Growing demand for small and micro apartments in Bratislava

The demand for small and micro apartments in Slovakia is increasing, particularly in Bratislava. Rising housing prices and higher interest rates on loans have made smaller apartments an attractive option for young couples, individuals, and investors looking for rental opportunities, according to RE/MAX Slovakia.

Currently, the most sought-after apartments in Bratislava range from 20 to 35 square meters. Despite their high price per square meter, these properties tend to sell quickly. Rental prices in the city range from 15 to 18 euros per square meter, making small apartments a profitable investment. The increasing demand for these properties is also driven by limited mortgage availability, which has made larger apartments financially out of reach for many buyers.

According to Katarína Suchá of RE/MAX Vista, real estate prices have been rising faster than wages, forcing buyers to opt for smaller and more affordable housing. She noted that the rise in interest rates since 2022 has significantly increased monthly mortgage repayments, further influencing the trend. Demographic shifts also contribute to the demand, as more people are living alone and prefer owning a home rather than renting.

Investors find small apartments appealing due to their rental potential and steady passive income. This trend is visible not only in Bratislava but also in regional centers such as Košice, Žilina, Nitra, and Trnava. These cities are home to a growing population of young professionals, students, and service workers who prefer to live near their workplaces or universities. However, Bratislava remains the most in-demand location due to its concentration of job opportunities, higher wages, and dynamic real estate market.

Small apartments are particularly attractive in cities with a high proportion of rental housing. They offer lower initial costs and provide rental yields between four and six percent annually, depending on location and whether they are used for short-term or long-term rentals. According to RE/MAX Slovakia, these properties serve as stable assets that retain value even during economic uncertainty. However, real estate expert Ján Hámorský cautioned that investors should also consider potential risks such as maintenance costs, tenant issues, and legislative changes that could impact returns.

Despite their advantages, micro apartments may not be suitable for long-term living for everyone. Experts highlight the limitations of smaller spaces, including restricted storage, reduced comfort, and limited flexibility in housing quality. Such properties may serve as a temporary solution for individuals or couples without children rather than a permanent housing option.

Source: TASR