Spectator on facebook

Spectator on facebook

Many Slovaks buying Hungarian property

The traditional Hungarian border region of Transdanubia, and the part near Bratislava in particular, has seen a property boom lately, with Slovaks buying houses and land worth a total of Sk250 million (€7.4 million) over the past 12 months, real estate agents confirmed on September 19. The trend has been facilitated by mortgages provided by Hungarian banks.

"Real estate in the Hungarian region of Transdanubia is at least 30 percent cheaper than in the city of Bratislava and its surroundings. While 15 years ago around five to six homes per year were sold here, last year saw sales of 20-25 houses per month,” said Igor Heriban, the CEO of the Hungarian Coral KIM Bt real estate from the border town of Rajka, which is only around 20 kilometres away from the centre of Bratislava.

"Prices in Transdanubia are still lower [than in Slovaki], even if demand from Slovaks is driving them up,” said National Real Estate Agencies Association general secretary Martin Lazík. TASR

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

Top stories

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico

Ecocide! How Slovakia destroys its national parks

Officially, the number of forests in Slovakia keeps growing but satellite shots of the national parks evoke horrors.

logging at Muránska Planina