Sunday, 1 February 2026
The U Boží Vody residential development in Mladá Boleslav suggests that demand for energy-efficient family homes remains solid outside Prague. Of the nine detached houses planned within the project, four have already been sold, accounting for more than 44% of the total, despite construction still being underway.
The project is being developed by Pierwood Capital and comprises nine standalone houses designed for family living. One unit serves as a show house, while four homes have been sold to date—one already completed and handed over, with three others currently under construction. The remaining four houses are still available.
Sales achieved during the construction phase indicate sustained interest in housing that combines low operating costs with a high standard of living. The project also reflects a broader shift in buyer activity toward regional cities that offer established infrastructure and suitable conditions for family life, rather than demand being focused exclusively on Prague and its immediate surroundings.
According to Pierwood Capital, the development follows a long-term approach that prioritises architectural quality, energy performance and healthy indoor environments over rapid delivery. The scheme was planned as a cohesive residential setting rather than a collection of individual units.
“For us, sustainability is not a marketing label. It must be evident in everyday living comfort, operating costs and in how a home performs over decades. The fact that a number of homes in this project were sold during construction clearly shows that this approach resonates with buyers,” said Frank Nourse, founder of Pierwood Capital.
Nourse’s development philosophy is informed by international experience gained in Africa, Ireland, the United States and across Europe, where he observed the long-term impact of poor construction quality and energy-inefficient housing. After more than 20 years working with conventional steel and concrete structures, he shifted toward timber construction as a way to improve energy performance and long-term sustainability.
Sustainability at U Boží Vody is defined through measurable design and performance criteria rather than formal certification. The homes focus on high insulation standards, the use of natural materials and modern building technologies aimed at reducing long-term energy consumption and operating costs.
The project is delivered under the ZEO Homes standard, which specialises in passive timber housing with very low energy requirements. Pierwood Capital applies this development standard across its residential projects in several regions of the Czech Republic.
