Rent is dropping in Slovakia. Has the Airbnb bubble burst?

There is a new trend in the real estate market in Slovakia.

(Source: SME)

The price of living in Slovakia is hitting historic highs, making housing ever less accessible. Despite that, a new trend has been reported by the real estate market - rent prices have been significantly decreasing since March.

The drop in rent prices has been in two-digit numbers in some localities in Bratislava, according to the Nehnutelnosti.sk real estate website.

This is mainly due to the fact that hundreds of apartments that used to be rented through the Airbnb platform have now been offered on the market. Airbnb was mainly targeting foreign tourists and they are no longer coming to Bratislava in the same numbers as before the coronavirus pandemic. Owners of apartments are therefore opting to rent them through long-term contracts.

A drop between 10 and 20 percent

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

Top stories

Threats have worked. People queued for COVID testing before the official start

The nationwide testing in Slovakia started with four districts in the north. Here is a report from the first day in Orava.

Bardejov

Day two of pilot testing in hardest-hit regions is off to a smoother start

PM Igor Matovič and Health Minister Marek Krajčí are helping the sampling teams, too.

Trstená, the Tvrdošín district

No test, no work. Employees will have to take paid or unpaid leave

Those who will be quarantined with a positive test result will be entitled to pandemic sick leave.

Illustrative stock photo

Autumn holidays change, art schools close too

The ministry will contribute to schools to buy computers and other equipment for distance learning.

Illustrative stock photo