The new Construction Act, which will enter into force on 1 April 2025, brings with it a number of significant changes that should significantly affect construction and construction procedures in Slovakia. The new Construction Act has a positive impact on the efficiency of construction processes, promises a significant reduction in the administrative burden and should strengthen the professionalization of the state construction administration. Are brighter times ahead?
The third annual Green Roof of the Year 2024 competition, organized by the International Climate Adaptation Research Institute, brought awards for the best green roofs in Slovakia. The winners of various categories were announced at the international conference in Bratislava, including two-time winners Matej Erd from industrial stavieb.sk and Richard Masár from Landart in the categories "Public Green Roof 2024" and "Green Roof 2024 - Innovations".
The year 2024 was a challenging one for the Slovak real estate market, as the total volume of real estate investments reached EUR 484 million, which is a year-on-year decrease of 27 percent. The main reason was the tight monetary policy of the European Central Bank (ECB), which kept the base interest rate at a record high at the beginning of the year. This affected investment activity and caused several investors to reconsider their strategies. The change came only in June, when the ECB, after a long period of tightening monetary policy, proceeded to reduce interest rates for the first time.
"In the West", wealth management has been a common part of the financial world for decades. In our country, however, many people still think of "property management" only as buying real estate or term deposits. What does a modern approach to investment management actually look like and why do qualified investors deserve individual care?
Are you lost in the multitude of locations, offers and benefits when looking for an office? Everything can be simplified if you have the right procedure. You will find out what you should think about in the following article.
The Ministry of Justice of the Slovak Republic has decided to provide modern and efficient premises for the Bratislava III and IV city courts as part of the court map reform. Out of three offers, it selected the BBC 1 Plus building in the Mlynské Nivy zone of Bratislava. This 12-storey administrative building, known as the first LEED Gold certified project on the Slovak market, was chosen based on the court's needs, modern standards and economic efficiency it brings.
From January 1, 2025, the VAT rate will increase to 23%, which will significantly affect real estate prices, which will rise by several thousand euros. The development company YIT Slovakia therefore advises not to wait to buy an apartment and to buy it this year, thanks to which you will secure a new home at a more favorable price.
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