ACTUAL DEVELOPMENT IN RESIDENTIAL PROPERTY PRICES IN BRATISLAVA REGION

Developments in property prices have a major impact on the economy. Economic development and development on the real estate market are connected. The development of the real estate market is largely dependent on the state of the economy within the economic cycle. Extreme pressures in the economy can trigger a crisis in the real estate market. Significant declines in property prices can destabilize the banking system and cause widespread economic problems. The tracking of real estate prices has become very important, especially after the outbreak of the economic crisis, as one of the main reasons was the disproportionate rise in real estate prices in the US. This has led to the emergence of a real estate bubble and turbulence in the global financial markets. Understanding real estate prices is very important in analyzing macroeconomic indicators. The aim of the article is to analyze the current development of housing prices in Bratislava as well as the short-term prognosis of possible developments in the near future. Analytical methods were used for the study.