News Article Bratislava construction housing report Slovakia
by Property Forum | Residential

The number of completed flats in Slovakia has fallen year-on-year in the first quarter of 2022.  Construction around Bratislava has also been on a downward trend for several quarters. However, three Slovak regions report the opposite trend with a dynamic increase in the number of completed apartments. The recovery can be observed in the number of flats under construction, according to data from the Statistical Office of Slovakia, reports.

In Slovakia, a total of 4,078 apartments were completed in the first quarter of 2022, but this represents a year-on-year decline of 9.1 percent. Even compared to the first quarter of 2020, 10 percent fewer apartments were completed. Four out of eight regions in Slovakia also reported a year-on-year decline in the number of completed apartments. Declines of up to 15 percent were recorded in the Žilina, Nitra and Prešov regions. Almost a one-third drop is reported by the Bratislava region, which had previously been raising its construction growth figures. This has been evident for several quarters.

While in previous years every fourth completed region in Slovakia was in the Bratislava region, now it is only every sixth. The Banská Bystrica region leads in the number of completed flats with an increase of almost a third, followed by the Košice and Trenčín regions. Moreover, the majority of completed flats are in family houses, more than three-quarters of them. With 65%, family houses are also the leading type of all flats that have been completed. However, the number of flats started in family houses is lower year-on-year. Thus, more flats were built in apartment buildings. Overall, as of March 31, 2022, there were 6 per cent more apartments under construction in Slovakia compared to the previous year, which represents over 80,000 apartments.