Czech Housing Fund reports 9.44% annual return, expands portfolio to CZK 1.2 billion

Fond Českého Bydlení SICAV, a.s. (Czech Housing Fund) reported a 9.44% annual return for 2024 and expanded its real estate portfolio to CZK 1.2 billion, reflecting a year-on-year increase of 146%. According to the Nemovitostni-fondy.cz portal, the fund ranked among the top three performing real estate funds in the Czech market last year.

As of 2025, the fund manages 551 apartments, marking a 187% increase from the previous year. With a loan-to-value (LTV) ratio of 19%, the fund maintains one of the lowest debt levels among Czech real estate funds.

Co-founder Jakub Kořínek stated that the fund is in an active growth phase, with recent acquisitions in Příbor, Beroun, and Chomutov and plans for further expansion. Investors who have been with the fund since its establishment in 2018 have seen total returns of 63.66%.

Since 2022, the Czech Housing Fund has averaged portfolio growth of 9.14% per year. Co-founder Tomáš Novák emphasized the fund’s target of maintaining annual returns between 9% and 10%. The fund’s assets under management (AUM) reached CZK 1.029 billion in 2024, up 136% year-on-year.

According to dividend class head Lucie Šimková, the fund’s return increased by 1.17 percentage points compared to the previous year. The dividend class, launched mid-2024, posted a 6.02% return for its first months of operation.

The fund’s investment focus remains on regional rental housing, particularly in the Ústí nad Labem and Moravian-Silesian regions, where historic industrial housing estates offer investment potential. The portfolio also includes properties in Znojmo, Plzeň, Liberec, and, since 2022, in Slovakia.

Currently, the fund manages 21 properties across 13 locations, totaling 33,792 m² of leasable space, including residential and non-residential units.