The average price of residential property in Slovakia in the third quarter of 2012 reached €1,240 per square metre, rising by €13 per square metre when compared to the 2nd quarter of the year, the Slovak central bank (NBS) reported on Monday, November 5, referring to data released by the National Association of Real Estate Agencies of Slovakia (NARKS). On an annual basis, the average price per square metre recorded a drop of 1.1 percent.
"More than 1-percent quarterly growth in the average prices of houses and flats in the third quarter of 2012 represents a deceleration in the year-on-year decline by 1.7 percentage points," announced NBS as quoted by the TASR newswire. An increase in average prices during the third quarter was recorded in all types of flats. Prices for larger flats rose in the most noticeable way, with the prices of three-bedroom flats seeing the most significant rise (by 3.2 percent/€38 when compared to the second quarter). These were still €16 cheaper on a year-on-year basis, however.
The prices of houses in the July-September period of 2012 accelerated when compared to the previous quarter.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
6. Nov 2012 at 10:00