Saturday, 15 March 2025
In a significant expansion beyond Prague, YIT is preparing to launch its first residential development project in Brno, the country’s second-largest city. The move comes as demand for quality housing continues to grow in the area, driven by Brno’s rapid economic and technological development. Through a multi-million crown acquisition, YIT has secured more than five hectares of land near Šedova Street in the Židenice district. In partnership with the financial group RSJ, YIT will develop a large residential complex, with over 750 housing units and several commercial spaces planned in multiple phases. With a building permit already approved, construction is set to begin in June 2025, with the entire project slated for completion by mid-2031.
“Our entry into the Brno market is a key step in our long-term strategy to expand beyond Prague,” said Marek Lokaj, CEO of YIT Stavo. “The Moravian capital offers immense potential for residential and commercial development, with a strong economy, high demand for housing, and relatively lower land and construction costs compared to Prague.” Lokaj added that YIT is establishing a dedicated team in Brno, comprising local market experts who understand the unique needs and opportunities of the region.
Brno’s Growth Fuels Demand for Housing
Brno has emerged as a leading technology and innovation hub in the Czech Republic, with a robust economy and growing job market attracting both domestic and international companies, particularly in the software and IT sectors. This economic boom has spurred a rising influx of young professionals moving to Brno for career opportunities, increasing the demand for housing. The city is home to nine universities and major research institutions, particularly in fields such as biology, medical sciences, materials research, and nanotechnology. With around 65,000 students—about one-sixth of Brno’s population—staying in the city after graduation, the need for modern, accessible housing has never been greater.
“Brno is a highly attractive destination for students and young professionals,” Lokaj explained. “However, one of their biggest challenges is finding housing. Unlike Prague, Brno’s real estate market remains less saturated, presenting significant opportunities for new construction. We believe our project will bring much-needed, high-quality housing to this vibrant locality, meeting the demands of the growing population.”
With this project, YIT is positioning itself as a key player in Brno’s residential development landscape, and its investment reflects a broader trend of regional expansion. The company aims to help address Brno’s housing shortage while providing a modern living environment tailored to the needs of young professionals and families alike.
