After an unprecedented rise in interest rates, the CE REIF fund has reassessed the price of real estate in its portfolio. Last year's loss is reaching almost 30%, reports DennikN.sk. It is the first real estate fund in Slovakia that has admitted the problems of commercial real estate.

The construction of Bratislava Vydrica by Lucron is progressing. Currently, the sale of offices in office building V3 on the Danube embankment has been launched.

The decline in residential real estate prices in Slovakia has almost stopped. Available monthly statistics are indicating when the residential property prices' bottom hit has happened, the National Bank of Slovakia reports.

The construction of the Stockerka project from the Proxenta investment group has been officially started, YIMBA.sk reports. After projects in the centre of Bratislava, the developer decided to build a residential complex in the Devínska Nová Ves district.

Developer Corwin has finished the residential complex Kvartet in Ljubljana. The first foreign project of a Slovak developer in Slovenia has obtained a valid building use approval and is almost completely sold out.

As early as 2022, when banks started raising mortgage prices, the fewest apartments in new buildings have been sold in Bratislava since the economic crisis. The 2023 market figures are not optimistic either, DennikN.sk reports.

Developer Penta Real Estate has obtained the building permit for the next stage of its Bory residential zone, YIMBA.sk reports. The permit is not valid yet, however, the whole permitting process has run at full speed in this case.

The Construction Act in Slovakia has been in force for half a century, and this year will probably not be its last either. The new Construction Act, or the Construction Act and Spatial Planning Act, was supposed to enter into force in Slovakia on 1st April 2024. The validity of part of the new legislation will be postponed, reports yimba.sk.

Savills has strengthened its Investment team with a promotion and a new appointment. Fraser Watson has been promoted to the role of Head of Investment for the Czech Republic & Slovakia and Hugo Fischer has joined the Investment team as an Associate.

Plots with a total area of ​​4.5 ha at the intersection of Vajnorská and Odborárská streets in the neighbourhood of Istrochem in Bratislava were acquired by Penta Real Estate for an unspecified price in 2022. Through its subsidiary UNL, Penta has now submitted its investment plan to the authorities for an environmental impact assessment, reports DenníkN.