Wednesday, 3 December 2025
Residential real-estate prices in Slovakia accelerated markedly in the third quarter of 2025, according to data from the Statistical Office. On average, sale prices for dwellings increased by 4.9 % compared with the prior quarter – a clear rise after slower growth during earlier quarters this year.
On an annual basis, prices for homes and apartments were up by 13.4 % compared with the same period in 2024 – the highest year-on-year increase recorded in the last 12 quarters.
A closer look at the composition of the market shows that both newly built and existing dwellings contributed to price growth. Existing properties rose in value by 13.7 % year-on-year, while newer units saw an increase of about 11.8 %.
Regionally, all eight regions tracked by the Statistical Office observed rising prices. The steepest annual increases were recorded in the Nitriansky and Banskobystrický regions, where prices climbed by more than 20 %.
Longer-term data highlight how sharply the market has changed over the past 15 years. Compared to 2010, the average sale price of dwellings in 2025 has more than doubled – new homes are nearly 80 % more expensive, while older dwellings have increased by over 130 %.
At the same time, construction activity shows signs of cooling. At the end of June 2025, about 77,000 housing units were under construction nationwide – a 2.8 % drop compared with the same point in 2024. The number of units completed in the first half of 2025 also fell sharply, contracting by around 19 % year-on-year. Meanwhile, the number of newly started dwellings dropped by approximately 14.5 % compared with a year earlier and remains well below the long-term average.
These trends – rapidly rising sale prices alongside reduced production of new housing — could intensify pressure on supply in the months ahead.
In practical terms, the surge in prices appears to be driven predominantly by existing dwellings, which are changing hands at a faster rate of price growth than new builds. That suggests demand remains strong even as supply dynamics shift.
Overall, the latest data confirm that Slovakia’s residential real-estate market remains in motion, with rising prices and tightening supply reinforcing upward pressure on housing costs. For buyers and developers alike, the current environment calls for close attention to both market timing and availability of units.
