16th August 2024

The average rental price in the residential segment in Bratislava increased by €163 year-on-year

Author HERRYS
The average rental price in the residential segment in Bratislava increased by €163 year-on-year
  • In July, the average rental price for properties in the residential segment was €1,133 excluding utilities, representing a year-on-year increase of nearly 16.8%, or €163.
  • Since the beginning of 2024, the price has risen to almost €14 per square meter.
  • The average price for apartments in new buildings is €1,237 per month, while for older apartments it is €1,021 per month.
  • The current availability of rental apartments is 1,562 units.

Data from HERRYS on the residential rental market in Bratislava indicates a continuing decline in the supply of apartments and a long-term price increase. The average rental price has reached €1,133 per month excluding utilities, reflecting a year-on-year growth of 16.8%, or €163.

The largest year-on-year price increases were observed in larger apartments. The average monthly rent for 4-room apartments increased by 28%, while for 5-room apartments, it rose by 22%. For 1-room and 2-room apartments, the average monthly rent increased by 10% and 19%, respectively, with 3-room apartments seeing an 18% rise in rental prices.

Price differences in monthly rent are also evident between new and older apartments. The average rental price in new buildings is €1,237 excluding utilities, whereas in older apartments, it averages €1,021 per month, excluding utilities.

The rise in prices, particularly for larger apartments (4- and 5-room), suggests that families and larger households are willing to pay more for higher-quality living spaces. This creates exceptionally favorable conditions for those considering the purchase of investment properties. With increasing rental prices and a long-term decline in supply, there is now an opportunity to secure a stable return.

Filip Žoldák from HERRYS commented on the rental market situation: “Market sentiment is improving due to decreasing interest rates, and confidence in purchasing investment properties for rental is returning. I believe that demand for real estate will persist with the expected gradual growth, which will, in turn, lead to a continued rise in prices. We are already witnessing a positive trend in price increases for the third consecutive month.”