The watermark explicitly says "praha.bahai.cz", which points directly to Prague, Czech Republic. The architecture, including the cobblestone square and the gothic-style building, is characteristic of the historic center of Prague. I am very confident that this is located near the Bahá'í community center or a related site in Prague. Given the distinct surroundings, I have enough information to make a precise guess.

I am 95% sure this is in Prague, Czech Republic.

then: guess