The company bears the name of its founder and managing director Pavol Bak. It consists of the Development and Construction Departments. More details on the "About the Company" page.
Since we have our own construction division, we also act as a general contractor for most of our buildings. In addition, we also use proven outside construction companies/contractors.
We are available every working day from 9:00 to 18:00. Appointments and more information can be arranged by phone or by using the contact form on our website.
A pre-booking can be made together with a sales representative, by mutual agreement, for a period of 3 working days.
Reservation means the state after signing the reservation contract. This starts the reservation period within which the Future Purchase Contract is signed.
This term appears especially in projects where we, as the developer, use bank financing. These types of bank accounts provide maximum security for all parties (Bank, Developer and Buyer), where the developer does not have direct access to the funds from the buyer, as their disbursement to the Developer is controlled by the financing bank.
Estimated future costs will be provided to you on request in the form of a document containing the energy costs CZK/m2. These are estimated costs developed together with the energy supplier, the prices quoted are not binding on the part of the developer.
Standard furnishings are interior furnishings (Sanitary ware, Tiles, Flooring, Doors, etc.) that are an integral part of the unit and are already fully included in the price.
Each project has its own type of standard, which can be viewed in the form of a Standard Catalogue.
Yes, but you must have a certified power of attorney from the person concerned. As we pride ourselves on a personal approach, personal contact with the individual or a teleconference to confirm the details of the purchase is preferred. In the case of a purchase for a minor, assistance/signature from a legal guardian is required. The above options must not violate or conflict with the interests of the third party/child.
In apartment buildings or complexes where there are at least five residential units and at least three are owned by different persons (natural or legal persons), it is necessary to create a community of unit owners ("SVJ", often popularly called a cooperative, which, however, has nothing to do with cooperative ownership of real estate) according to the provisions of the New Civil Code (§ 1194 et seq. of the NCC).
Depending on the type of project, we use a combination of external bank financing together with our own resources. Some projects are financed entirely from our own resources.
We have more than 8 years of experience in the construction and sale of real estate. In addition, we have years of experience in commercial real estate and investment instruments on a global level. References and a summary of completed projects can be found at in the "About Us" section of the website or at this link.
Our client centre is located at Wolkerova 566/12, Prague 6. For transport, you can use the main public transport lines, especially Metro A (Hradčanská) or Bus (Sibiřské náměstí). In case of transport by car, there is a possibility of parking within the paid (blue) zones for Prague 6.
Project tours are arranged with the sales department with a minimum of 24h in advance. In the case of projects where construction is in progress, the inspection may not always be possible due to the technical condition of the project (e.g. preparation of the ceiling structure, pouring of concrete floors, etc.). However, we try to be as accommodating as possible to our clients.
The standard process is in the following sequence: reservation contract RS, future purchase contract SoSBK, purchase contract KS
The purchase can be financed with a mortgage loan or your own resources. By using our partner banks, fast and advantageous financing can be achieved, especially since there is no need for a property appraisal. In these cases, the partner banks have complete knowledge of the project, including the property appraisal.
Income tax of 15% in the case of a natural person seller and 21% in the case of a legal entity. It is paid by the seller/developer.
Furthermore, the acquisition of the property gives rise to the obligation to pay the "Real Estate Tax", whereby the owner of the property (whether a flat, house or land), registered as the owner at the Land Registry on 1 January of the year in question, is obliged to file a real estate tax return by the end of January of the year in question and pay it by the end of May of the year in question.
The warranty may cover the residential or non-residential unit and the common areas of the building where the unit is located. The warranty also applies to the components and accessories of the building, including those located outside the building on functionally related land.
The warranty period is 36 months. It begins on the date of the entry of the ownership right to the unit into the relevant land register, or on the date of the legal establishment of the unit owners' association. An exception is the warranty period for silicone and acrylic sealants, where the period for filing claims is only 6 months.