Foreigners coming to Slovakia to work for the manufacturing industry try to live as economically as possible. They often do not arrive with their families and only work for a short period of time.
“They live in various rooming houses, in former guest houses and similar properties where as many workers as possible can live for the cheapest,” Ján Palenčár, head of the National Association of Real Estate Agencies in Slovakia (NARKS), told the TASR newswire.
Workers try to find accommodation close to the city where they work. They can also rent accommodation due to laws permitting short-term rentals.
“The law gives preferential treatment to the flat’s owner which means that the flat’s owner does not have to fear that if they terminate the agreement with the tenant, the tenant will stay in the flat by using legal obstructions,” Pálenčár said, as quoted by TASR.
At the same time, the flat’s owners pay taxes to the state, he added.
The municipality, on whose territory the accommodation facility is located, adopts the regulation with which it sets the local tax for accommodation. In Bratislava, for example, the tax amounts to €1.70 a night per person in the facility.
Taxes depend on the number of nights people spend in the facility.
Small, especially one-room, apartments and bed-sits are maintaining the highest prices in Bratislava. The price of two- and three-room apartments has decreased moderately. The interest in family houses and construction parcels is still high while demand exceeds availability.
The new city quarter growing in Bratislava’s Petržalka borough is popular among those looking for new housing. Last year people bought a total of 565 apartments there. This number accounted for more than 11 percent of all new apartments sold in Bratislava in 2017.
It is no surprise that a good working environment can motivate better performance from employees. Thus companies, during this time of qualified labour shortage, are endeavouring to improve the working environment for their employees as much as possible. To reflect this development, the real estate consultancy company CBRE Slovensko organises a competition for the best office. The Profesia company, running the biggest job portal in Slovakia, has won its second year. Among other companies given awards are the IT company Sygic and the business-services organisation EY.
After existing and potential clients showed an eminent interest in central Slovakia, the biggest logistics real estate company in Slovakia, Prologis, began to look for suitable land for the construction of a new industrial park in the desired locality close to Nitra, Banská Bystrica and Zvolen. It found it in Žiar nad Hronom.
The developer YIT Slovakia has launched the sale of apartments in the second building of the fifth, last, phase of the Tammi Dúbravka development. The new block of apartments will provide 42 apartments. It will be connected to the second building of the fifth phase with a community park. The sale of apartments in the first building was launched in September 2017.
The first weeks of 2018 indicate that the high interest in new warehouses in Slovakia is continuing. Developers are responding to the demand with the preparation of expansion phases for their successful projects as well as plans for new industrial premises and parks. The latter may start during the first half of 2018 and so developers would be able to offer new spaces in late 2018.
The developer Merius has brushed up its Semiramis Residence project which it plans to build in front of the Nové Mesto railway station and opposite Kuchajda lake in Bratislava. Its first attempt three years before failed as the local council did not grant it construction permission. The re-worked project with a price tag of €47 million is now undergoing an environmental impact assessment (EIA).