Slovak property prices fall in Q1
Slovak residential property prices fell 0.6% in the first quarter after two consecutive increases as rising unemployment depresses demand for housing, the central bank said. The average price for residential property declined to €1,240 ($1,623) per square meter (10.8 sq.ft.) in the first three months of 2013 from €1,247 in the fourth quarter of last year, the National Bank of Slovakia said Tuesday. Prices gained 0.4% on the year. The average price of residential property is 20% down from a peak reached in the second quarter of 2008. Prices varied from €588 a square meter in the Nitra region of western Slovakia, to €1,670 in the capital, Bratislava.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.