Real Estate, page 14
Housing and investment in Slovakia
MPs overran president’s veto on mortgage amendment
SLOVAK parliament on December 9 overran the veto of President Andrej Kiska concerning the amendment on a housing loan amendment, passing it in its original version.
Slovakia introduces real estate development fee
Funds earmarked for infrastructure, but changes face criticism.
Planetarium may replace PKO
THE COMPLEX of buildings which comprise the PKO cultural venue in Bratislava, situated on the Danube embankment, will be completely demolished.
New bus station should be finished by late 2019
THE CONSTRUCTION of the new main bus station at Bratislava’s Mlynské Nivy may be completed in the end of 2019.
Residential realty market reviving
Though on the rise, prices are still below pre-crisis levels.
Government expands definition of “investments of significance”
THE government on June 17 approved an Economy Ministry-sponsored bill expanding the legal definition of “investment of significance” and recommended parliament to pass the bill via fast-tracked proceedings.
PKO facility to remain standing, for now
THE LONG-DISPUTED Park Kultúry and oddychu (PKO) cultural, social and education venue on the Danube embankment will not be demolished anytime soon, after Bratislava city councillors refused on May 27 to abolish an earlier resolution that keeps the complex intact.
Váhostav-SK to pay debts with shares
CONSTRUCTION company Váhostav-SK, currently undergoing restructuring, will exchange 49 percent of its shares to pay of debts to unsecured creditors – primarily small-sized firms and the self-employed.
Small businesses cut out in Váhostav case
VÁHOSTAV-SK, one of the country’s biggest construction firms, is drawing headlines amid plans to pay just 15 percent of its debts to small business subcontractors as part of its restructuring plan.
Opposition files criminal complaint against Váhostav
OPPOSITION MPs Igor Matovič (Ordinary People and Independent Personalities-OĽaNO), Daniel Lipšic (independent, non-parliamentary NOVA) and Ľubomír Galko (Freedom and Solidarity-SaS) have filed a criminal complaint against an unknown perpetrator concerning the restructuring of the construction company Váhostav-SK.
Aupark retools image
THE BRATISLAVA shopping centre Aupark is launching reconstruction – more than 10 years since originally being built.
Shopping centres scaling down
Retail parks and multi-purpose centres in the regions are the latest trend in retail real estate.
More wooden construction wanted
IN SLOVAKIA, modern wooden constructions have a share of 10 percent among individual building development, and this has increased by 8 percent in the last five years.
New building law in pipeline
THE NEW construction law has been in the process of preparation for some time already.
Funding for Old Bridge cleared
THE EUROPEAN Commission has okayed €63 million from the EU’s Cohesion Fund towards the rebuilding of Bratislava’s Old Bridge and the construction of a tram line to the borough of Petržalka.
Restructuring complicates road work
Government trying to cushion blow for struggling medium and small-sized suppliers.
Builders expect an increase in activity
The construction sector will finally recover from the crisis, experts predict.
Devín – the most beautiful place to live (Plots in “Zelené Terasy”, i.e. Green Terraces Devín, now 15 percent off)
In the Bratislava borough of Devín a brand new residential area is emerging. On the south-western slopes of hillside vineyards across from Devín Castle, the first family houses have already been built, and more are soon to come. The first owners will move into their newly-built homes as early as the end of this year. Those interested in living in the middle of nature while just a stone’s throw away from the city are now eligible for the autumn offer of a 15-percent reduction on all free plots. The price per square metre is €255 including VAT. Thus, a plot in the most beautiful part of Devín can be bought for €153,000 with VAT.
PANORAMA CITY: Construction of tallest residential towers in Slovakia launched
The construction of two triangular towers PANORAMA CITY in the centre of Bratislava has just started. They will be the tallest residential buildings in Slovakia. For their construction, almost 6,500 tons of iron and 45,000 cubic metres of concrese will be used. Company Chemkostav, a.s. is the supplier of earthwork, foundation and construction site of the project. Until the end of September, there is still a chance for buyers to buy an apartment for beneficial price.
PANORAMA CITY breaks records
Since the sale of flats in the tallest residential towers in Slovakia started last March, 338 buyers have chosen to live in Panorama City. More than half of the 606 flats were sold in less than three months.
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