In Prague, they invest in interesting projects for the purchase of flats and serviced apartments, thus responding to the recent downturn in the real estate market. According to a study by the Association for the Development of the Real Estate Market (ANB), large investments, including developers and real estate funds, have reached 2,000 apartments in 2021, which is more than double compared to the previous year.
Due to higher housing and mortgage prices and rising inflation, many developers started thinking about small housing projects. Some people consider creating their own portfolio of apartments,
while others seek to connect with institutional investors. Some companies have gone out to purchase housing projects in Prague, with the potential to own several apartments.
In parallel with that, there is an increase in serviced apartments, which is illustrated by the HONEST any project (https://honestricany.cz/). This concept offers fully equipped accommodation units with a kitchen and utility room, suitable for long-term and short-term stays. Serviced apartments are considered an ideal alternative to hotels, providing both living space, low cost and feelings of comfort and privacy. Vihorev Group emphasizes the high profitability of this model and its ability to respond flexibly to the current market situation.
Do you offer serviced apartments for people? One of the reasons is the ability to provide guests with a sense of home, which is especially important during long-term business trips. Serviced apartments offer more space than traditional hotel rooms, on average by 30%. They are fully equipped with everything a guest needs, including Wi-Fi, TV, washers and kitchen appliances, and reflect the local way of life, allowing guests to live like a local.
In addition, serviced apartments eliminate the uncertainty associated with renting from private individuals, provide professional standards and contribute to better psychological well-being and work results for the guest. Due to the growing lack of apartments, which is still an urgent problem on the real estate market in Prague and other Czech cities, serviced apartments are an attractive option.
M.Sc. Maxim Vihorev CHIEF EXECUTIVE OFFICER, FOUNDER
Maxim graduated from Charles University, master’s degree in First and First Degree at the First Faculty and bachelor’s degree at the Faculty of Business Administration. Active in the Czech real estate market since 2008, especially in the field of real estate sales and management. Since 2014, he has been working on the residential development market. Among his core competences are structured real estate business and their financing. The total value of completed and under construction projects exceeds CZK 900 million.
We build residential and investment properties. We achieve above-standard returns thanks to the control of the entire investment cycle of project implementation from acquisition, to construction and to subsequent operation. At the same time, we minimize the thorny risk for the holder of the investment action. Thanks to the deep knowledge of the field, we see the investment of complexity even where other types of waste of time and financial resources. In real estate, we focus on the fast-growing and long-term attractive segment of small investment housing. We place the main emphasis on the location and its specialness in terms of the potential for growth in the property’s value over time.
Vihorev.Capital SICAV, as is a fund of qualified investors according to the law. 240/2013 Coll., on investment companies and investment funds. Only a qualified investor in the sense of 272 of this Act can become a share of the fund. AVANT investin company, is a fund manager of qualified investors according to the law. 240/2013 Coll. The manager warns investors that the value of the investment in the fund may go down as well as up, and the return of the initial investment is not guaranteed.
The performance of the fund in previous periods does not guarantee the same or better performance in the future. Investment in the fund is designed to achieve income during its medium and long-term periods, and is therefore not suitable for short-term speculation. Potential investors should, in particular, be aware of the specific risks that may arise from the fund’s investment objectives, as stated in its statute. Investment goals are reflected in the recommended investment horizon, as well as in the fees and costs of the fund.
Michal has been working in managerial and business positions in the financial sector for a long time. worked for many years in the SOB corporate store. In this role, in the years 2006-2009, he issued debt securities for the bank’s dealings for large bank clients. As managing director in 2010-2016, he led the form of Institutional Banking, providing services to financial institutions (banks, insurance companies, securities dealers, investment companies, investment funds and qualified investor funds), custody and depository investment company and fund clients. Here, a fund of qualified investors stood at the crossroads of the boom. In the years 2016 and 2021, he was responsible as a member of the board of SOB Pojiovna for women of all business centers and partners, business support and follow-up forms.
AVANT is a Czech investment company founded in 2007. It is the first qualified investor fund in the Czech Republic with a holding of 31.4% (as of June 30, 2023, a total of 165 funds and subfunds under management and administration with total assets of 131.9 billion K according to AKAT). AVANT is a leader in innovative equity fund structures and the fastest growing investment company in the Czech Republic. AVANT has an experienced team of professionals with many years of experience in the sector of financial institutions. Investin company is regulated by the Czech National Bank.
More information at https://www.avantfunds.cz/cs.