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.
Slovaks continue to invest in housing as the number of approved mortgages has increased each month since the beginning of the year. While at the end of July 2015 banks had signed 186,519 mortgage agreements, in the same period of 2016 they recorded a year-on-year increase to 198,229 agreements, the TASR newswire reported.
After four years of waiting, construction on the second part of the Eurovea Shopping Centre on the Danube riverside in Bratislava is around the corner. Since early 2016, real estate companies have mentioned Eurovea II in the plans for up and coming shopping centres and recently, the owner of the centre Peter Korbačka, talked with the European retail real estate magazine, Across, about the details, the Reality.etrend.sk website reported.
The dynamics of the real estate market in Bratislava and the surrounding areas are ahead of the rest of Slovakia, probably by about three to four years, with a rental health index (IRZ) difference of 0.3 points between regions, according to the analysis of the National Association of Real Estate Agencies of Slovakia (NARKS).
One of the most ambitious building projects, in Slovakia, a block of flats at Čulenova Street in Bratislava designed by the famous architectural studio of Zaha Hadid, obtained its first zoning decision.
The new shopping centre project in Nitra a skeleton of which has awaited completion for almost a decade will not involve hotel and office premises.
Developing company Immocap which built the Central shopping centre has revealed plans for reconstruction of the Trnavské mýto underpass neighbouring the centre. While there is interest in a long-term lease, the plan is based on renovation of premises from functional and architectural aspects, increasing safety and also the visit rate, the Reality.etrend.sk reported.