Slovakia » Rental Market

Slovakia offers year round rental potential in some parts but mostly there is a trend of home ownership particularly after the mortgage facilities that allow more people to afford houses. Bratislava the capital city of Slovakia presents solid rental yields as it attracts more businesspersons and tourists than any other place in Slovakia.

 

Mostly people in Slovakia prefer to buy homes rather than live in a rented one that is the reason behind the high home ownership rate of Slovakia. Bratislava has the best rental market when compared to other towns of Slovakia. The things that make it a strong rental market are firstly that Bratislava is developing as a tourist market opening more doors for rental accommodation. Bratislava enjoys all the FDI inflow of the country. The increasing number of migrants coming to the capital city for better opportunities means a stronger rental market of Bratislava. The increase in numbers started since 1990s and is till now on a rising trend. The expats like Austrians, Americans and French generally tend to rent high standard apartments and pay well while the Koreans who come with families prefer houses. There is a shortage of accommodation that makes the need for accommodation all the more important. All the factors contribute in making Bratislava rental market a sophisticated one where new developments are emerging and you can count on getting decent rental yields. Rental yields are higher in Slovakia than many other central European countries and in some areas there are as high as 20%. Rental yields for quality apartments in Bratislava are typically 6-8% and up to 10% in Trnava. Stare Mesto, the city centre has the most expensive property and high rental yields. Apart from the foreign tenants those creating a demand for the rental accommodation are the students or lower income workers who go for the cheap rental units. The inflow of investments in the Slovak tourist resorts mean rising demand for tourists and quality holiday homes.