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Jul 27, 2017

Rental returns are moderate in Bratislava, Slovakia


Last Updated: Jul. 27, 2017
BRATISLAVA - I Flats COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 142,850 625 5.25% 2,857 12.50
120 sq. m. 371,760 1,384 4.47% 3,098 11.53
BRATISLAVA - II and III Flats
50 sq. m. 119,000 531 5.35% 2,380 10.61
120 sq. m. 275,760 1,060 4.61% 2,298 8.83
Districts researched:
Bratislava I: Stare Mesto / Old Town
Bratislava II: Ruzinov
Bratislava III: Nove Mesto/ New Town
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

How much will you earn?  Gross rental yields on apartments are moderate in Bratislava, at around 4.5% to 5.4%.  To define terms, the gross rental yield is the rent the landlord will earn - before taxation, vacancy costs, and other costs - compared to the purchase price of the property.
The gross rental yield in the Old Town is about 4.5%, with smaller apartments earning more.   Returns are not much different in Ruzinov and in the New Town.  The Airbnb market is thriving, but expect damage to your property. 

How much do apartments cost? Apartments in the Old Town of Bratislava cost on average EUR 2,900 per square metre (sq.m.). In the nearby areas of Ruzinov and in the New Town, apartments tend to be cheaper, selling for around EUR 2,400 per sq. m.  You can ´get into the market´ for EUR 120,000 to EUR 350,000.

How easily will you rent your property?  Anecdotally, properties can be quite hard to let. Bratislava is a small place.  Few people absolutely need to live in the centre of Bratislava (unlike in other larger cities).  The number of expatriates, embassies, and international companies in Bratislava is small, which again restricts the supply of tenants.

Round trip transaction costs are very low on residential property in Slovakia. See our Slovak property transaction costs analysis and our Slovakia transaction costs compared to other locations.






Comments

#1 MARK ABRAMOV | June 13, 2010

i think slovakia will experience a very strong fall on the prices of flats and on the rents. Bratislava or better slovakia is the only place in Europe with the highest prperty prices

#2 CHRISBTN | June 20, 2010

The yields listed are pretty accurate - I've just worked out the gross rental yield on my flat in Bratislava II (Ruzinov) and it's just under 6.5%.

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