Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Slovakia has been experiencing significant growth and development in recent years. Customer preferences in the Real Estate market in Slovakia have been shifting towards modern, well-designed properties that offer a high level of comfort and convenience. Buyers and investors are increasingly looking for properties that are energy efficient and have modern amenities such as smart home technology. Additionally, there is a growing demand for properties in urban areas that are close to transportation hubs, schools, and other amenities. One of the key trends in the Real Estate market in Slovakia is the increasing popularity of apartment living. Many young professionals and families are opting for apartments due to their affordability and convenience. This trend has been driven by the rising cost of housing and the desire for a more flexible lifestyle. As a result, there has been a surge in the construction of apartment buildings in major cities across Slovakia. Another trend in the Real Estate market in Slovakia is the growing interest in commercial properties. With the country's strong economic growth and favorable business environment, there has been an increase in demand for office spaces and retail properties. Many international companies are expanding their operations in Slovakia, leading to a higher demand for commercial properties. Local special circumstances in the Real Estate market in Slovakia include the country's favorable tax policies and government incentives for real estate investment. The government has implemented various measures to attract foreign investors, such as offering tax breaks and subsidies for the construction of new properties. These incentives have contributed to the growth of the Real Estate market in Slovakia. Underlying macroeconomic factors that have contributed to the development of the Real Estate market in Slovakia include the country's strong economic growth and low interest rates. Slovakia has experienced steady economic growth in recent years, which has increased consumer confidence and purchasing power. Additionally, low interest rates have made it more affordable for individuals and businesses to borrow money for real estate investments. In conclusion, the Real Estate market in Slovakia is experiencing significant growth and development, driven by customer preferences for modern, well-designed properties and the increasing popularity of apartment living. The market is also benefiting from the growing demand for commercial properties and the country's favorable tax policies and government incentives. The strong macroeconomic factors, including the country's economic growth and low interest rates, have further contributed to the development of the Real Estate market in Slovakia.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
