Brno Property Market Overview

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Brno, in many ways, is a smaller version of Prague. It has an old historical centre and is surrounded by rolling hills. From a business perspective it too attracts its fair share of FDI.

Brno is only 2 hours drive from Prague and Ostrava as well as around an hour from both Vienna and Bratislava. Its position in the south-west of the Czech Republic makes it an ideal location for distribution companies and manufacturers. Brno also does its fair share to try to attract IT companies and is becoming a sought after back-office location for companies (even ones based in Prague).

There is also a large student population, many of whom chose to stay in the area and work.

The regions infrastructure is also improving dramatically, as well as a network of new road the airport has been redeveloped in the last two years, new hospitals are being built and generally the city is on the up. Their confidence is so high they even want to have a new office tower that is taller than anything in Prague.

The healthy demand and lack of supply of property in the city has led to rising prices as well as a healthy rental market. Rentals yields are not as high as they used to be but 5-6% is still possible.

Whilst growth in 2009 could be negative, the combination of medium term future price growth prospects and healthy rental yield make this an attractive property investment location, a little more risky than Prague, but not to be overlooked nevertheless.