The developer of the Metropolis residential project is not planning to insert an inflation clause into contracts. Recently, several developers have introduced these clauses into contracts with the aim of reflecting in their apartment prices potential increased construction costs or prices of future supplies that have not yet been tendered. The developer Mint Investments, which is building Metropolis in the new downtown is one of the few exceptions and clients will not find any inflation clause in their contracts. Prices in Metropolis thus remain fixed.
The Metropolis project will bring 298 residential units to Bratislava’s new centre. Its construction began in May 2021 and has currently reached the fourth above-ground storey. Construction is progressing according to schedule. Handover of the apartments is scheduled for Q2 2024.
Every project developer should set the pricing and sales strategy correctly at the beginning and create a reserve. If a developer fails to do so, the inflation clause remains a last resort that can protect the developer against possible complications due to adverse market trends. Nevertheless, this also transfers the burden of the developer’s subcontracting relationships onto the buyer. Metropolis clients, though, can be sure that the final price of the property will not change. They greatly appreciate this approach.
Metropolis currently brings the highest standard of living from among all residential projects in the new, modern centre of Bratislava. This concerns the material design of the building and innovative solutions in the form of recuperation, or a modern ceiling cooling and heating system, which brings many ecological and economic benefits and a healthier environment for the building’s residents. Metropolis stands out in the new city centre not just through its unique architecture, but especially in terms of the intimate nature of the housing it provides.
