Nehnute\u013enosti ur\u010den\u00e9 na b\u00fdvanie v Bratislave medziro\u010dne zdra\u017eeli bezm\u00e1la o 20 %. Priemern\u00fd rast cien real\u00edt za cel\u00e9 Slovensko pritom predstavoval asi 13 %. Tak\u00fdto pozoruhodn\u00fd rast cien je zvl\u00e1\u0161tny aj v eur\u00f3pskom meradle, ke\u010f v podmienkach zvy\u0161ovania \u00farokov\u00fdch sadzieb z \u00faverov na b\u00fdvanie ceny rast\u00fa ove\u013ea men\u0161\u00edm tempom. Pr\u00ed\u010din nafukovania cenovej realitnej bubliny je pomerne ve\u013ea. \n<\/p>\n
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u013dubo\u0161 Pavelka, ekon\u00f3m<\/p>\n
\t\t\t\t\t\t\t\t15.06.2026 14:00 \t\t\t\t\t\t\t<\/p>\n
Pod\u013ea ekonomick\u00e9ho analytika Ronalda I\u017eipa \u017eiadna krajina v\u00a0euroz\u00f3ne nem\u00e1 tak\u00fd vysok\u00fd podiel majetku dom\u00e1cnost\u00ed v\u00a0nehnute\u013enostiach ako Slovensko, kde je to viac ako 80\u00a0% z\u00a0celkov\u00e9ho \u010dist\u00e9ho majetku. Za uplynul\u00fa dek\u00e1du nehnute\u013enosti u\u00a0n\u00e1s zdra\u017eeli dvojn\u00e1sobne. Pod\u013ea I\u017eipa v\u0161ak vysok\u00fd podiel bohatstva Slov\u00e1kov v\u00a0nehnute\u013enostiach ekonomike takmer ni\u010d neprin\u00e1\u0161a.<\/p>\n
Samotn\u00fd rast cien toti\u017e nezvy\u0161uje produktivitu pr\u00e1ce, inov\u00e1cie ani neposil\u0148uje exportn\u00fa v\u00fdkonnos\u0165 krajiny. V\u00a0skuto\u010dnosti ve\u013ek\u00fd podiel majetku v\u00a0realit\u00e1ch blokuje kapit\u00e1l skoro do takej miery ako invest\u00edcie do zlata, ktor\u00e9ho k\u00fapa na rozdiel od real\u00edt je osloboden\u00e1 od platenia DPH, ke\u010f\u017ee je pova\u017eovan\u00e9 za obdobu dev\u00edzov\u00fdch hodn\u00f4t. Pre porovnanie\u00a0\u2013 pri k\u00fape nehnute\u013enost\u00ed investor plat\u00ed u\u00a0n\u00e1s 23\u00a0%, \u010do je skoro dvojn\u00e1sobok sadzby DPH v\u00a0\u010cR (12\u00a0%).<\/p>\n
Rast cien nehnute\u013enost\u00ed ovplyv\u0148uje i\u00a0stup\u0148ovanie geopolitick\u00fdch riz\u00edk. Pre vojensk\u00fd konflikt v\u00a0Ir\u00e1ne napr\u00edklad nar\u00e1stli od za\u010diatku roka n\u00e1klady na stavebn\u00fd materi\u00e1l o\u00a015\u00a0%, \u010do u\u017e v\u00e4\u010d\u0161ina firiem premietla do cien kone\u010dn\u00fdm z\u00e1kazn\u00edkom. Na rast cien vpl\u00fdva tie\u017e zvy\u0161ovanie cien energi\u00ed, pohonn\u00fdch hm\u00f4t a pracovn\u00fdch n\u00e1kladov v\u00a0stavebn\u00edctve. V\u00a0nehnute\u013enostiach a strojn\u00fdch technol\u00f3gi\u00e1ch eviduj\u00fa vysok\u00fd podiel majetku aj slovensk\u00e9 firmy, \u010do im zv\u00e4zuje ruky pri invest\u00edci\u00e1ch s\u00a0v\u00fdnimkou \u00faverov.<\/p>\n
Na odborn\u00fdch semin\u00e1roch a konferenci\u00e1ch som sa \u010dasto stretol s\u00a0t\u00fdm, \u017ee mnoh\u00e9 banky \u010di ich l\u00edzingov\u00e9 spolo\u010dnosti u\u00a0n\u00e1s poskytuj\u00fa ove\u013ea men\u0161ie spektrum finan\u010dn\u00fdch n\u00e1strojov ako je tomu vo vyspel\u00fdch krajin\u00e1ch euroz\u00f3ny. Napr\u00edklad financovanie formou cash pooling alebo hypotek\u00e1rny kontokorent je pre mnoh\u00e9 \u00faplne nezn\u00e1mym pojmom.<\/p>\n
Slovensko je krajinou s\u00a0n\u00edzkou \u00farov\u0148ou finan\u010dnej gramotnosti, \u010doho d\u00f4kazom bol enormn\u00fd objem toxick\u00fdch invest\u00edci\u00ed do nebankov\u00fdch spolo\u010dnost\u00edi. Tis\u00edce obyvate\u013eov pri\u0161lo o\u00a0zna\u010dn\u00fa \u010das\u0165 svojich nasporen\u00fdch pe\u0148az\u00ed. K\u00a0dielu skazy prispelo i\u00a0sklamanie ve\u013ek\u00e9ho po\u010dtu \u013eud\u00ed v\u00a0kup\u00f3novej privatiz\u00e1cii zneu\u017eitej \u010dasto na tunelovanie majetku zo strany spr\u00e1vcov kapit\u00e1lu. V\u00fdsledkom bola v\u0161eobecn\u00e1 skepsa verejnosti investova\u0165 svoje \u00faspory do\u00a0akci\u00ed.<\/p>\n
Drah\u00e9 nehnute\u013enosti ur\u010den\u00e9 na b\u00fdvanie vo ve\u013ek\u00fdch mest\u00e1ch s\u00a0dostatkom pracovn\u00fdch pr\u00edle\u017eitost\u00ed s\u00fa magnetom pre n\u00e1kup investi\u010dn\u00fdch bytov. \u013dudia za nimi vidia potenci\u00e1l dobr\u00fdch v\u00fdnosov z\u00a0pren\u00e1jmu a rastu ich cien. Percentu\u00e1lny ro\u010dn\u00fd v\u00fdnos z\u00a0pren\u00e1jmu je v\u0161ak u\u017e pri dnes kupovan\u00fdch realit\u00e1ch ve\u013emi n\u00edzky a \u010dasto nesta\u010d\u00ed na spl\u00e1canie hypot\u00e9ky.<\/p>\n
Viac ako tretinu bytov kupuj\u00fa \u013eudia ako svoju druh\u00fa a \u010fal\u0161iu nehnute\u013enos\u0165 s\u00a0presved\u010den\u00edm, \u017ee nem\u00f4\u017eu prerobi\u0165. Zv\u00fd\u0161enie n\u00e1kladov spojen\u00fdch s\u00a0ich vlastn\u00edctvom v\u00a0podobe drah\u00fdch hypot\u00e9k, energi\u00ed, dane z\u00a0nehnute\u013enost\u00ed v\u0161ak m\u00f4\u017eu urobi\u0165 v\u00fdrazn\u00fd \u0161krt cez rozpo\u010det.<\/p>\n
Byty sa st\u00e1vaj\u00fa no\u010dnou morou vlastn\u00edka najm\u00e4 pri nespr\u00e1vnom v\u00fdbere n\u00e1jomcu \u010di zlom obsahu n\u00e1jomnej zmluvy. Pop\u00e1lenie sa na vlastn\u00fdch chyb\u00e1ch pri investovan\u00ed do teh\u00e1l a panelov je potom ve\u013emi bolestiv\u00e9 a\u00a0drah\u00e9.<\/p>\n
N\u00e1zory extern\u00fdch prispievate\u013eov nemusia vyjadrova\u0165 n\u00e1zor redakcie.<\/p>\n","protected":false},"excerpt":{"rendered":"Nehnute\u013enosti ur\u010den\u00e9 na b\u00fdvanie v Bratislave medziro\u010dne zdra\u017eeli bezm\u00e1la o 20 %. Priemern\u00fd rast cien real\u00edt za cel\u00e9…\n","protected":false},"author":2,"featured_media":99252,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[11],"tags":[64,20178,65,66,2618,588,2946,2974,43,40,39,42,41,34348],"class_list":["post-99251","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ekonomika","tag-business","tag-cena-nehnutelnosti","tag-economic","tag-ekonomika","tag-investovanie","tag-nazory","tag-nehnutelnosti","tag-realitny-trh","tag-sk","tag-slovak","tag-slovakia","tag-slovencina","tag-slovensko","tag-trh-s-nehnutelnostami"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/99251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=99251"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/99251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/99252"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=99251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=99251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=99251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}