ARTICLES LABELLED WITH TAG Slovakia

Higher borrowing costs and the price gap between buyers' and sellers' expectations are some of the reasons why transaction volumes are significantly below the 10-year average level of ca. €10 billion. This is according to a commercial real estate investment volumes survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts.

IAD's Prvý realitný fond real estate fund has acquired through its real estate company Logis Rugvica d.o.o. a plot of land intended for development in the Sveta Helena area, near the Croatian capital Zagreb. With this project, Prvý realitný fond is successfully starting its activities on the Croatian market.

A new high-rise building replacing an older hotel on the busy Bajkalská street in Bratislava has received an EIA approval, reports YIMBA.sk.

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.