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Residential real estates prices fell nearly 4 pct last year

Prices for residential real estate in Slovakia declined last year by an average of 3.9 percent. The average price per square metre of residential real estate reached €1,291 in 2010, the SITA newswire wrote on February 2.

Prices for residential real estate in Slovakia declined last year by an average of 3.9 percent. The average price per square metre of residential real estate reached €1,291 in 2010, the SITA newswire wrote on February 2.

In quarterly terms, prices decreased 2.6 percent quarter-on-quarter in Q4, or 2.1 percent in yearly terms. In the previous quarter, real estate prices had increased 0.85 percent q/q. The information was provided by Slovakia’s central bank, the National Bank of Slovakia (NBS), which monitors real estate prices together with the National Association of Real Estate Agencies (NARKS).

Prices of real estate in Nitra Region declined the most, by 12.6 percent y/y to an average of €620 per square metre. On the other hand, Banská Bystrica and Košice Regions posted an increase in average prices of 0.3 percent to €791 and 2.1 percent to €941, respectively. Trenčín Region reported the second steepest drop in the average price of residential real estate, of 9.7 percent y/y to €685. Average prices in Bratislava Region, which are the highest in Slovakia, dropped 1.3 percent y/y to €1,726 per square meter.

The average price per square metre of residential real estate across Slovakia in 2009 was €1,344 – more than 11 percent down from 2008.

Source: SITA
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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