Prague
Prague is a statutory city and the capital of the Czech Republic, the administrative center of the Central Bohemian Region and its two districts: Prague-East and Prague-West. Forms an independent administrative-territorial unit of the country.
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2024: Daughter-in-law of ex-Czech president Vaclav Havel sells palace for $43m
In June 2024, Dagmar Gavlova, daughter-in-law of ex-Czech President Vaclav Havel, sold the Lucerne Palace in central Prague for $43 million to BTL, Forbes reports.
They created a joint company, Palác PL., where Gavlova invested the palace. BTL received 75% of the shares, and Gavlova retained 25%. Funds from the sale will go to the reconstruction of the palace.
Gavlova noted that she wanted to find a buyer who would preserve the cultural heritage of the palace. According to her, many billionaires wanted to purchase the building, but even a small repair requires significant costs.
The Lucerne Palace, built in the 1920s, was the first reinforced concrete structure in Prague. It was designed by engineer Vaclav Havel, grandfather of the future president. In 1989, the palace was returned to the Havel family under the restitution law.
BTL previously saved the Karlovy Vary Municipal Savings Fund by buying it out during the COVID-19 pandemic and opening it for cultural events.
2021: Average monthly rent for a one-room apartment in central Prague - $809
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