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Olomouc is an excellent assessment for historical estate investors and subsequent to
is a profile of the capital. Those of you who have read my newsletter earlier cognise my fair
style of presenting property so here are the facts on Olomouc as they may affect investors…

Area: 103.36 km2

Population (latest notes December 31, 2003): 101,268

Distance from grave European and Czech cities:

City /
kms

Brno /  76

Ostrava /  100

Prague /  277

Vienna /  198

Bratislava /  197

Warsaw /  474

Budapest /   389

Berlin /  500

Paris /  1 302

Average unit of time take-home pay for Olomouc ward (2003): 15 491 CZK

Average unit of time earnings for Czech Republic (2003): 17 445 CZK

Average monthly take-home pay for Czech Republic (2005 2nd Q): 18 763 CZK

Education: 16% of residents in Olomouc have University stratum education

Average fundamental measure in January: - 2°C to -4°C

Average heat in July: 15°C to 19°C

Foreign Investors in Olomouc

(by no process comprehensive, simply a selection)

Investor (Country) / Business Activity / Year /Employees (2004)

Nestle Cesko, s.r.o. (Switzerland) /  Production of drink and brown candies /  1992 /  800

Foundeik, s.r.o. (Spain) /  Foundry /  2000 /  215

M.L.S. Holice, spol. s.r.o. Group Leroy (France) /  Production of alternators; sale, upkeep and repairs of circling electrical motors /  1922 /  770

Mora Aerospace, a.s. (USA) /  Development, designing, production, testing, maintenance, repairs, modifications and creating from raw materials changes of the assemblage technique /  1999 / 640

Mora Moravia a.s. (Slovakia, Hungary) /   Manufacture and sale of culinary application appliances / 1996 /  640

Senior Automotive Czech, s.r.o. (UK) /  Production of shaped al and alloy wind for the automotive industry / 2001 /   260

SIWE, a.s. (Austria) /  Production of forming, piece and bending tools /  1992 /  143

TIMKEN Ceska Republika, s.r.o. (USA) /  Production of hypodermic and groundball bearings for automotive vehicle and application commercial enterprise /  2001 /  523

Skanska DS, a.s. (Sweden) /  Construction of motorways, municipal roads, way areas; creating from raw materials and restoration of bridges, waste matter systems /  1954 /  185

Exerion Precision Technology Olomouc, s.r.o. (Netherlands) /  Metalworking and house of representatives of metal-frame structures and structural modules /  1998 /  110

Other Investment News

Schneider Logistics, a primary worldwide supply company, gaping new mutual employment focal point in Olomouc. Thanks to this a million monetary unit investing much than 300 new importantly qualified jobs will be created present.

“We chose Olomouc principally for its adequate endow of qualified empire. The new meat will serve patrons of Schneider Logistics from all ended Europe, which is why our demands, for illustration on employees’ vernacular skills, are high,” commented Willem Jan van Vorstenbos, Managing Director of Schneider Logistics in Europe, and added: “Of course of study we mean to tender personnel the maximum varicolored breaking in relating to languages, account and in employment next to our signal software system applications matured for processing invoices.”

Kappa Packaging gaping a new building complex for the industry of business enterprise from low-backed uneven piece of wood in the commercial enterprise geographic region Olomouc – Holice nowadays. The new factory into which Kappa invested complete 11 million monetary unit will create much than 50 new jobs.

“The chief factors losing the administrative on the constitution of the new complex were the following: location in the bosom of interior Europe, knowledge and skills of the ingenious team of the district works Kappa Empack and – past but not lest – assistance of governmental organizations and representatives of local government,“ says Zden?k Suchitra, controller of the Kappa Packaging processing plant in Olomouc.

The transnational friendship Head has definite to set in motion the construction of athletics situation in Litovel, Olomouc province. Head has acquired a works in Litovel by intention of quick industry enter a new phase. Head strategy to put into 2 a million euros and initiate 120 jobs in the front step.

Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The profit of the Czech Republic is mostly in good health logistics, but too superior work fruitfulness. Litovel offers an beneficial position and on the whole full-fledged workers for our production application. Mainly acknowledgement to the outstandingly in trading operations in the Czech Republic, the top management at Head established not to determination to the cheaper work markets additional to the East of Europe, but utilise the amended roads and eruditeness in the Czech Republic.”

Olomouc Property Figures

Apartment Rentals in CZK per month (2004 3rd Q):

(average selection - exceptions can be recovered any way)

Size /  CZK/month

1 1 (studio or adult male) /  4 000 - 5 500

2 1 (1 bedroom) /  5 000 - 7 000

3 1 (2 room) /  6 000 - 9 000

4 1 (3 room) /   6 000 - 10 000

House Sales in thousands of CZK per even (2004 3rd Q):
(average range - exceptions can be recovered any way)

Size /  New Build /  Heritage Building

1 1 (studio or unmarried man) / 650 - 950 / 500 - 700

2 1 (1 room) / 800 - 1 200 /  700 - 900

3 1 (2 sleeping room) / 1 300 - 2 500 / 900 - 1 700

4 1 (3 chamber) / 1 800 - 3 000 / 1 200 - 2 100

Property Examples

(common concluding prices are normally 5 - 10% little than the asking terms)

1 ½ bedroom (2.5 1) flat accurate in the centre of the old municipality slot. Beautiful practice site beside estimation to the village square. New room and kitchen cupboards. Hardwood terrazzo and elevated ceilings. Asking price: 2 050 000 CZK

1 chamber (2 1) utterly reconstructed immediate to the center unit of town. Completely reconstructed. 52 m2. Balcony. Asking price: 1 350 000 CZK

2 chamber (3 1) recently built level on the top level of a practice location in the past middle of Olomouc. 88 m2. Balcony. Asking price: 2 266 000 CZK

As we’ve emphatic before, at we are not going to over-inflate info or try to vend you on hyped up facts. Our hope is to give a clue you to formulate the leaders property decisions viable.

Recommended Reference Websites

Olomouc seeing the sights website [http://www.olomouc-tourism.cz/index.asp?lng=en]

Olomouc metropolis website [http://www.olomoucko.cz/eng/ ]

The sources for this newsletter consist of the Olomouc town and CzechInvest.