Newsletter
September 2025
Residential Housing: Still a Smart Investment?
What was once taken for granted is now becoming a privilege. Despite market fluctuations, property prices in Prague continue to rise, and demand for quality housing remains high among both residents and investors. Prague maintains its reputation as a popular metropolis with limited land for development and ongoing urbanisation, which contributes to long-term growth in property values.
Over the past 10 years, Prague’s residential real estate has appreciated by an average of around 10% per year. Given these trends, we continue to see interesting investment potential in this area.
Erste Private Banking is therefore expanding its range of investment opportunities with a new qualified investor fund in cooperation with REICO Erste Asset Management. The fund will focus on the rental housing market in the attractive Barrandov area of Prague. The first project will consist of two connected apartment buildings with 207 apartments. Construction is scheduled to begin at the end of 2025. According to REICO’s estimates, the fund could offer investors an annual target return of between 6% and 9% (excluding the entry fee).
When considering this investment opportunity, investors should take into account the associated market risks, the limited availability of invested funds and the structure of exit fees, which could be substantial before the recommended investment period ends.
For more details, watch the video podcast, and feel free to contact your private banker.
Disclaimer: Full details of the product, including performance scenario illustrations and a risk description, are provided in the fund statutes (prospectuses). The information provided herein is promotional in nature. It does not constitute investment recommendations or advice as it does not take into account the specific situation of individual investors. The value of investment instruments may rise or fall, and the return of the original investment amount is not guaranteed. Past performance does not guarantee future performance. Visitors to this website may be located outside the target market for the investment instruments listed here. Only so-called qualified investors, as defined in Act No. 240/2013 Coll. on Investment Companies and Investment Funds, may invest in a qualified investor fund. Qualified investor funds are subject to a lower degree of regulation than collective investment funds.
Discover New Investment Opportunities with the Rockaway Alpha Fund
Investing in private equity is an increasingly popular way to diversify a long-term portfolio. At Erste Private Banking, we believe that alternative investments should be about 10% of every sophisticated investor’s portfolio.
That is why we have expanded our range of qualified investor funds once again – making us the first in the Czech Republic to offer our clients access to the prestigious Rockaway Alpha Fund.
This Rockaway Group fund offers a unique combination: direct access to the world of private equity and partial liquidity thanks to its quarterly semi-liquid structure. Focusing on attractive sectors such as media, e-commerce and technology, it opens up space for other interesting opportunities thanks to its strong investment background.
According to Rockaway, the fund’s target gross return is around 15% p. a. (before deduction of performance fee and excluding the entry fee). The fund aims to grow to €1 billion in size, which would establish it as one of the most significant players in Central Europe. The Rockaway Group is also supporting the fund by maintaining its share of the fund’s capital at a minimum of 20% and continuing to be strongly involved.
When considering this investment opportunity, investors should take into account the associated market risks, the fact that funds will be unavailable for the first two years, and the structure of the exit fees, which could be substantial before the recommended investment period ends.
If you would like to find out more, please contact your private banker.
Disclaimer: Full details of the product, including performance scenario illustrations and a risk description, are provided in the fund statute (prospectus). The information provided here is promotional in nature. It does not constitute investment recommendations or advice as it does not take into account the specific situation of individual investors. The value of investment instruments may rise or fall, and the return of the originally invested amount is not guaranteed. Past performance does not guarantee future performance. Visitors to this website may be located outside the target market for the investment instruments listed here. Only so-called qualified investors, as defined in Act No. 240/2013 Coll. on Investment Companies and Investment Funds, may invest in a qualified investor fund. Qualified investor funds are subject to a lower degree of regulation than collective investment funds.
How to protect and grow your family’s wealth across generations
Looking for a way to separate your personal and business finances? Unsure how to start discussing family finances with experts?
At Erste Private Banking, we can help you set up an asset management plan that reflects your values and meets your family’s needs.
“We work with renowned partners such as BDO, Deloitte, EY, KPMG and Wardens. The first consultation is always free of charge, and your private banker will be happy to connect you with experts in law, taxes and asset structuring — from growth to transfer to protection against unexpected events,” says Tomáš Petr, Director of Erste Private Banking.
In cooperation with renowned partners, we offer comprehensive consulting in the following areas:
- Structuring family asset management and legal consulting: assistance in creating foundations, endowment funds, trust funds, FKI, family offices, holding structures, and more.
- Succession and ensuring business continuity: strategies for transferring management and ownership to the next generation, preparing successors, handing over management, and selling the business.
- Creating family constitutions: formally establishing the values and rules governing the family and its assets.
- Protecting assets during life and after death: safely setting aside assets outside the inheritance regime for a predefined purpose.
- Resolving complicated life situations: divorce, health issues, insolvency, and property settlement.
- Tax and cost efficiency: optimising property transfers and reducing tax burdens.
- Inheritance, gift, and prenuptial agreements: legal support for property transfers.
Invitation
On 22 October at 8:30 a.m., we are hosting a small gathering at Werichova vila in Prague to discuss protecting and managing family assets, and philanthropy as part of a family legacy. We would be delighted to welcome you there. Simply contact your banker.
Airport lounge reservations in Prague: Travel made comfortable and safe
As the number of passengers using our airport increases, so does the number of visitors to our lounges at Václav Havel Airport in Prague. To ensure your maximum comfort, we offer the option of reserving a seat in the Erste Premier Lounge at Terminal 2 or the Mastercard Lounge at Terminal 1.
How to reserve a seat: Open the George mobile app and go to the “Extra” section. Click on the “Erste Private Banking” tile, then select the “Airport Lounges” benefit to access the reservation form and instructions.
To make a free reservation, please request a promo code via this email address. We will send you the promo code as soon as possible, but no later than the second business day if your request is received by 16:30 at the latest. You will then enter it in the reservation form.
In the reservation form, select the date and time, enter the promo code, select the lounge you want to book and enter the number of adults and children.
For more details, click here.
What do the lounges provide?
Erste Premier Lounge (Terminal 2): Priority security check, All-inclusive snacks and drinks, Children’s corner.
Mastercard Lounge (Terminal 1): Comfortable designer environment, Outdoor terrace with a view of the runway, All-inclusive snacks and drinks, Children’s corner.