Bratislava is facing a drastic lack of supply of new apartments, according to a report by Bencont Investments. The company writes that the situation in the Slovak capital is similar to its Czech counterpart, where the inability of developers to keep up with demand has sent prices skyrocketing. The average price of a flat in new Bratislava flats has surpassed €3,000, overtaking the previous record set back in 2008, just before the financial crisis swept across Europe. By topping out at €3,237, writes Bencont, prices in 2019 jumped 11.3 percent, thanks in part to the low number of new build completions. The total number of free apartments in new build project fell to less than 2,000 for much of the year. Bencont Investments has compared the current state of Bratislava’s residential market to the situation in Prague in 2017 and 2018. In the last quarter of the year, nearly 70 percent of all sales were for 1- and 2-room units.
