Residential prices in Slovakia reached a six-year high in the third quarter, according to data published by the Slovak central bank (NBS) this week. Apartment prices averaged €1,295/sqm in Q3, up by 5.4 percent q-o-q. This is the fastest price increase seen on the resi market since 2008 and the eighth consecutive quarter of growth, thanks mainly to the booming economy and low mortgage rates. Prices are growing faster than the average wage, making flats less attainable. The average flat price in Bratislava is twice as much as in the regions. However, flats are still cheaper by some 17 percent than they were in 2008.
