Practical Experiences from
the Real Estate Market

One of the areas in which BHM Group invests is residential housing. After a period of uncertainty caused by the pandemic and subsequent economic turbulence, the real estate market is starting to significantly rise again. Optimism has several reasons: energy price stabilization, interest rate lowering, and a strong labor market. These aspects create favorable conditions for both buyers and sellers of real estate. But the question remains whether these factors truly bring real results or are just expectations?

BHM Group has already completed several successful projects. One of the first was Senior Resort Štěpánka in Mladá Boleslav. This project was based on experiences from the United States and Great Britain, where similar senior living communities combined with healthcare services, amenities, leisure activities, and affordable financing are very popular, which proved to be the case here as well. The project became very popular among buyers, and all 184 exceptionally equipped apartments sold out in record time. But that was in 2021.

What is the situation like now? The year 2023 was marked by a cooling of housing demand, with market instability even leading to the end of many developers. However, at the beginning of 2024, the situation began to change. "Currently, we are offering apartments from the first sales phase of our ICON Park project in Kladno (www.icon-park.cz) and I can confirm that buyer interest is rapidly increasing. Just a few months ago, we were selling a maximum of 4-5 apartments a month, but in the last two months, we have seen a sharp increase, sometimes selling 4-5 apartments in just one week," says František Vladař, Investment & Project Director at BHM Group.

The modern ICON Park project will offer new owners all amenities such as a kindergarten, café, park with a playground and outdoor gym, and quick transportation to Prague. More than 85 % of the first phase has already been sold. The second phase of the project goes on sale this month, in September 2024. From practical experience, it is clear that the domestic real estate market is experiencing growth again in terms of the number of transactions.

BHM Group plans to expand its investments in affordable residential housing, focusing on projects combining proven, innovative, modern technologies. "We want to show on the real estate market that quality housing can go hand in hand with affordability and innovation," adds Vladař.

Looking to the future, it is expected that the stabilization of economic conditions along with innovative projects will bring further growth and new opportunities not only for investors but also for end users. BHM Group views these indicators optimistically and is ready to face further challenges that the domestic real estate market will bring. For more information about the investment group's residential projects, visit www.bhmgroup.eu.