BUSINESS IN SHORT

Housing real estate prices in Slovakia up 24%

THE AVERAGE price per square metre of housing real estate in Slovakia grew 24 percent to Sk37,306 over 2007. In the last quarter of 2007, the average prices posted the highest growth of the whole year, up 32.5 percent year-on-year, the SITA newswire wrote.

THE AVERAGE price per square metre of housing real estate in Slovakia grew 24 percent to Sk37,306 over 2007. In the last quarter of 2007, the average prices posted the highest growth of the whole year, up 32.5 percent year-on-year, the SITA newswire wrote.

Compared with 2002, the average price per square metre of housing real estate skyrocketed by 109 percent last year, as data of the National Bank of Slovakia (NBS) shows. The NBS monitors real estate prices together with the National Association of Real Estate Agencies (NARKS).

From a regional viewpoint, the highest average price per square metre of housing real estate last year was in the Bratislava Region where the price reached Sk50,188, up 21 percent. The Košice Region followed with Sk24,472, up as much as 39.9 percent. The Trnava Region was third with the average price of housing real estate per square metre at Sk24,074, on a 12.2 percent year-on-year growth. The lowest price of housing real estate was in the Nitra Region, where it reached Sk15,581, up 33.7 percent year-on-year.

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