5. January 2025 at 20:14

VAT hike threatens flat prices

The Bratislava property market showed signs of recovery in 2024.

Tomáš Vašuta

Editorial

In the third quarter of 2024, a total of 3,392 flats in new developments across 93 projects were available for sale in Bratislava. In the third quarter of 2024, a total of 3,392 flats in new developments across 93 projects were available for sale in Bratislava. (source: TASR)
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It seems that the property shock and subsequent cooling of the entire market have been overcome. This is evidenced by the latest figures for the Bratislava new-build market in an analysis from Bencont Investments.

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According to the firm's research, buyers are slowly returning to the market, as reflected by sales figures. A major uncertainty, however, is how 2024’s sales will be affected by the increase in VAT, which rose from 20 percent to 23 percent in 2025. This rise is expected to impact property prices significantly.

Room (s)

Number of flats

Average area (sq m)

Average price per sq m (€)

Average absolute price (€)

1

70

34.64

5,043

183,798

2

193

50.35

4,679

249,903

3

81

75.41

4,636

374,691

4

31

101.51

4,381

479,867

5

5

162.12

3,544

616,23

Total

380

58.44

4,702

284,669

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Broader supply

In the third quarter of 2024, a total of 3,392 flats in new developments across 93 projects were available for sale in Bratislava. This marks an increase of almost 5 percent compared to the same period last year. Analysts, however, warn that the majority of flats on offer are still under construction, with the proportion of completed flats at just under 43 percent.

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