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Lack of labour and suitable land for construction may discourage new investors
Half year ago,

Lack of labour and suitable land for construction may discourage new investors

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.

 

The interest of foreign investors is gradually shifting from western Slovakia to the northeast. The reason is the increasingly poor availability of labour around Bratislava, and also along the entire cross-country D1 highway to Žilina.

 

We are already handling interest in new investments, especially in the area of Banská Bystrica, Zvolen, and Ružomberok,” said Varačka as cited by the SITA newswire. “This is thanks to transport accessibility on the R1 motorway. But we are encountering a problem with insufficient preparedness of land that would be suitable for the construction of industrial parks. It is precisely in this area that CBRE sees opportunities for improvement of the situation in the future.”


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