Slovakia Property Investment News

Slovakian residential property market attracts attention

Slovakia’s residential property market has received a boost with the news that real estate investment company Conwert Immobilien Invest AG is expanding their portfolio to the country and investing around €29 million there.

Conwert Immobilien Invest AG is a Central European residential property company that specialises in developing older residential properties on a large scale. Up until recently their business focus was in Germany, the Czech Republic and Hungary, however they have seen the potential presented by residential real estate in Slovakia. Their belief in this potential is such that they have announced that they will invest €29 million in key inner-city residential properties, particularly in Bratislava and Zilina.

The reason behind this interest in Slovakia is a rise in demand in the high-quality apartment sector in the country, particularly from young professionals (a growing demographic in Slovakia). In addition to this, the concept of renting rather than owning is gaining popularity among Slovakians, giving rise to new buy-to-let opportunities. Johann Kowar, Chairman of Conwert's Management Board, describes this as “an ideal market environment for the formation of rental apartments”.

The potential of investment property in Slovakia has increasingly been making the news within the real estate industry due to a number of factors. A strong economic performance and a number of international businesses choosing to open headquarters in the country are generating increased demand for modern living space in line with Western standards. Various studies have confirmed the high growth potential of Bratislava combined with low levels of investment risk.