Slovakia, officially named the Slovak Republic, is a landlocked country in Central Europe with a population of over five million and an area
of about 49,000 square
kilometres. The largest
city is Bratislava,
Slovakia is divided into 8 regions, each of which is named after its regional capital. The regions are subdivided into many districts. In the past, Slovakia had 79 districts, which are no longer part of the official administrative system, but the country has maintained them for different purposes.
In terms of economy and unemployment rate, the western regions are more prosperous than the east. Slovakia is best known for its pistine nature in the countryside: mountains make up two-thirds of its land, 40 percent of which is covered by forests.
The region of Bratislava is the country's smallest in terms of area, but its most densely settled and urbanised, with 296 inhabitants per square kilometre, about three times the Slovak average. Bratislava, the capital, had a population of 426,091, or 70 percent of the total inhabitants of the region. The Bratislava region is bordered by the Danube to the south and the Morava to the west. It consists of the Záhorie lowlands in the far west of the country and the Podunajská nížina (Danube lowlands) towards the Hungarian south, divided by the heavily forested Malé Karpaty (Small Carpathian mountains) range.
The south-west Trnava region is a strangely shaped body of land that encloses Bratislava region and borders on the Czech Republic, Austria and Hungary. It is the second smallest region after Bratislava, and the smallest in terms of area.
The south-central Nitra region is Slovakia's agricultural heartland. Flatter and warmer than the rest of the country, its soil and terrain are best suited to farming.
The north-west Žilina region is a rugged area that borders on the Czech Republic and Poland. It includes no fewer than seven mountain ranges: the Tatry and Nízke tatry (Tatras and the Low Tatras), the Veľká and Malá Fatra (Greater and Lesser Fatras), the Chočské vrchy (Choč Mountains), the Javorníky and the Strážovské vrchy (Strážov Mountains). The region is also dominated by national parks
Banská Bystrica region, the country's largest in terms of area, lies in the southern part of Central Slovakia. With its extensive forests and hilly terrain, it is the least densely settled region.
The north-east Prešov region is Slovakia's most physically spectacular, but poor and sparsely settled as well. It borders on Poland and Ukraine, and contains five national parks. Less than half of the inhabitants of the region live in urban settings.
Košice region is a largely flat and poor area in the southeast of Slovakia bordering on Ukraine and Hungary. With a population of 773,000, it is the second largest region while with about one third of the total inhabitants of the region, the capital Košice is Slovakia's second largest city and is the industrial anchor of the east of the country.
The north-west Trenčín region is a relatively wealthy and developed part of Slovakia, bordering on the Czech Republic. It is hilly but not rugged, and has an unusually high (55 percent) proportion of inhabitants employed in industry, making it the second most heavily industrialised region after Bratislava.
Bratislava will have a new residential zone Podunajská Brána, situated in Bratislava’s Podunajské Biskupice borough. The sale of plots within the first phase of the project, on which new family houses will stand, starts in February 2016.
Bratislava’s shopping centre Central has a new investor. Allianz Real Estate company acquired 100-percent stock in the centre from development company Immocap Group in late 2015 for €175 million, which makes it the biggest transaction in Slovakia’s real estate sector in the past year.
The positive trend in the residential market of new buildings in Bratislava continued also during the last three months of 2015. New projects were added, while the demand for real estate remained high compared with the previous seven years. As a result, the price of available flats kept rising throughout the year.
Slovak banks provided housing loans worth €18.96 billion in November 2015, up by €212.6 million compared to the previous month, according to the statistics published by the National Bank of Slovakia (NBS), the country’s central bank.
The increasing number of customers and investors are the main reasons for the expected boom in the new shopping centres in Europe. As a result, there may appear 9.7 million square metres of new retail areas by the end of 2016, according to Cushman & Wakefield commercial real estate services company.
Developer HB Reavis reportedly has lost a big tenant in its Twin City project.
Company Swiss Re had announced in February 2015 that it would rent space in the multifunctional complex in Bratislava’s Mlynské Nivy area, which is currently under construction. However, it seems now it will not move there. The reason allegedly is that the developer changed the plans and will build a high-rise building instead of a park, the Reality.etrend.sk website reported.