Plzeň – an excellent site for investment in Czech real estate

Post date: Sep 16, 2018 1:21:53 PM

Bottoms up! Plzeň – an excellent site for investment in Czech real estate 

The Plzeň (Pilsen) Province in the Czech Republic

The Plzeň Province borders Germany to the west and is famous thanks to the Plzeň beer manufactured in it. The province includes 7 regions : Domažlice, Klatovy ,Plzeň-město Plzeň-jih, Plzeň-sever, Rokycany, and the Tachov region.

The Plzeň province is renowned as the leading industrial zone in the Czech Republic, a role it fills thanks to the plentiful natural resources in the province, including clay and limestone from the quarries of the Šumava foothills. These natural resources have transformed Plzeň into a site for foreign investors, and many have established factories there.

The region also has a flourishing tourism industry. One of its chief destinations is the Barthomuleo Gothic Cathedral from the 13th century, which includes a 135 meter tall tower, the highest tower in all of the Czech Republic. An additional site are the historic tunnels in the Old City, which stretch underground for over 20 kilometers, one of the most extensive tunnel systems in all of Europe.

In 2015, Plzeň was selected as the cultural capital of Europe by the European Union. 

The city of Plzeň 

The city of Plzeň is the capital of the Plzeň province, and the hometown of the famous Pilsner beer. It is only an hour by car from Prague and is the fourth largest city in the Czech Republic.

The city holds the largest Beer Brewery in the Czech Republic (Pilsner Urquell) and the largest distillery in the country (Stock). Both are major attractions for tourists who visit, learn of their illustrious history and, of course, sample their products.

However, Plzeň is more than a mere provincial capital. It holds some of the best masterpieces of Gothic construction in Europe. Perhaps the best known example is the St. Bartholomew Cathedral, with the tallest Church Tower in Europe. An additional attraction is the Grand Synagogue of Plzeň , the third largest Synagogue in the world. 

Plzeň is also home to several fascinating museums, including the West Bohemian Museum (which holds the oldest collection of weapons in Central Europe) and the Brewery Museum.

The City of Plzeň holds most of the schools, businesses and factories of the province, and they are undergoing constant expansion. For example, there are plans to expand the famous Skoda factory in the city.

As of 2018, the University of West Bohemia, and particularly the Faculties of Law, Mechanical Engineering and Sciences holds some 20,000 students, who live in the dorms and residential neighborhoods of the city.

Real estate prices in Plzeň are about a third lower than Prague, and the return on investment on residential apartments in good neighborhoods range between 4 – 6%.

Are you interested to hear more about real estate investments in Plzeň ? Please contact us