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 ee24.com 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.