MoneyFest Talk: The real estate market and investment opportunities in rental housing

The guest of the MoneyFest Talk podcast was Adam Boruta, Head of Funds & Investment. In a conversation with Filip Halamíček, he presented Fidurock’s approach to real estate investing, the philosophy of its real estate fund and the outlook for the future of the rental housing market in the Czech Republic.

Long-term experience and a stable strategy

Fidurock has been active in the real estate market since 2014 and launched its first investment fund last year, backed by more than a decade of market experience.
“We opened the fund to investors and the wider public only once we were able to offer reliable know-how in the segment and deliver stable capital appreciation,” explains Boruta. The group’s investment strategy is built on residential and commercial properties.

How Fidurock selects properties

The core of the fund’s strategy lies in a strong emphasis on location. Fidurock focuses on stable, attractive districts of Prague and Brno that offer full civic amenities, established infrastructure and long-term potential for value growth.
“Our goal is a sustainable portfolio with long life expectancy, which is why we carefully assess not only economic criteria but also urbanistic and social factors,” adds Boruta.

Within the real estate fund, Fidurock primarily focuses on historic apartment buildings, fully and sensitively renovating them.
“We preserve the outer walls and staircases as a reference to their origin, but the internal layout and technologies correspond to the standards of new buildings,” he notes.

Efficient management and digitalization at the forefront

A key part of Fidurock’s strategy is modern property management. This includes virtual tours, online contract signing and efficient tenant administration.
The result is 100% occupancy of the residential portfolio. The fund provides housing not only for local residents but also for expats seeking fully equipped homes in central city locations with minimal move-in effort.

The future of the real estate market

According to Boruta, the growth of the rental housing market in the Czech Republic is inevitable.
“Czechs have a deep-rooted desire to own a home, but the affordability of ownership is increasingly difficult. The rental market will therefore continue to grow — and with it the interest in funds that offer stability and diversification,” he says.

He also points to slow permitting processes as the biggest barrier to new supply.
“Until the approval process accelerates, supply will continue to lag behind demand. In Prague alone, roughly 16,000 new residents arrive each year, but only about 5,000 new apartments are built,” Boruta warns.

At the same time, the share of households choosing rental housing continues to rise. While in the Czech Republic, one in four households rents, in Western Europe, it is roughly every second household.
“Access to mortgages is tightening. Rental housing is becoming a standard choice, not a compromise,” he adds.

Long-term investment outlook

Fidurock’s real estate fund aims to offer investors a simple, transparent, and accessible way to invest in real estate — starting from just a few hundred CZK per month, including the option to participate via DIP.

Fidurock’s long-term ambition is to rank among the leading real estate funds in the Czech Republic and reach more than CZK 5 billion in assets under management.

The fund is built exclusively on residential rental housing in sought-after locations of Prague and Brno — an asset class that represents a stable and long-term return component of any investment portfolio.
The fund does not invest in offices or development projects.

“Our ambition is to be the stabilizing element of every investment portfolio — less volatile than equity markets and delivering long-term performance,” says Boruta.

🎧 Listen to the full episode of MoneyFest Talk here.