Slovakia's property market delivered mixed results in Q4 2025, with residential sales reaching their highest levels since 2021 while industrial activity surged to record highs, according to Cushman & Wakefield's latest market reports.
The residential market in Bratislava saw 818 apartment sales in Q4, representing a 14% quarterly increase. For the full year 2025, nearly 2,800 apartments were sold, marking the strongest annual performance since 2021. Average asking prices rose 2.5% quarterly to €5,600 per sqm, while actual sales prices increased by 3.0%. "The market is gradually forming a two-speed model with premium projects in better locations commanding higher prices, while standard projects must respond more actively to growing competition," said Lukáš Bráth, Senior Research Analyst at Cushman & Wakefield.
Slovakia's industrial sector experienced its strongest quarter in over 15 years, with gross demand reaching 301,800 sqm in Q4 2025. Annual demand totalled 532,100 sqm, returning to seven-year average levels. However, renegotiations dominated activity, comprising 67% of Q4 demand and 51% of annual activity. Prime rents remained stable at €5.40 per sqm per month, while vacancy rates dropped to 7.4%.
The retail sector completed 59,883 sqm of retail park space across nine projects in Q4, pushing total retail park space above 800,000 sqm. For the full year, new retail supply reached 98,400 sqm across 19 projects, with Central Slovakia accounting for 52% of completed projects. Prime rents in shopping centres held steady at €100 per sqm per month.
Investment activity surged to €1 billion in 2025, the second-highest volume in Slovakia's history and well above the long-term average of €700 million. Industrial assets dominated with 43% of investment volume, followed by retail at 40% and offices at 17%. Major transactions included the sale of Bory Mall in Bratislava and several portfolio deals.
