BUSINESS FOCUS: Corona crisis bites real estate market, but it remains healthy

Impacts of the COVID-19 pandemic, rental housing and best offices of 2019 are among the highlights of the latest Business Focus.

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)

In June 2020, The Slovak Spectator published its Business Focus on Real Estate in Slovakia. Here is your overview of stories from the focus issue:

Coronavirus in real estate: Investors have opted for a wait-and-see tactic

The COVID-19 pandemic has had a slightly negative, but not dramatic, impact on the real estate market.

“Just as it has coped with the health crisis, Slovakia will certainly cope with a slight decrease in activity in the real estate market,” said Richard Urvay, director of Colliers International in Slovakia. However, Urvay expects a slight impact on investors’ confidence. “It is questionable how big institutional players will react and whether they will prefer more traditional markets such as the United Kingdom, Germany and France.”

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