The Impact of the COVID-19 Pandemic on Housing Sector in Slovakia

  • Lukas Kopac,
  • Isamil Tahir,
  • and Damon Ajiri
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  • Lukas Kopac

    PhD student at Slovak University of Technology in Bratislava, Institute of Management, Slovakia.

  • Isamil Tahir

    PhD student at Comenius University in Bratislava, Faculty of Social and Economic Sciences, Slovakia.

  • Damon Ajiri

    PhD student at Comenius University in Bratislava, Faculty of Social and Economic Sciences, Slovakia.

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Abstract

The COVID-19 pandemic has forced countries worldwide to face a new reality and the measures taken by governments to mitigate the impact on citizens and economies. The measures included social distance, lockdowns, and restrictions on the movement of people. For the housing sector in Slovakia, as well as for the construction sector, restrictive measures meant delaying or postponing and in many cases a complete suspension of many projects. The paper aims to examine the effects of the COVID-19 pandemic on the Slovak housing sector. The research included using qualitative data collection methods, data comparison, and analogy. In general, the housing sector in Slovakia was only slightly affected, with the most fundamental factor being delays in the approval and completion of flats. The main findings reveal that, although investors are cautious, the current pandemic situation has not, in principle, affected the housing sector as demand exceeds supply.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 5, Issue 4, Page 839 - 847

DOI: https://doij.org/10.10000/IJLMH.113411

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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