54 new flats will become available on the border between the Ružinov and Nové Mesto districts of the Capital, Reality Trend wrote.
Trnavská Tower provided a 9-floor building on Trnavská cesta 50 at the beginning of the year. Part of the building provides office space to rent but the second part will be reconstructed into flats. The company will create 54 flats with 40 underground and 14 outdoor parking spaces, Reality Trend informed.
The project, called the Trnavská Residence, offers ten 1-bedroom flats with an area of 37.25 square metres in a price-range starting at 90,000 euros. The rest of the flats will be 2-bedroom with an area from 45.5 to 67.4 square metres and prices from 120,000 euros to almost 144,000 euros, Reality Trend stated.
The standard cost of one square metre will be from 2,100 to 2,800 euros. The seller is promoting the project as the best investment in starter-homes on the market. They expect to finish in January of next year, Reality Trend wrote.
On the same street another project to build the multifunctional compound, Nido is ongoing. Near the crossroad with Tomášikova street, three blocks providing 115 flats are under construction. An area with offices and shops is also planned for later, Reality Trend informed.
Despite geopolitical uncertainty and a slow down in the economic cycle, investment in the global property market has seen a significant rise of 18 percent year-on-year to a new record high of $1.8 trillion, up from $1.5 trillion in 2017. Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital, came to this conclusion in their latest report.
Fewer than 3,000 new apartments are available on the market of new residential buildings in Bratislava, which is the lowest figure for the past two years. As demand for new apartments is still relatively lively, prices for new units continue to grow slightly, the TASR newswire cited the real estate agency LEXXUS.
The Austrian company Soravia has opened a new retail zone in Liptovský Mikuláš in northern Slovakia, the Retail Park Liptovský Mikuláš. It is 9,000 square metres and is the first investment by the Austrian developer outside Bratislava. The investment totalling €22 million has created 100 jobs so far.
At the end of the second quarter of 2018, apartments under construction numbered 76,000 in Slovakia. This is the highest number since 1996 when the Slovak Statistics Office began to register this data. Because the figure for residential real estate under construction in the early 1990s was low, figures from the second quarter of this year are the highest since the launch of independent Slovakia in 1993, the Trend weekly reported.
Construction of a brand new bus station and the extensive reconstruction of Mlynské Nivy Street are going according to plan.
The PNK Group, an international developer of industrial and logistics real estate from Russia, has joined the European real estate market by constructing a new industrial park called PNK Park Sereď in western Slovakia. Spanning 45,000 square metres of industrial space, the park offers premises for various uses: storage, distribution centres and light industry assembly halls.
After the British carmaker Jaguar Land Lover (JLR) announced its plan to build a brand new plant in Nitra, local real estate prices skyrocketed. Now the situation seems to be calming down. This is because the central bank has tightened conditions for taking out mortgages as well as developers announcing projects for the construction of new apartments.