Slovakia Records Lowest Housing Construction in a Decade Despite Government Claims

Slovakia completed the fewest residential units in a decade last year, contradicting Prime Minister Robert Fico's claims that his Smer party has been actively developing the country. Bratislava, the capital city where housing demand is highest, experienced the most dramatic decline in completed apartments. The poor construction figures persist despite recent mortgage rate reductions and a new building law designed to streamline the long-criticized approval process. The housing shortage comes at a time when Slovakia faces significant demand for residential units, particularly in urban areas where economic opportunities are concentrated.