The booming Slovak real estate market
22.07.2008
Real estate ratings in Slovakia increase by 29.3% per year, the highest percentage at a European level. The main reason for this increase must be found in the adoption of the euro, the EU single currency, that will take place in January 2009 and that has encouraged the appreciation of real estate values in the new countries of the EU. Slovakia calls the interest of many international investors. After having abolished the tax on the real estate transactions in 2005, Slovakia has become one of the most interesting countries in Europe. Furthermore, in the latest years, the economy of the country has become more stable and the GDP is increasing. Residential prices reach 2000 euros per square metre in Bratislava. Experts say that this positive trend will continue in the next years. In the capital city, hundreds of luxury apartments will be built and one million square metres of new office space will be delivered by 2009 in the country.
