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.”
Coronavirus in real estate: Investors have opted for a wait-and-see tactic Read more COVID-19 temporarily slowed some real estate projects
"This crisis is not a crisis in the real estate or other markets, but it is caused by the impact of the pandemic and the measures needed to protect public health. The real estate market is healthy and after the business sector restarts, it will only grow again," said René Popik, CEO of HB Reavis Slovakia. He was one of the representatives of top development companies active in Slovakia featured in a survey about the impacts of the pandemic on the Slovak real estate market.
COVID-19 temporarily slowed some real estate projects Read more Rental housing has become a hot issue
Slovaks face not only a lack of rental apartments but a housing scarcity in general. While this is a legacy of the 1990s, the current government of Igor Matovič wants to change this. It has promised in its programme statement to take all the necessary steps to enable the massive construction of quality state rental apartments throughout Slovakia so that the monthly rental is available to the tenant and is significantly lower than the commercial rental.
Rental housing has become a hot issue Read more Coronavirus redesigns office space
The pandemic is bringing about fundamental changes in the way people work. But while the coronavirus pandemic could be the catalyst for a working-from-home revolution, real estate experts do not expect an end to office work.
Coronavirus redesigns office space Read more Offices no longer need to be boring
The fourth edition of the Office of the Year competition confirmed that innovative solutions, tasteful design, the hottest trends and creative ideas have become a part of offices in Slovakia. Have a look at who the winners are for 2019.
Offices no longer need to be boring Read more
20. Jul 2020 at 11:14 | Compiled by Spectator staff
