Housing in Bratislava more expensive, but demand still increased

Higher prices impacted by housing shortage.

BratislavaBratislava (Source: Sme)

Though the prices of new constructions in Bratislava are constantly on the rise, the demand has not decreased. Prices even went up 2.5 times year-on-year in the second quarter of 2021.

The average prices of both vacant and purchased new flats in the capital rose in the second quarter of the year as well, the TASR newswire reported.

Investment Advisory Guide - Your key to understanding the Slovak business environmentInvestment Advisory Guide - Your key to understanding the Slovak business environment (Source: )

Insufficient offer equals growth of prices

The average prices of new constructions in Bratislava went up by more than 16 percent y-o-y, according to the data of the Lexxus real estate agency.

In quarterly terms, the prices increased 6.5 percent compared with the first three months of the year.

“Nearly 42 percent of developers' projects reported an increase in the prices of new flats,” said Peter Ondrovič of Lexxus, as quoted by TASR. “In most cases, the growth of prices resulted from insufficient market supply.”

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

Top stories

A via ferrata in Martin was closed this week. It will remain closed until October 31.

Weekend: Slovak folk songs translated into American jazz

The latest travel and culture stories from Slovakia. We've got you covered.

17. sep

News digest: Passport required when travelling from Slovakia to the UK again

Bratislava Mayor awarded for his green ideas. Pandemic edition of the White Night festival starts. Slovak batteries for e-cars passed international test.

17. sep
Sky by Monika and Bohuš Kubinský

Bratislava is ready for White Night. Here's all you need to know

A manual for the festival and seven sites selected by The Slovak Spectator.

16. sep
Matúš Vallo during the election night.

Bratislava Mayor Matúš Vallo receives World Mayor Future Award

He was acknowledged for his efforts to transform the Slovak capital into a green, compassionate city.

17. sep
Skryť Close ad