Across Europe, 2025 is expected to bring modest economic recovery, with Eurozone GDP projected to grow by 1.3%, supported by easing interest rates and stronger consumer spending. Slovakia's real estate market is set to see notable changes in 2025, driven by shifts in investment, office, industrial, and retail sectors. Anticipated interest rate cuts are expected to boost investment activity, potentially raising transaction volumes above the 10-year average.
Office and Industrial Sectors Lead the Way
In Bratislava, demand for premium A+ office spaces remain strong, pushing rents higher and reducing vacancy rates, while secondary properties face challenges. The industrial sector remains stable, with vacancy rates below 1% in key locations like Bratislava, Žilina, and eastern Slovakia, maintaining robust demand for modern facilities.
Retail Adjusts to Consumer Behavior
Retail markets are adapting to changing consumer preferences, with over 25 new brands entering the market in the last few years and moderate rent growth expected in retail parks. On a broader scale, Europe’s recovery in 2025, supported by GDP growth of 1.3%, lower interest rates, and stronger consumer spending, provides a favorable backdrop for Slovakia’s real estate market.
