Real estate prices in Slovakia continue to rise

The average price per square metre of housing real estate in Slovakia increased by Sk2,661 in the second quarter of the year to Sk36,382, thereby posting a y/y rise of 21.3 percent in the monitored period, the National Bank of Slovakia (NBS) stated.

The NBS monitors real estate prices together with the National Association of Real Estate Agencies (NARKS). The published data showed that by Q2 2007, the price per square metre had skyrocketed 104 percent since 2002.

The development of apartment and house prices in Slovakia has a clear growth trend. While in 2002 the average price per square metre of housing real estate was Sk17,832 in 2005, it grew to Sk26,088 and reached the aforementioned Sk36,382 per square meter in Q2 2007. From a regional viewpoint the highest average price per square metre of housing real estate is in the Bratislava Region - Sk47,808, up 6 percent q/q. The Trnava Region follows with Sk23,927, up 7 percent, and the Košice Region with Sk22,526 and 13.2 percent growth. SITA

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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