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THE QUARTER IN BUSINESS

Real estate prices up 24 percent on average in 2007

Last year, the average price per square metre of real estate in Slovakia rose to Sk37,306, a 24% increase 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% year-on-year. Compared with 2002, the average price per square metre of real estate is up by 109%, 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).

(Source: Pavol Funtál / SME)

Last year, the average price per square metre of real estate in Slovakia rose to Sk37,306, a 24% increase 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% year-on-year. Compared with 2002, the average price per square metre of real estate is up by 109%, 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).

From the regional viewpoint, the highest average price per square metre last year was in Bratislava region, where the price reached Sk50,188, up 21% year-on-year. Košice region followed with Sk24,472, up as much as 39.9%.

Trnava region was next with Sk24,074 per square metre, a 12.2% year-on-year growth.

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

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