The Prague National House in Vinohrady was not sold at auction even for the second time

Prague - The Prague National House in Vinohrady has not been successfully sold even on the second attempt by the Office for Government Representation in Property Affairs (ÚZSVM). Again, no interested party registered for the auction with a starting price of 684 million crowns. In a press release, ÚZSVM announced that it will announce a new selection procedure for the sale of the property at Náměstí Míru.

ÚZSVM took over the National House in Vinohrady at the end of 2024 from the State Cultural Fund. Since no state institution showed interest in the property, the property office offered it for sale at auction. The first round took place in mid-April, when ÚZSVM offered the house for 760 million crowns, but even after lowering the price to the current 684 million crowns, no one expressed interest in the property.

The National House in Vinohrady was built between 1893 and 1894 according to the design of architect Antonín Turk. The neo-Renaissance building has four above-ground and two underground floors. It contains three large representative halls and four social lounges. Currently, the house is primarily used for balls and other social events. Until mid-2032, the house is rented out to the company Národní dům-Kulturní dům železničářů.

Real estate auctions with high starting prices organized by ÚZSVM recently have generally ended unsuccessfully. For example, repeated attempts to sell the Central Bohemian Château Štiřín, the Prague Château Veleslavín, or the Prague Broadway Palace have failed. On the other hand, the March auction of the Prague house U Hybernů was successful, having sold for 447 million crowns; it was the second most profitable sale in the history of ÚZSVM. Currently, the property office offers about sixty buildings at auctions.