Bratislava, January 17, 2024 – The Bratislava new-build market experienced its strongest quarter since the pandemic. According to an analysis by BuiltMind, 821 residential units were sold in the fourth quarter of 2024, marking a 70% increase compared to the previous quarter and nearly triple the volume recorded in the same period of 2023.
This surge was driven by falling interest rates and the anticipated increase in VAT starting January 2025. The highest demand was for smaller apartments, such as 1-bedroom and 2-bedroom units, indicating a strong appetite from investors.
“In recent quarters, the most popular projects were located in the outskirts of Bratislava, such as Rača, Komisárky, Východné, the Bory zone, and Dúbravka. Projects near the airport also performed well. Given the current interest rates, buyers prefer smaller and more affordable apartments offered in these locations. Additionally, we saw strong sales in the city center, particularly in the Downtown area, where several attractive new projects were announced. What was once a primarily commercial zone is gradually transforming into a residential area,” said Tomáš Némethy, Managing Partner of Cushman & Wakefield Slovakia.
Among developers, VI Group led the market, selling 101 apartments and surpassing traditional leaders like YIT and Penta Real Estate for the first time. Meanwhile, property prices remained stable at an average of €5,200 per square meter.
Experts predict that after this record-breaking quarter, the pace of sales may slow slightly in 2025. However, the overall interest in Bratislava’s new-builds is expected to remain strong.
About Cushman & Wakefield
Cushman & Wakefield is one of the leading companies in real estate services. Operating in Slovakia since 2005, it opened its Bratislava office in 2007. The company offers a broad range of services in commercial real estate, including leasing, sales, valuation, investment consulting, property management, and project management. Cushman & Wakefield has a long-standing track record of delivering value to clients, including prominent companies, institutions, and investors.
About BuiltMind
BuiltMind has developed a platform for automated data collection and pricing in the residential market. The platform uses real estate data, analyzes property price trends over time, and includes information published in the media.
