House prices fell over 8% y/y in Q1

The average price of residential real estate in Slovakia continued to decline in the first quarter of this year. The average price per square metre of residential real estate was €1,296 in the first quarter, down 8.3 percent from a year ago.

The average price of residential real estate in Slovakia continued to decline in the first quarter of this year. The average price per square metre of residential real estate was €1,296 in the first quarter, down 8.3 percent from a year ago.

This data comes from the National Bank of Slovakia (NBS), which monitors real estate prices together with the National Association of Real Estate Agencies (NARKS). Compared with the previous quarter, the average price per square meter decreased only moderately, by 0.08 percent. A year ago, the quarterly decline in prices represented over eleven percent. Prices of real estate in some Slovak regions grew in comparison to the previous quarter. In Bratislava Region, the average price of residential real estate grew by 0.76 percent in Q1 from the last quarter of 2009 to €1,728, which is the highest average price within Slovakia. The biggest jump in prices was reported in Banská Bystrica Region, where the average price rose by five percent q/q to €792.

Residential real estate prices were lowest in Nitra Region, where they decreased by 1.4 percent to €643 during the first quarter of 2010.

Source: NBS

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

Get daily Slovak news directly to your inbox

Top stories

Nationwide testing - an ambitious plan with an uncertain result

Antigen tests to be used work on patients with symptoms.

Police arrest top special prosecutor, suspected of helping a mafia group

Dušan Kováčik is known for not filing any criminal lawsuits.

How many people were infected in Volkswagen or U.S. Steel? Top companies mostly remain silent

Biggest employers have introduced measures, they do not want to talk about possible layoffs.

The Bratislava plant of Volkswagen maintained strict measures also in the summer.

The cabinet approves plan for permanent kurzarbeit

The new fund is expected to be introduced from 2022.

Labour Minister Milan Krajniak