The beginning of the year has brought double-digit growth in residential property prices in Slovakia, with older houses and apartments becoming more expensive. According to a report by the Statistical Office, house and apartment prices are picking up again, growing at the beginning of this year at the fastest rate since 2022.
Year-on-year growth accelerated to more than 13%, and quarter-on-quarter growth remained above 3%. A significant jump was recorded in the Bratislava region, where property prices were 27% higher year-on-year on average. Double-digit growth was also recorded in 4 other regions.
Average price growth for all properties was recorded in 6 out of 8 regions of Slovakia, ranging from a slight increase of 1.3% in the Trnava region to a significant increase of 10.6% in the Bratislava region. In most of these regions, more dynamic price growth was recorded for existing properties than for new buildings.
Currently, real estate in Slovakia in the 1st quarter of 2025 was sold 13.2% more expensive than a year ago. Existing real estate (+13.9%) recorded a more significant year-on-year increase in price, while the growth rate for new real estate was slower (+10.1%). These were the highest values on average since the 3rd quarter of 2022.
In a long-term comparison, houses and apartments in Slovakia in the 1st quarter of 2025 were sold at prices 102.4% higher than on average during 2010 (basic index). The increase in prices varied by type of real estate. Over 14 years, prices for new real estate increased by almost 69% and for existing real estate by almost 118%.
