.central-group.cz
info@central-group.cz


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News and updates

October 2017

Looking for a home for your family in a desired location close to the subway? You now have your last chance in the listing for Letňany Gardens
Wonderful family living close to nature. This can be had in Letňany Gardens, which is being developed next to an established complex of new apartment buildings, only 5 minutes away from subway station C Letňany and the large Letňany shopping and entertainment center.

These modern, low-rise villas offer peaceful living with balconies, terraces and the front gardens that give the project its name. Scores of people have already found their homes in the first phase, and another phase is set to finish. You now have the last chance to find one for yourself in this popular project. On 1 October the 52 apartments of the last phase are going on sale. They should be completed in the middle of 2019.

There is a wide range of layouts, from starting units good for young people or investors, up to many variously spaced family apartments. There is truly something for everyone. As part of the last phase of construction, Letňany Gardens is also offering an entirely new restaurant and modern grocery store. Apartment owners will therefore be able to manage all their needs right next door.

Letňany is also popular for its many wonderful ways to spend free time. There is the vast new Letňany forest park with trails for strollers, cyclists, in-line skaters and cross-country enthusiasts. A major network of bike trails comes together directly on location. There are several nursery and primary schools, a secondary school and language school, post office and medical facility all within walking distance. Don’t wait, choose your home today in Letňany. Now is your last opportunity.



The special offer of large deluxe apartments in five locations in the center of Prague applies just to the end of October
If you are looking for a really wondrous place to live at a good address, then don’t wait and choose from the special offer available from CENTRAL GROUP. Representative units with layouts of 3+kk to 5+kk with beautiful terraces in Vinohrady, in Nikolajka in Smíchov or Bertramka, in Žižkov and in Libeň can now be yours with a bonus.

For a 3+kk unit, you will receive a voucher to buy a kitchen for 150,000 crowns, 200,000 crowns for a 4+kk unit, and finally 250,000 crowns for the largest 5+kk units. Or you can move in immediately and take up to a year to pay the balance. This offer is good only to the end of October.

For example, in the newly-completed residence Na Bertramce we can recommend the last vast maisonette with spacious roof terraces, which offer a view of the historic center and the legendary Mozart villa in the adjacent park. Not far from it you will find Residence Park Nikolajka. The last couple of apartments are available in these premium villas planted in a beautiful green location, including a 150-meter penthouse surrounded by a 117-meter terrace with beautiful views of the historic city and adjacent landscaped park.

Directly in the center of the action, just a few steps from Wenceslas Square, Residence U Muzea will delight those interested in city life. The last floor offers you a breathtakingly furnished 4+kk apartment with a vast terrace. The last large deluxe apartments with roof terraces can also be had in Residence Libeň Terraces.

But the real TOP OF PRAGUE are the large apartments on the three top floors of Residence Garden Towers in Žižkov. They offer a well-designed layout with amazing views of Prague. These completed apartments with air conditioning, outdoor blinds, deluxe bathrooms, or smart living elements will surely amaze you.



Czechs like investing in real estate and buy mainly smaller apartments as future housing for their children and for rent
Lately Czechs have been engaging in housing investment as a national sport. While in the past foreigners were predominant among investors in Prague, today they are more and more Czechs. This has been made possible primarily by the growing economy, low unemployment and cheap mortgages. As a result, the proportion of apartments purchased by customers for investment is increasing, whether they figure it’s a better place for their money than in the bank or they can increase their money by renting.

According to a study by the international consulting firm KPMG, the average gross yield on a new apartment in Prague is 4.4 percent and will pay for itself after 22 years of renting out. This is certainly worth it with a maximum of one-percent interest on savings deposits and two per cent inflation.

Czechs often buy apartments for their children to use in the future. They predominantly choose locations where they themselves live and so they look for a long-term stable tenant for the unit. Professional investors prefer projects that are tailored to them, meaning to those who are able to purchase an entire block of the same small units and possibly offer a bonus in the form of a reception to help with management. But not even this type of investor plans to rent units to tourists on short term. This only applies in the very center of Prague.


CENTRAL GROUP a.s.
EMPIRIA Building (right next to subway station C - Pankrác) , Na Strži 65, 140 00 Prague 4
Tel.: +420 226 222 222, +420 226 221 111 E-mail: info@central-group.cz

Note: All information and images used on this website are for reference purposes only. CENTRAL GROUP a.s. reserves the right to make changes.

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