Property prices in Slovakia have dropped in Q2

Aug. 6, 2014

Property prices in Slovakia have dropped in Q2

In Q1 2014 real estate in Slovakia increased in prices by 0.5%, while in Q2 it dropped by 0.8%. In Q1 and Q2 residential property was worth by 1.5% less year on year, writes with reference to the National Bank of Slovakia. 

In January-March, a square meter in Slovakia was worth €1,221, in April-July - €1,211. Slovak regulator notes that real estate today is perhaps the most affordable during the recent years. At least since the pre-crisis 2007, when such low prices were recorded for the last time. 

In Q2 houses were worth €1,066 per sq,m, and villas - €1,815 per sq.m. Apartments in Slovakia went for €1,288 per sq.m, and the most expensive were 1-room and multiroom flats (about €1.4 thousand per sq.m). 

Slovakia is divided into 8 regions and the highest prices are in Bratislava, where housing can be bought an average for €1,638 per sq.m. Real estate in the other 7 regions is much cheaper and varies from €924 per sq.m in Košice to €579 per sq.m per Nitra.