Spectator on facebook

Spectator on facebook

4Q 2012 saw first annual rise in property prices since 2008

Average property prices rose by 0.6 percent on a quarterly basis to €1,247 per square metre in the fourth quarter of 2012, the TASR newswire learned from the latest statistics from Slovakia's central bank (NBS) on Tuesday, February 5. Perhaps more importantly, however, prices went up on an annual basis - by 0.9 percent - for the first time since 2008.

Average property prices rose by 0.6 percent on a quarterly basis to €1,247 per square metre in the fourth quarter of 2012, the TASR newswire learned from the latest statistics from Slovakia's central bank (NBS) on Tuesday, February 5. Perhaps more importantly, however, prices went up on an annual basis - by 0.9 percent - for the first time since 2008.

The average for 2012 as a whole stood at €1,237 per square metre, which represents an annual contraction of 1.1 percent. "The affordability of housing has increased over recent years, but this was true only for those who managed to retain their jobs and didn't see their salaries cut," said Poštová Banka analyst Eva Sadovská. "A Slovak citizen with an average salary was able to buy 0.65 square metres from his or her monthly salary last year, so falling property prices and a nominal rise in salaries resulted in more affordable housing," said Sadovská.

Bratislava region came out at the top of the price range, with one square metre of property costing an average of €1,661. Nitra region found itself at the opposite end of the spectrum, with €612 per square metre.

(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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovaks speak the worst English in central Europe

Seven out of ten job applicants in Slovakia claim to speak English.

Illustrative Stock Photo

Journalists should resist the temptation to tweet

There is still a need for old-fashioned news reporters who just get the facts out there, says Pulitzer Prize-winning journalist Ian Johnson.

Ian Johnson

We refuse Fico's attacks against journalists

More than 480 journalists have signed a statement condemning the most recent verbal attacks of the former prime minister against journalists.

Slovak journalists at one of protest rallies organised in response to the murder of journalist Ján Kuciak and his fiancée.

UPDATED: Police investigate protest organisers over Soros allegations

The National Criminal Agency wants to see the accounts of the protest organisers due to a criminal complaint alleging they are paid by George Soros.