The price of newly-built luxury flats in Bratislava appears to be decreasing, as key developers make provisions to sell their real estate in what are difficult economic times.

This situation does, however, represent a golden opportunity for investors who may be able to benefit from lower property prices for flats and homes that are almost certain to appreciate in value in the coming years.

One of the first major developers to drop their prices in the Slovak capital city is J&T Real Estate. The firm decided that in an effort to sell its newest units as rapidly as possible, it would reduce the prices of flats within its new River Park project.

The River Park project is almost certainly in one of the most prestigious locations in Bratislava. These luxury flats are built along the River Danube and are a stone’s throw away from the Hrad, or the Slovak Capital’s historic castle.

The Hrad is the city’s most visited tourist attraction and as such, purchasing a River Park flat might also serve as a fruitful investment for those looking to get into the business of holiday apartment rentals.

Those fearing that the prices of these luxury flats will fall even further in the coming months can rest assured that these home values will most likely only go up.

J&T Real Estate confirmed that they have no intention of dropping prices any further after this initial reduction aimed at attracting more buyers. The River Park project extends over a territory of 150,000 sq. metres.