Slovak Real Estate Market Outlook 2026

Economic Outlook

Inflation in 2025 averaged 4%, consistent with a contained price environment. The Slovak economy is forecast to grow by 1% year-on-year. Labor market conditions remain relatively tight, with continued resilience and ongoing nominal wage growth across sectors.

Capital Markets

Total investment activity surged, representing a 82% increase y-on-y. Retail emerged as the dominant sector, representing nearly half of the annual total.

Office

In 2025, total leasing activity reached approximately 271,000 sqm, the highest annual volume recorded. Development activity remained subdued in 2025, with only one project, delivered to the market. Vacancy edged down further, reaching 14.09% by year-end, a 38 basis points decrease compared with 2024.

Industrial & Logistics

Leasing activity across Slovakia’s industrial and logistics sector showed signs of stabilization in 2025, although take-up continued to soften. Total take-up fell by 33%, , with renegotiations making up about half of all leasing activity.

Retail

Slovakia’s retail sector recorded only modest gains in 2025, with tenant turnovers rising by around 1% year-on-year, while average footfall across the monitored scheme remained flat. Although the annual figures suggest limited momentum, activity throughout the year displayed more variation.

Bratislava Living

The market with new residential developments in Bratislava strengthened throughout 2025, with approximately 2,500 apartments sold, marking a 48% y‑on‑y increase.