Bratislava property prices soar amid pandemic

Apartment construction lagging demand as more people move to capital.

A number of projects are under construction in the capital.  A number of projects are under construction in the capital. (Source: TASR)

Residential property prices in Bratislava have soared during the Covid-19 pandemic, according to the latest data on real estate in the capital.

Although the coronavirus crisis has affected the wider economy with lockdowns leaving shops, restaurants, and many other businesses shuttered for months, the prices of flats and family houses in Bratislava have been driven up by a mix of high demand, long-term low supply of residential real estate for reasonable prices, and cheap mortgages, experts say.

The construction of new housing units has not caught up with the growing number of new residents in Bratislava.

“Mortgage interest rates are still at record lows, and so demand is significantly higher than what is, at the moment, the lowest level historically of flat supply [in Bratislava],” Daniela Danihel Rážová, director of the real estate agency Bond Reality and head of Slovakia’s Association of Real Estate Brokers, told The Slovak Spectator. “The only way to change this is to start building a lot of flats.”

Lack of residential real estate

Bratislava, as is the case across Slovakia generally, has suffered from a significant shortage of new housing units for several years.

Related articleOpen space is no longer the “chicken farm” it used to be Read more 

Demand for new real estate has not lessened during the Covid-19 pandemic with good credit conditions fuelling interest in residential property not just as personal dwellings, but also as investments. With demand strongly outstripping supply, prices of new residential properties in the capital rose 11 percent year-on-year in 2020, according to data from real estate agency Herrys.

“The price per square metre of a new flat rose more than €300 excluding VAT,” said Filip Žoldák of Herrys, adding that prices are expected to continue to grow this year.

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

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on
  • 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 and

Top stories

PM Eduard Heger

Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament passed on Sunday morning.

21 h
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.

23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.

24. júl

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.

22. júl