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Slovak construction companies expect continued decline in activity in 2010

Slovak construction companies expect continued decline in activity in 2010
Published: 1 week ago

Construction companies operating in Slovakia expect the currently visible decline in the industry to continue over 2010. They expect that stabilisation and a return to growth in the sector will arrive only in 2011. This is based on the results of a quarterly analysis of the status of the Slovak construction industry prepared by CEEC Research company in cooperation with KPMG Slovensko and other companies that consisted of telephone interviews with a selected sample of 70 construction companies doing business in Slovakia.

Sheraton Hotel opens in Bratislava

Sheraton Hotel opens in Bratislava
Published: 2 weeks ago

Bratislava has another five-star hotel. On February 24, Sheraton Hotel opened its doors to guests as the first building operating within the new Eurovea centre on the north embankment of the Danube River. The whole centre, which consists of a shopping gallery, office space, apartments as well as a multiplex, will open later in March.

Residential real estate prices fall again in Q4 of 2009

Residential real estate prices fall again in Q4 of 2009
Published: 3 weeks ago

The trend of falling prices in residential real estate continued over the fourth quarter of 2009. The average price per square metre of residential real estate in Slovakia was €1,297 in the fourth quarter, down 1.9 percent from the previous quarter and 12.3 percent year-on-year, the National Bank of Slovakia (NBS) reported, as cited by the SITA newswire. NBS monitors real estate prices together with the National Association of Real Estate Agencies (NARKS).

New Slovak Architecture

New Slovak Architecture
Published: 1 month ago

Slovakia has experienced a nonpareil construction boom during recent years. Skylines of Slovak cities and towns, and the general appearance of the countryside as well, have changed – with new skyscraper buildings erected, new residential areas constructed and old facilities torn down. Henrieta Moravčíková, the head of the Department of Architecture at the Institute of Construction and Architecture of the Slovak Academy of Sciences, has selected 101 buildings constructed or renovated between 1999 and 2009 to illustrate current trends and developments in Slovak architecture. Slovart publishing house published the Slovak-English book, titled New Slovak Architecture, at the end of 2009.

Real estate consultants: Banks must grease the wheels

Real estate consultants: Banks must grease the wheels
Published: 1 month ago

Signs of revival appear but depend on GDP growth, realistic expectations and use of expertise



Construction output shrinks

Construction output shrinks
Published: 5 days ago, Compiled by Spectator staff

The output of Slovak construction companies continues its decline. After consecutive shrinkage over all months of 2009, except in August when output increased by a mere 0.1 percent year-on-year, the downward trend continued in January 2010 with construction output recorded as 8.1 percent less than January 2009, at €257.5 million, the Slovak Statistics Office reported on March 9. The poor development is ascribed to low demand for almost all kinds of construction projects, financing limitations and unfavourable weather conditions as well as some other persisting effects from the financial crisis.

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