If it were only about the numbers, all signs would point to “Now” for investing in Bratislava’s property market. Booming office demand from multinational occupiers, combined with a moderate supply of new high-quality product has allowed vacancy rates to fall to historic lows in that sector. Meanwhile, the transformation of Slovakia into an automotive powerhouse has driven the entire economy even as it produces insatiable demand for new industrial space from logistics companies. Slovak assets trade at a significant discount to comparable product in Prague and Warsaw. And yet, Czech and Slovak investors have dominated the market over foreign investors. With the real estate cycle now far-advanced, is this starting to change?
This conference will feature a powerful mix of CEE and local investors and developers already active on the Slovak market as well as some of the many institutional buyers now competing for high-value assets. It will feature informative analysis of current market conditions as well as frank discussions about what’s needed to promote new growth and investment.
12th September 2019
The volume of real estate investment in the Slovak market goes hand in hand with the country’s economic performance as well as many external factors. Market observers agree that there’s still a high level of willingness to invest but there are increasing signals of a growing caution. What are the main reasons to continue investing? And what should investors watch out for? Is there still money to be made at this point in the cycle? Are there significant differences in Slovak regions?
The office sector is changing rapidly to match the way companies are doing business. Employers are creating space that encourages creativity of employees. Concepts like co-working have become the norm. Achieving sustainability certificates is now a standard part of construction process and the most pioneering developers have moved on to Well Certifications. Meanwhile, proptech innovators are trying to convince developers to install the latest applications for building management. How are all of these innovations impacting the bottom line? Do tenants in Bratislava actually demand state-of-the-art offices and are they willing to pay extra for it? Which of the new trends in office development will survive and which are only a short-term “fad”?
For an increasing number of developers, the residential market is no longer just about the standard construction of apartment buildings and flats. What are the new trends? Social housing in Slovakia has been marginalized for a long time, but it’s now emerging as a submarket with real potential for growth. In addition, rental housing is beginning to be considered strongly, as prices for standard flats rise beyond the financial means of more and more people. What is motivating investors to go into these alternative forms of residential development and what are the potential problems and opportunities?
811 09 Bratislava