The residential analytics company Flat Zone has expanded its sphere of interest to Slovakia, which will make possible interesting like-for-like comparisons of the two markets. The company monitors the sale prices of individual apartments from the moment they’re published on a developer’s website. “The transparency of data is still rather low on these markets, so both people and companies lack access to complete information about them,” says Flat Zone co-founder and project manager Vit Soural. “We want to change that.”
In the company’s debut market report, Flat Zone writes that Bratislava’s primary market is 44% smaller than Prague’s. However, on a per capita basis, the current market is 70% larger than Prague’s, with 1,540 units currently on offer (averaging 65 sqm each). New units are roughly one-third cheaper in the Slovak capital, with the average unit on offer going for €4,028 per square meter. The average price that apartments sold for was €3,650. Around half of the available units offer 2-bedrooms, while 23.8% of them have three. The time period for this first study was the month of October. Flat Zone’s study makes it clear that along with being more expensive than Bratislava, Prague’s residential prices are climbing more rapidly.
Also in ThePrime
Unit, A69 and Marko & Placemakers win urbanistic competition for Florenc
OM Consulting: Inflation strengthened the case for construction managers
3Things: Lucron’s competition, Savills Q3 numbers, Obermeyer Helika’s P+R
