Saturday, 15 March 2025
The real estate market in Bratislava has experienced its strongest quarter since the COVID-19 pandemic, with sales of new apartments surging in the final months of 2024. According to data from ConstructionMind, a total of 821 public sales were recorded in the fourth quarter of 2024, representing a 70% increase compared to the previous quarter.
The resurgence in demand has been primarily fueled by declining interest rates and concerns over rising prices linked to the increase in VAT that took effect in January 2025. The market absorbed over a quarter of the available supply, with the highest demand observed for smaller units, such as 1+kk and 2+kk apartments, signaling a strong interest from investors.
The most popular projects were located on the outskirts of Bratislava, in districts such as Rača, Komisárky, Východné, Bory, and Dúbravka, as well as in areas near the airport. At current financing conditions, buyers are showing a clear preference for smaller, more affordable properties. Despite the focus on suburban areas, demand for centrally located properties remained robust.
While sales have surged, average prices of new apartments have remained steady, hovering around €5,200 per square meter, a level consistent with the previous period. Analysts expect the market to slow slightly following this record-setting quarter, as many buyers expedited their purchases to avoid the VAT hike.
“Following the extraordinary performance in Q4 2024, we anticipate a slight slowdown in the first quarter of 2025,” said a representative from ConstructionMind. “However, market activity is expected to stabilize with quarterly sales projected to range between 650 and 750 units throughout the year.”
Despite the anticipated slowdown, experts believe that Bratislava’s real estate market remains resilient, supported by ongoing demand, attractive financing conditions, and the city’s appeal as a regional economic hub.
Source: Trend.sk
