COVID-19 temporarily slowed some real estate projects

Contrary to the previous crisis, the real estate market is healthy.

The virus has postponed the completion of Stanica Nivy – a bus terminal and shopping centre.The virus has postponed the completion of Stanica Nivy – a bus terminal and shopping centre. (Source: Sme)

The coronavirus pandemic and government’s anti-coronavirus measures have affected every business to some extent and the real estate market is no exception. Hygiene and safety measures had to be introduced on construction sites as well while closed borders stopped supplies for some real estate projects under construction. The Slovak Spectator spoke with René Popik, CEO of HB Reavis Slovakia; Pavel Pelikán, managing director of J&T Real Estate (JTRL); Ján Krnáč, managing director of Cresco Real Estate; and Lenka Vargová, PR specialist at Penta Real Estate, about the impact the COVID-19 pandemic has had on their businesses.

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