Property prices to remain stable

THE SLOVAK property market may well stabilise this year thanks to improvements in consumer sentiment and indications of stabilisation in the labour market, Marek Gabriš of ČSOB bank told the TASR newsiwire.

THE SLOVAK property market may well stabilise this year thanks to improvements in consumer sentiment and indications of stabilisation in the labour market, Marek Gabriš of ČSOB bank told the TASR newsiwire.

However, a rise in prices does not seem to be in the cards for the near future.

"A return to a speedier rise in prices can't be expected any time soon," said Gabriš.

Dávid Dereník of UniCredit Bank Czech Republic and Slovakia even expects the prices of housing properties to drop slightly this year - by 4 percent at most.

The current higher profitability of renting out apartments or houses when compared to sales lowers the appeal of selling, according to Dereník. Low interest rates on mortgages are also playing a part in developments.

Low interest rates and increasing demand will exert downward pressure on the exorbitant prices in some ads, Dereník said. Meanwhile, prices of high-quality flats and houses in good locations will remain stable.

Source: TASR

Compiled by Michaela Terenzani 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

News digest: Penta partner Haščák reportedly charged with corruption after a police raid

Anti-communist fighters will receive pensions. Sunk tugboat being drawn out of the water.

Jaroslav Haščák

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Responsibility goes hand in hand with EU advantages, says President Čaputová

President Zuzana Čaputová spoke with Vice President of the European Commission for Values and Transparency, Věra Jourová.

President Zuzana Čaputová

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.