Sales prices of dwellings accelerated their growth at the end of 2024, the prices of older houses and dwellings were more expensive
Sales prices of dwellings and houses in Slovakia rose in the 4th quarter for the third consecutive quarter, the quarter-on-quarter rate of price increase increased to 4% and in year-on-year comparison to 8%. From a regional perspective, the highest year-on-year growth was recorded by Žilinský and Košický kraj.
Residential property prices in Slovakia in the 4th quarter of 2024 increased by an average of 3.6% quarter-on-quarter. The rate of price increase was higher than in the previous two quarters. The current rate of price increase had almost the same dynamics for both new dwellings1) and existing dwellings2). In the 4th quarter, prices for new dwellings increased by 3.6% quarter-on-quarter, and for existing dwellings by 3.7%.

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A price increase on average for all dwellings was recorded in 6 out of 8 SR regions. In individual regions, the increase ranged from 0.4% in Žilinský kraj to 11.8% in Nitriansky kraj. A very slight price drop of up to 1.1% compared to the previous quarter was observed in the Trnavský and Trenčiansky kraj.
Development of dwelling prices in year-on-year comparison
Currently, dwellings in Slovakia in the 4th quarter of 2024 were sold by 7.9% more expensive than a year ago, with a more significant year-on-year price increase recorded by existing dwellings (+8.4%) than new dwellings (+5.7%). The pace of year-on-year price growth has accelerated compared to the previous two quarters.
In terms of regional development, prices increased year-on-year in all 8 regions, from 2.3% in Trnavský kraj to 20.3% in Žilinský kraj. Besides Žilinský kraj, a double-digit growth rate was recorded in Košický kraj (+10.5%).

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In a long-term comparison, dwellings in Slovakia in the 4th quarter of 2024 were sold at higher prices by 96.4% than the average in 2010 (base index). The increase in prices varied by dwellings type, while the prices of new dwellings rose by almost 66% over the 14-year period, and the existing dwellings increased by 111%.