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Real estate prices up 24 pct. on average in 2007

Last year, the average price per square metre of real estate in Slovakia rose to Sk37,306. That is a 24-percent increased compared with 2006, when the average square metre cost Sk30,114.

Last year, the average price per square metre of real estate in Slovakia rose to Sk37,306. That is a 24-percent increased compared with 2006, when the average square metre cost Sk30,114.

In the final quarter of last year, these average prices posted the highest growth rate of the whole year, up 32.5 percent year-on-year. Compared with 2002, the average price per square metre of real estate is up by 109 percent, according to data from the National Bank of Slovakia (NBS).

The NBS monitors real estate together with the National Association of Real Estate Agencies (NARKS), the SITA newswire stated. From a regional viewpoint, the highest average price per square metre last year was in the Bratislava Region, where the price reached Sk50,188, up 21 percent year-on-year. The Košice Region followed with Sk24,472, up as much as 39.9 percent. The Trnava Region was next with Sk24,074 per square metre, a 12.2 percent year-on-year growth.

According to the NBS data, the lowest price of housing real estate was in the Nitra Region, where it reached Sk15,581, up 33.7 percent year-on-year. SITA

Compiled by Zuzana Vilikovská from press reports

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