Real Estate, page 13
Housing and investment in Slovakia
Apollo Business Centre to be demolished
The doomed Apollo Business Centre I in downtown Bratislava will be replaced by a new building, to be constructed by the HB Reavis Group developer.
New business centre opens in Senec
The first companies have already established themselves in the new centre.
Selecting mortgages more sensibly
Financial literacy of Slovaks is gradually improving as they are increasingly comparing offers of several banks. This can be seen in the number of clicks on the expert website Finančná Hitparáda.
Slovaks are taking loans unreasonably
Slovak households are taking loans at the fastest pace in the CEE region; the rate of debts has been increasing steadily since 2003, according to a recent report of the central bank.
New construction act in focus
After his predecessor failed to push through a brand new construction act, Minister Brecely is taking over this task.
Number of shopping centres rising
The retail market in Slovakia is growing, as a result of positive macroeconomic indicators and increasing trust of consumers. Along with capital, developers also keep an eye on regions.
Falling supply of available flats increases prices
The demand for available flats in Bratislava in the first three months of 2016 was higher than the supply.
Investor seeks to save a spinning mill
The priority for the new owner of Bratislava’s Cvernovka building is to reconstruct the historical spinning mill, which was declared a cultural monument.
Apollo business centre may be demolished
The developer may tear down the Apollo 1 business centre, instead of re-opening it.
Re-financing boom will intensify
A new law is set to boost interest in re-financing old mortgages.
Apollo secured, but its future is still uncertain
IT IS not clear when the tenants will be allowed to return to the Apollo Business Centre 1 building, which had to be closed due to problems with its stability.
Real estate fee draws mixed reviews
THE REAL estate development fee passed by the parliament in November 2015 should help municipalities build new infrastructure and facilities, but the extra costs will disproportionately affect people living in apartments – many of whom have lower incomes.
Sustainable construction still new
Commercial investors lead the way as green building picks up
Property prices up in 2015
BANKING analysts agree that property prices in Slovakia increased last year, which indicates a gradual restoration of the market.
New residential zone to be built in Bratislava
BRATISLAVA will have a new residential zone Podunajská Brána, situated in its Podunajské Biskupice borough.
Central will change hands
BRATISLAVA’S shopping centre Central has a new investor.
More than 3,800 new flats sold in Bratislava last year
THE POSITIVE trend in the residential market of new buildings in Bratislava continued also during the last three months of 2015.
Mixed developments in real estate
The real estate market is experiencing mixed development with the industrial sector reviving.
Brand new construction law out of sight
Instead of new legislation existing law is amended.
Most Slovaks own their housing
NINE in ten Slovaks own the place they live in, which ranks it the second highest in the European Union.
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