The popularity of cottages, holiday houses and apartments is again increasing in Slovakia. Typical buyers are small families with children who have settled down and older couples searching for free time activities, informed nehnutelnosti.sk portal.
The most attractive localities are the Vysoké and Nízke Tatry with their ski resorts, Záhorie, the Malé Karpaty, Myjava, Orava and Slovenský Raj,
“The greatest amount of investment within tourism is heading to these areas, where the most expensive cottages and villas are located,” the portal stated.
An average price for holiday real-estate does not exist, according to analyst Martin Lazík.
“The prices are really hard to compare. When talking about a flat, we take the square metres into consideration. When we talk about a cottage, floor area does not play a significant role,” explained Martin Lazík, as quoted by the TASR newswire. The price is influenced by locality, standard and facilities.
The prices of newly-built holiday houses, considered to be luxury properties, could reach half million euros. In contrast, older cottages, in secluded places with poor accessibility, out of main tourist areas could cost about 6,000 or 7,000 euros.
“The prices of holiday-houses do not change as dramatically as the prices of flats or houses. However, we could see a slight increase of prices in the long-term. Because of the various structures on offer, we can say that this segment of the market is stable,” said Lazík, as quoted by TASR.
Interested people prefer cottages with at least two rooms. According to the statistics of nehnutelnosti.sk portal, this was the category most searched in the first quarter of 2017 after flats, houses and land for houses.
Photo: TASR Radovan Stoklasa
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).
Prices of apartments in Bratislava have increased to their highest level since the crisis, the real estate agency Lexxus has discovered. Based on its latest residential real estate analysis, Slovaks are prepared to pay still more for apartments. This is because they fear further increases in real estate prices as well as the impact of measures taken by the National Bank of Slovakia (NBS). These may worsen accessibility of housing for the middle classes from January.
Although Slovakia has so far been able to attract new investors, in the not so distant future it may have problems with the placement of further investments. The reasons for this are the steadily declining availability of labour, the very slow development of road infrastructure and the lack of readiness of land suitable for the development of industrial parks, according to Martin Varačka, director of the industrial real estate division of the real estate consulting company CBRE in Slovakia.
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.