...But rental prices remain static

The same slump that has occured in housing prices around the country has not materialised in housing rental rates. Although prices have generally declined by 1,000 to 2,000 Slovak crowns ($24 to $48) monthly, demand for rental space is increasing, especially among a wave of young people born during Slovakia's 1970-1975 baby boom years who are now looking for more independence.

According to real estate experts, an average three-room furnished flat in the Bratislava suburb of Rača now costs 12,000 crowns ($286) a month. In central Slovakia's Banská Bystrica, prices for the same accomodation have fallen from 6-7,000 crowns to 5-5,500. No further declines are expected, however.

Rental properties that have dropped in value include office and retail space. Experts expect the fall to continue.

Get daily Slovak news directly to your inbox

Top stories

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.