Real estate prices fell again in second quarter, but at slower rate

Real estate prices in Slovakia continued to decline in the second quarter of 2010, Slovakia's central bank (NBS) reported on Wednesday, August 4. However, the drop in prices slowed from the 8.28 percent year-on-year recorded in the first quarter to 3.65 percent, representing the smallest drop since the beginning of 2009.

Real estate prices in Slovakia continued to decline in the second quarter of 2010, Slovakia's central bank (NBS) reported on Wednesday, August 4. However, the drop in prices slowed from the 8.28 percent year-on-year recorded in the first quarter to 3.65 percent, representing the smallest drop since the beginning of 2009.

Buying a house or apartment cost €1,293 per square metre on average, with the average price of single-room flats falling most (by 4.26 percent y/y), the TASR newswire wrote. Real estate prices went down in all Slovak regions except Banská Bystrica, where they rose by 2.48 percent on average. Prices fell most in Nitra Region, by 13.76 percent y/y.

Source: TASR

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

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