Flats are as expensive as new houses

The price of flats in Bratislava has risen so much over recent years that it is now cheaper to build a house than buy a flat, although red tape slows down getting building permission and many applications are unsuccessful, the daily SME reports.

Transparency International (TI) said that the whole state administration is rife with corruption, and processing building permits is no exception. TI believes that the corruption will be reduced under a new system, whereby local communities rather than regional offices process applications.

According to Statistics Office figures, there are a million houses in Slovakia, of which approximately 170,000, including holiday homes, are not permanently inhabited. They have an average age of 40 years.

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

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