Rental returns are moderate in Bratislava, Slovakia
Residential Valuation Specialist | September 28, 2018
|Last Updated: Sep. 28, 2018|
|BRATISLAVA - Stare Mesto flats||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||134,600||562||5.01%||3,365||14.04|
|75 sq. m.||218,175||887||4.88%||2,909||11.83|
|120 sq. m.||349,320||1,320||4.53%||2,911||11.00|
|200 sq. m.||523,000||2,372||5.44%||2,615||11.86|
|BRATISLAVA - Nove Mesto flats|
|40 sq. m.||109,400||498||5.46%||2,735||12.45|
|75 sq. m.||181,950||719||4.74%||2,426||9.58|
|120 sq. m.||285,600||1,357||5.70%||2,380||11.31|
|200 sq. m.||484,200||n.a.||n.a.||2,421||n.a.|
|BRATISLAVA - Ruzinov flats|
|40 sq. m.||111,560||454||4.88%||2,789||11.35|
|75 sq. m.||179,175||735||4.92%||2,389||9.80|
|120 sq. m.||284,160||1,081||4.57%||2,368||9.01|
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
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.