The construction of Košice’s largest housing development called Terasa (Terrace in English) started 50 years ago, primarily to accommodate employees of the new steelworks then called Východoslovenské Železiarne and now named U.S. Steel Košice (USSK).
Gradually, individual buildings within the estate, named from Lunik I to Lunik VIII, were constructed with a total of 13,000 apartments. The complex spans more than 300 hectares and houses over 50,000 Košice citizens or about one quarter of the town’s population, the SITA newswire reported.
Celebrations and activities are planned as a series of events for Košice residents spanning several months. There will be club and local events, a specialised seminar for architects, programmes for civic activists and a large photo exhibition as well as a closing open-air concert.
The aim is not only to mark the 50th anniversary of the housing development but also to start a discussion about Košice future direction in housing and public participation in improving the life in its housing developments by building better communities that participate in common activities.
An exhibition of historical photos by Róbert Berenhaut and Alexander Jirouš as well as from the city’s archive will open in February and the architectural seminar is planned for April. Some events will also be held during Košice’s summer of culture.
The housing development with the original name Nové Mesto (New City) was constructed on a slope of the city and received its name Terrace because of its view of the city centre.
Caption: Construction of Kosice’s Terasa housing complex began in 1962.
Photo: SITA

Output by Slovakia’s construction sector contracted by 11 percent in March to €328.8 million in a year-to-year comparison and was 3.2 percentage points worse than the results in February, the SITA newswire wrote, citing data from the Slovak Statistics Office.

The housing market in Slovakia is stabilising according to ČSOB bank analyst Marek Gábriš in his analysis of real estate price statistics published by the National Bank of Slovakia (NBS) on May 3, as reported by the TASR newswire.

The Alexis bookshop is one the shops that will be asked to vacate the Cvernovka building, a former industrial building in Bratislava that is one of the last historical industrial buildings on Páričkova street near the main bus station where thread was produced in the past. Only some the buildings on the street are protected as historic buildings.

PointPark Properties (P3) has successfully completed construction of a warehouse facility at PointPark Bratislava in Lozorno. The build-to-suit project spans a 50,000-square-metre parcel of land with a total building area of 26,349 square metres, including 1,600 square metres of office space, the company announced in a press release.

Bratislava homebuyers keep searching for smaller apartments or they want more rooms available in less or the same square metres, the Sme daily wrote in mid April, reporting on statistics about deposits on apartments and actual sales of apartments in new housing developments in Bratislava for the final quarter of 2011. Sme added that even though a drop in real estate prices has made buying apartments more affordable, people remain thrifty and reluctant to buy.

The average interest rate for mortgages has been rising in Slovakia as it was 4.76 percent in February 2011 and stood at 5.16 percent in February 2012. Ján Porázik, an analyst at Fincentrum, says the higher mortgage rates may be due to an amendment to the Act on Banks effective this January that requires banks to announce any changes in their interest rates two months in advance, the TASR newswire wrote.

Consumption of expanded polystyrene (EPS) as an insulation material in Slovakia is growing. During the first nine months of 2011 it grew by 3 percent year-on-year. The Association of Producers, Processors, and Users of Expanded Polystyrene in Slovakia reported the growth on November 2, 2011. Consumption of EPS rose by 10.5 percent to 30,000 tonnes in 2010, thus nearing the record of 30,050 tonnes set in 2008, the SITA newswire wrote.