Spectator on facebook

Spectator on facebook

Bratislava's inhabitants work for 30 days for 1m2 of flat

Meanwhile someone living in Nitra needs to work for only 15 days.

(Source: Sme)

An inhabitant of Bratislava has to work for more than 30 days in order to earn the money for one square metre of a flat or house. However someone living in Nitra needs to work for only 15 days in order to earn enough for the same thing, the Sme daily reported on May 19.

The daily warns that the number of such days in work is likely to continue to increase gradually. Prices of flats are rising, reaching figures seen before the economic crisis.

Read also: Read also:Falling supply of available flats increases prices

Some politicians, brokers and builders are in favour of state intervention in order to speed up the construction of new flats and houses, thereby decreasing the pressure for price increases. Construction work could also be accelerated by the passing of a new construction law that has been in development for years, according Robert Reichbauer of the Slovak Real Estate Agency.

The new Cabinet keeps promising this new law, but it's questionable whether it will garner enough support to be passed. The current construction law has been in place since 1976 and has gone through a number of amendments since then.

Top stories

New legislation orders firms to disclose salaries in job offers

HR experts see it as a good idea in a bad form

Illustrative stock photo

Top 3 news from Last Week in Slovakia Video

New interior minister is criticised for her close relationship with Robert Kaliňák.

Denisa Saková

Spring jazz days bring jazz, R&B and soul from all over the world Video

Estonian, Israeli and US musicians join forces in the spring edition of Bratislava Jazz Days.

Ester Rada

Women in IT should not be taboo

Girls still have too few idols who have achieved success in the IT sector.

Girls are lured to study IT.