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.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

Theme: Real Estate

Read more articles by the topic
This article is also related to other trending topics
Bratislava

Top stories

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Haščák of Penta detained and accused

Dozens of police officers raided Digital Park, the headquarters of the financial group.

Jaroslav Haščák

Economy minister Sulík is the most trustworthy politician regarding solutions to the pandemic

More than half of respondents also think that the government underestimated preparation for the second wave.

Richard Sulík introduces his plan.

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.