The offer of new apartments in Bratislava is the lowest since 2016

Prices keep increasing.

Prices of apartments in Bratislava keep increasing.Prices of apartments in Bratislava keep increasing. (Source: Sme)

Fewer than 3,000 new apartments are available on the market of new residential buildings in Bratislava, which is the lowest figure for the past two years. As demand for new apartments is still relatively lively, prices for new units continue to grow slightly, the TASR newswire cited the real estate agency LEXXUS.

While in the second quarter of this year the market of residential real estate offered 3,556 homes in 97 projects, in the third quarter there were 2,767 new apartments while the number of active projects remained the same.

“The quarter-to-quarter decline was caused by a new mechanism and rules for getting mortgages and the annually repeating disinterest in residential real estate during this period of time caused by the holiday season,” said Peter Ondrovič from Lexxus, as cited by the TASR newswire.

As far as prices are concerned, Lexxus noted their further growth. The average price of apartments available on the market at the end of the third quarter of 2018 was €2,244 euros per square metre excluding VAT, up 2.3 percent q-to-q. The average price of sold apartments reached €2,078 euros per square metre excluding VAT in the third quarter of this year. The average price of old apartments increased 1 percent q-to-q to €2,325 per square metre.

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