Why Nové Město remains a strong choice for property buyers

Buying property in Czechia has become challenging enough that many buyers and investors dismiss the city center entirely. High prices and limited supply make peripheral districts seem like an easier entry point, but for savvy real estate investors, Central Prague is still worth a closer look. 

Established neighborhoods such as Nové Město offer something newer areas cannot replicate: proven demand, complete infrastructure, and housing designed initially for long-term residents. One project that reflects this reality is Rezidence Královská. The recently renovated First Republic building offers high potential to attract buyers who prioritize durability, livability, and long-term value over short-term convenience.

What makes Nové Město especially appealing is how easily daily life unfolds. It is central without feeling overrun. Historic landmarks blend seamlessly with cafes, restaurants, theaters, galleries, and pockets of greenery (including the hidden Franciscan Garden) and the broad expanse of Karlovo náměstí, which the city has been steadily gentrifying over the last several years. 

Residential streets lined with buildings from the late 19th and early 20th centuries still function as places to live rather than spaces to pass through. This continuity, reflected in the neighborhood’s architecture and street layout, gives Nové Město a sense of permanence that newer parts of the city often lack and speaks to Prague’s broader historical development.

That stability is part of Nové Město’s appeal. It is a neighborhood where people tend to settle long-term, which helps sustain its value and explains why apartments here rarely stay on the market for long.

Rezidence Královská benefits directly from this setting. The building sits on a side street just off the area’s main transit routes. With minimal through traffic, the area feels calmer than the surrounding arteries while still offering the advantages of a central address.

Transport connections reinforce the area’s practicality. The I.P. Pavlova metro station is four minutes away, providing fast access across Prague, and the main railway station is also within walking distance. From here, everyday services, social hubs, and cultural venues are easily reached on foot, supporting long-term living rather than short-term stays.

The building that houses Rezidence Královská is an excellent example of the First Republic’s commitment to high construction standards and durable design. The neo-Renaissance facade has been carefully restored, retaining its decorative cornices, pilasters, and proportions typical of Prague’s historic residential districts. Inside, wrought iron design elements remain on the staircase, and stained glass doors on select floors have also been retained.

Units are designed around everyday use. Layouts are practical and efficient, with a natural flow that works for long-term living and rental occupancy. Many units include balconies or loggias overlooking a courtyard with mature trees, creating a sense of privacy that is uncommon in the city center. Even apartments on lower floors benefit from this greenery, which softens the surrounding urban setting.

Maisonette units offer a more lifestyle-driven approach, featuring finished floors, plastered walls, and integrated climate control systems that make the spaces easy to live in year-round. Fully completed terraces extend the living area outdoors, while features such as outdoor blinds, awnings, and fireplace inserts are available in larger units. Bathrooms are fully equipped and finished, and entrance doors throughout the building meet high-security standards.

The historic character is complemented by practical features that support everyday life. An elevator serves all floors, including underground levels. The private courtyard includes parking spaces for residents, along with a secure, fully enclosed driveway that allows direct access to the building, and brick cellars offer additional storage.

From an investment standpoint, the project appeals to buyers who prioritize long-term value over short-term gains. Demand in Nové Město remains consistently strong, particularly for smaller, well-designed apartments suited to professional tenants and long-term residents. A small number of units are still available, which is not something you see often in Nové Město, just a 10-minute walk from bustling Wenceslas Square.

Ultimately, Rezidence Královská offers something increasingly difficult to find in central Prague: the chance to own in a historic building in a prime location, without sacrificing modern comfort or privacy. The project invites interested parties to reach out via email at aneta@jansova-consulting.com or by phone: +420 775 733 667.