The Lesser Town is a worthwhile destination for your investment - also for residential real estate

The Mala Strana Lesser Town is a district with many historic churches, monasteries and beautiful noble houses that offer almost everything you can imagine. The Malá Strana together with the neighboring Hradčany forms the historical center of Prague. It is also the only district in Prague 1 that also houses villas. Here you will find many renowned institutions, such as the Government Office of the Czech Republic and the Faculty of Mathematics and Physics of Charles University.

In the cobbled streets of Lesser Town are many charming restaurants, pretty shops and cafes. No wonder that this district inspired a number of well-known writers such as Karel Čapek, Jan Werich and Jan Neruda to write and explore their creative sides.

Would you like to live in a house or apartment on the Lesser Town?

The best preserved historical districts in Prague are Malá Strana and Josefov. The special atmosphere and the buildings, which are typically covered with red roof tiles, are particularly attractive to those who appreciate the evening peace here. Because despite its great importance for tourism, the Lesser Town is a rather quiet district.

This district has retained its historical authenticity due to the fact that there are hardly any recently constructed buildings. The city of Prague therefore devotes special care to this district and supports the renovation of historic buildings. Owners of local real estate, often long-established residents, visit the same shops, which thereby preserve the local flavor.

A pleasant atmosphere for living and thriving is also created by the numerous green areas, gardens and parks: Park Petřín, Schönborn Garden, Vojanovy Sady, Wallenstein Garden and several smaller gardens below the Prague Castle. Together with Petřín and its surroundings, they turn Lesser Town into a green oasis in the middle of the city.

Old Prague lives on in the houses and palaces of Mala Strana

Quite a few houses of the Mala Strana are unique, their history closely connected with the life stories of their creators and inhabitants, but also with the history of their architectural style. Due to the conservation of monuments, the reconstruction of these properties is often costly.

The houses and apartments have very special characteristics, which are often given by the curvature of the walls and require architecturally creative solutions. Typically, each floor is different. The apartments in Malá Strana are characterized by their own style and feature various niches, stucco decorations, box windows, beamed ceilings and other elements that are missing in contemporary architecture.

The architecture of the old Prague has remained largely intact, not only in the well-known Nerudova Street, where there are two embassies. The Italian Embassy has been located in the Kolowratpalast, a beautiful Baroque building, since 1924. The Romanian Embassy is located in Morzinsky Palac, directly opposite of it. Both palaces were designed by the Czech architect Jan Blažej Saintini-Aichel. The Lesser Town houses, as mentioned above, almost no new buildings, but there are some buildings from the time of classical modernism. The Besední Street in Malá Strana was named after the Umělecká beseda ["Artist's Meeting"], Which was exhibited here from 1924-1926 to a design by the architects František Janda and Čeněk Vořech. The building dating back to 1927, the "Osvobozené divadlo" found its temporary residence here. With the exception of two concert halls, the house of Umelecka beseda was used as a residence. An apartment in it  was occupied by the architect Frantisek Janda until his death. His neighbor was the one-armed photographer Josef Sudek for many years.

Modern life in the historic buildings of Lesser Town

The Kampa Museum is a fine example of the successful combination of a historic building with modern architecture. It was built on the site of the original Sova Mills, home of the Bakery Odkolek, which burned down in 1896. The remains of the burnt out mill were bought in 1920 by the city of Prague. After the Second World War, the Czechoslovak Academy of Sciences was located here. In the late 1990s, the Jan and Meda Mládek Foundation acquired the entire area fis used as a gallery. In the years 2000 and 2001, a complete and demanding reconstruction was carried out with the support of the Prague City Hall. The present appearance of the Sova mills, with the modern glass elements is primarily owed to the main architect Helena Bukovanska from the Atelier 8000 Prague. The neo-gothic façade by architect Josef Schulz from the end of the 19th century has been preserved, giving the Kampa Museum its characteristic form, which, as seen from the National Theater, is inseparable from the panorama of the Prague Castle.

Costly investment in the reconstruction of real estate is not an exclusive feature of recent times. For example, the Baroque Michnov Castle, which was located in Újezd, was designed by Francesco Carrati, the later builder of the famous Czernin Palace. In 1764, the palace was administered by the army, which had ruined it until 1918 due to intensive use and poor care. The complex was bought in 1921 by the Czechoslovak Turnerbund Sokol and reconstructed and completed by František Krásný. In 2002, the Michna Palac, like many other buildings on the Lesser Town, was badly damaged by the Moldovan floods. Today, the building is in rental use by a private clinic for aesthetic medicine. The terrain of the training area with tracks now serves as a parking space.