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Development of dwellings´ prices in the 2nd quarter of 2021
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Development of dwellings´ prices in the 2nd quarter of 2021

Last update: 02.09.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 31.08.2021

Realization prices of real estate increased by 4.8 % year-on-year

For the first time, the Statistical Office of the Slovak Republic publishes data calculated directly from the turnover registered by the Real Estate Cadastre of the Slovak Republic

The growth of realization prices of residential real estate accelerated during the second quarter of 2021. Prices at which real estate was actually sold were higher by 4.8 % year-on-year. For the first time, the Statistical Office of the Slovak Republic processed data from the general database of the Real Estate Cadastre in Slovakia, not only from data from selected real estate agencies.

For the previous four consecutive quarters, growth of realization prices reduced its dynamics - from 13.1 % in the first quarter of 2020 to 2 % in the first quarter of 2021. Currently, the dynamics is increasing slightly again. Percentage price changes are calculated from values in euros per square meter.

Significant growth has been reflected in the existing real estate, their actual turnover prices increased by 7.3 %, prices of new real estate showed only a slight increase of 0.9 %. In the previous quarter, prices were mainly driven by new real estate, but in the previous year, they were driven by existing older real estate.

Realization prices of residential real estate increased by 3.3 % quarter-on-quarter (compared to the first quarter of 2021). For the second quarter in a row, there was a decline in prices of new real estate. Their prices fell by 1.1 % in the second quarter and the price drop increased compared with the first quarter. On the other hand, prices of older real estate also jumped by 6.2 % quarter-on-quarter, which was the highest increase between the consecutive quarters since 2010.

At the beginning in the second quarter of 2021, the Statistical Office of the Slovak Republic began to use a new data source, i.e. the database of the Office of Geodesy, Cartography and Cadastre of the Slovak Republic (UGKK SR), in the calculation of price indices.

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