14. July 2021 at 11:55

Housing in Bratislava more expensive, but demand still increased

Higher prices impacted by housing shortage.

Bratislava Bratislava (source: Sme)
Font size: A - | A +

Though the prices of new constructions in Bratislava are constantly on the rise, the demand has not decreased. Prices even went up 2.5 times year-on-year in the second quarter of 2021.

The average prices of both vacant and purchased new flats in the capital rose in the second quarter of the year as well, the TASR newswire reported.

SkryťTurn off ads
SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement
Investment Advisory Guide - Your key to understanding the Slovak business environment Investment Advisory Guide - Your key to understanding the Slovak business environment (source: Investment Guide)

Insufficient offer equals growth of prices

The average prices of new constructions in Bratislava went up by more than 16 percent y-o-y, according to the data of the Lexxus real estate agency.

In quarterly terms, the prices increased 6.5 percent compared with the first three months of the year.

“Nearly 42 percent of developers' projects reported an increase in the prices of new flats,” said Peter Ondrovič of Lexxus, as quoted by TASR. “In most cases, the growth of prices resulted from insufficient market supply.”

SkryťTurn off ads

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription -  Sign in

Subscription provides you with:

  • Immediate access to all locked articles (premium content) on Spectator.sk

  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)

  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you

  • Access to all premium content on Sme.sk and Korzar.sk

SkryťClose ad