The rise in house prices does not stop, they have risen by a tenth in a year

In 2019, Slovaks paid an average of 1,859 euros per square meter of flat, which represents a year-on-year increase of 11.3%.

This follows from the data of the Real Estate Barometer of the Real Estate Union of the Slovak Republic, which at
on a monthly basis maps the prices of flats in regional cities of Slovakia.

“Prices increased evenly throughout the year, but due to
restrictive measures of the National Bank of Slovakia (NBS), which they complained about
buyers access to money to finance real estate have grown
surprisingly fast. This was due to several factors, such as the small supply of flats,
favorable macroeconomic development and cheap mortgages, “said the chief
analyst of the Real Estate Union of the Slovak Republic Vladimír Kubrický.

This was surprising last year on the real estate market, for example, the fact that
that the market value of older 2-room flats grew faster than
3-room.

“When it comes to comparing the growth of prices of different types of apartments, prices
older two – room rooms increased faster than last year
three-room (12.5 vs. 11.2%). The result was that in late December
In 2019, a square meter of an older two-room apartment stood in Bratislava
compared to three-room up to 20.1% more. The average difference for
other regional cities was 8.2%, “said Kubrický.

He also described the situation in Banská Bystrica, where they jumped last year, as surprising
prices of older 3-room apartments by almost a quarter. It was in Košice
by 16.7%, in Prešov by 16% and in Bratislava by 13.2%.

“It is in these cities that the supply of flats has decreased most noticeably.
In other regional cities, price growth was single-digit, the lowest
in Nitra (0.6%), “added the analyst. For the last real estate price
The surprise of 2019 considers the fact that the highest price per square meter
exceeded EUR 3 200. “The most expensive apartments in Slovakia are in Bratislava
Old Town. One square meter of an older three-room apartment stands there
3,204 euros, “he stated.

According to Kubrický, apartment prices will continue to rise this year as well, although
The Slovak real estate market probably has the highest year-on-year increases
behind.

“In 2020, the growth of the market value of flats will probably be only in single digits
number. The average price of an apartment per square meter may at the end of the year
attack the 2,000 euro threshold. Achieve it from the current 1 859 euros per m2
would mean an increase of 7.6%, “he noted. The driving force of the increase
there will be little supply, favorable economic development, as well as the interest of the population
on the purchase of real estate, on the contrary by the NBS brake.

“Since January, it has tightened the tap through which commercial banks
release money for the real estate market. Credit applicants must remain
from income a larger reserve than before. In practice, this means that the share
total installments to net income will have to be less than 60%,
while last year it was 80%, “explained the analyst.

In 2019, Slovaks paid an average of 1,859 euros per square meter of flat, which represents a year-on-year increase of 11.3%.

This follows from the data of the Real Estate Barometer of the Real Estate Union of the Slovak Republic, which at
on a monthly basis maps the prices of flats in regional cities of Slovakia.

“Prices increased evenly throughout the year, but due to
restrictive measures of the National Bank of Slovakia (NBS), which they complained about
buyers access to money to finance real estate have grown
surprisingly fast. This was due to several factors, such as the small supply of flats,
favorable macroeconomic development and cheap mortgages, “said the chief
analyst of the Real Estate Union of the Slovak Republic Vladimír Kubrický.

This was surprising last year on the real estate market, for example, the fact that
that the market value of older 2-room flats grew faster than
3-room.

“When it comes to comparing the growth of prices of different types of apartments, prices
older two – room rooms increased faster than last year
three-room (12.5 vs. 11.2%). The result was that in late December
In 2019, a square meter of an older two-room apartment stood in Bratislava
compared to three-room up to 20.1% more. The average difference for
other regional cities was 8.2%, “said Kubrický.

He also described the situation in Banská Bystrica, where they jumped last year, as surprising
prices of older 3-room apartments by almost a quarter. It was in Košice
by 16.7%, in Prešov by 16% and in Bratislava by 13.2%.

“It is in these cities that the supply of flats has decreased most noticeably.
In other regional cities, price growth was single-digit, the lowest
in Nitra (0.6%), “added the analyst. For the last real estate price
The surprise of 2019 considers the fact that the highest price per square meter
exceeded EUR 3 200. “The most expensive apartments in Slovakia are in Bratislava
Old Town. One square meter of an older three-room apartment stands there
3,204 euros, “he stated.

According to Kubrický, apartment prices will continue to rise this year as well, although
The Slovak real estate market probably has the highest year-on-year increases
behind.

“In 2020, the growth of the market value of flats will probably be only in single digits
number. The average price of an apartment per square meter may at the end of the year
attack the 2,000 euro threshold. Achieve it from the current 1 859 euros per m2
would mean an increase of 7.6%, “he noted. The driving force of the increase
there will be little supply, favorable economic development, as well as the interest of the population
on the purchase of real estate, on the contrary by the NBS brake.

“Since January, it has tightened the tap through which commercial banks
release money for the real estate market. Credit applicants must remain
from income a larger reserve than before. In practice, this means that the share
total installments to net income will have to be less than 60%,
while last year it was 80%, “explained the analyst.