Thanks to its transformation, Žižkov is currently becoming one of the most sought-after districts in Prague, with the fastest-rising flat prices in the entire metropolis. The flagship of this development is the Park District Residence, the best-selling luxury flat project in the capital.
The formerly neglected Žižkov in Prague’s 3rd district has undergone an enormous transformation in recent years, evolving into a modern, dynamically growing neighbourhood with a vibrant life. This is mainly due to the conversion of disused and neglected brownfield sites into new residential neighbourhoods and office complexes. In addition, the existing amenities are being significantly enhanced by new projects, and the existing infrastructure is being modernised and expanded. The new developments will not only benefit new residents, but also long-time locals.
‘There is a lot of talk about Karlín and Holešovice, which have been transformed from once-neglected neighbourhoods into some of the hippest districts in the metropolis after the floods. This imaginary sceptre is now being taken over by Nový Žižkov, which is becoming the brightest star in Prague’s property market. And we are delighted that our projects are playing an important role in this,’ says Jana Martínková, Sales Director of CENTRAL GROUP.
Žižkov has excellent transport connections: It only takes a few minutes to get to the city centre using the well-developed public transport system. There are also numerous sporting and cultural activities on offer, and lovers of good food and nightlife will find many renowned restaurants, bars, and cafés here. For relaxation, you can visit one of the large parks—Vítkov, Parukářka, Židovské pece, or Malešický Park. In short, Žižkov has it all.
That’s why Nový Žižkov is one of the most sought-after neighbourhoods in Prague. According to statistics, the prices of new flats here are currently rising the fastest in the entire metropolis (by more than 16% compared to the previous year), and this trend is expected to continue. This makes Žižkov not only a great place to own a home but also a great place to invest.
