The market has confirmed the demand for sustainability: the Timber Praha project is sold out

Living & Interior

2 minutes read

The Prague real estate market has reached an important milestone. The Timber Praha project, the capital’s first multi-story residential building constructed of wood, has found an owner for its last available apartment. This confirms a clear trend: demand for innovative and sustainable housing in the premium segment is rising sharply. The project offered a total of 62 apartments ranging from 1+kk to 4+kk layouts, each with a front garden or terrace. Sales began in the spring of 2023 and lasted just over three years.

The market has confirmed the demand for sustainability: the Timber Praha project is sold out

Timber Praha is not just another addition to Prague’s map of new developments. It is a project that has defined an entirely new category of housing in the Czech Republic. The use of cross-laminated timber (CLT) panels on such a scale was an unprecedented and bold move in the local market. With this concept, UBM Development Czechia has proven that modern technology and a return to natural materials are not only compatible but together set the highest standard. The wooden structure ensures a pleasant microclimate indoors, naturally regulates humidity, and provides exceptional acoustic and thermal comfort. The project has thus become living proof that even in a big-city environment, it is possible to build with respect for nature—without compromising on comfort or design.

For us at LEXXUS NORTON, the success of the Timber Praha project is clear evidence that the Czech market is ready for visions of the future. Today, the premium segment is defined not only by expensive materials, but also by an innovative approach and a technological edge. “The fact that the project sold out is great feedback for us. As with any pioneering concept, we were blazing a new trail and facing specific technical and legislative challenges. However, the resulting interest from clients clearly demonstrates that sustainable wood-frame buildings have a bright future in modern urban architecture,” adds Stanislava Velebilová, the project manager and real estate agent.

The LEXXUS NORTON real estate agency hereby concludes the sale of the project, which set new standards for Prague’s real estate development and showcased the future of modern construction.

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