Buying behaviour in the real estate market changed in the first quarter of 2023. Buyers are no longer interested in buying for immediate appreciation of the new building but are looking for a product that best suits their needs at a reasonable price. First quarter of 2023 saw not a single sale in up to one third of residential projects, with demand at its lowest figures for the last 15 years. Apar...
• The supply of apartments in new projects has doubled year-on-year. Prices have stabilised, with new apartments now 12% more expensive than in 2021.• Supply on the secondary market also doubled, but growth stalled in Q4. Prices have stabilised, even falling by 5% in the second half of the year but are still more expensive than in 2021.• Supply in the rental market has halved and prices have...
A large year-on-year drop in demand, though compared to the second quarter of this year the number of apartments sold decreased in line with the standard curve – this is a brief description of the third quarter on the market in new residential projects in Bratislava. What has barely changed, though, between these quarters is the price. On average, this remains at 3 868 €/m2 excl. VAT, i.e. an ...
Average prices in new builds in Bratislava increased by 18.5 % year-on-year, despite the decrease in the number of apartments sold, according to data from HERRYS estate agency. More than 680 apartments in new builds came on the market. Demand slowed slightly, with nearly 570 apartments sold. The average price of apartments in projects climbed to 3 802 €/m2.Apartment prices increased by 18.5 % ...
The long-term declining supply is failing to satisfy demand for residential real estate, despite constantly rising prices. HERRYS real estate agency data shows that apartments sold exceeded by a third the number of apartments coming on offer and compared to the same period a year earlier supply halved. Despite the rising prices motivating buyers to buy properties “here and now”, the market sho...
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