NBS: Real Estate Prices Rose to Record Levels in 2Q25

Bratislava, 5 August (TASR) - In the second quarter of this year, real estate prices rose by 2.9 percent when compared to the previous quarter and by 12.8 percent compared to the same period of last year, Slovakia's central bank (NBS) reported on Tuesday. Prices are now 2.4 percent above the record level seen in 2022, i.e., before the period of interest rate hikes. The prices of flats rose by €72 to €3,113 per square metre on average in the second quarter, up 4.4 percent when compared to the third quarter of 2022. While the prices of three-bedroom flats remained at the same level, all other types of apartments were more expensive, with four-bedroom flats seeing the biggest increases. House prices rose by €67 to a new high of €2,098 per square metre, up by 3.8 percent when compared to the previous maximum seen in 2022. "Compared to the beginning of year, Bratislava region contributed a much lower share to this growth. Prices in Presov, Zilina, Nitra and Banska Bystrica regions increased significantly, while Kosice region has remained at the levels seen in recent quarters," said NBS analyst Roman Vrbovsky. In the second quarter, Bratislava saw only a slight rise of 1.8 percent, with other regions catching up somewhat. "The most significant price growth was recorded in Presov (9.7 percent) and Nitra regions (8.2 percent). However, prices also rose by more than 5 percent in Banska Bystrica and Zilina regions and, for the third quarter in a row, in Kosice region," he said. The number of advertisements increased by 6.2 percent on the previous quarter, but fell year-on-year, said Vrbovsky, adding that the trend was the same last year, but growth stopped during the summer. "Looking at the monthly developments of real estate prices, more significant growth can be seen especially between March and April. In May, only house prices grew, while in June the market was driven by the prices of flats," said Vrbovsky, adding that the increase in mortgages is gradually approaching the trends in real estate prices in the second quarter, but the gap has not been fully closed yet. jrg/df/ko