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Bratislava’s flat prices unlikely to fall in coming years

Experts say flat prices in Bratislava will not decrease within the next three or four years. On the contrary, prices are to expected to rise slowly but steadily.

Martin Lazík, secretary general of the National Association of Real Estate Agencies, said price growth in Bratislava should remain stable this year, increasing by about 10 to 15 percent by the end of 2007.

"The prices of flats started growing more quickly in 2006 due to the strength and wealth of the Slovak economy,” he said.

“This growth was also caused by the arrival of several foreign companies and individual buyers. The current situation in the economy is similar. Middle-sized projects or large planned residential projects may influence the growth of apartment prices," said Lazík.

He added that he does not expect a steep price increase with 20 to 25 percent being the upper limit.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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