Bratislava's parking policy is coming
Bratislava was one of the last European capitals without a parking policy. This should change in 2020 when Bratislava city council, in cooperation with all the city’s boroughs, plans to introduce a city-wide parking policy with the aim to reduce the number of cars in the inner city and secure parking places for Bratislava residents.
What will the new parking policy look like?
Parking is a huge problem in Petržalka. (Source: TASR)
||It is proposed that the first annual parking card per household should cost €49. The card for the second car in a household will cost €150 while the price of the third card will be €500. With it the holder can park in his/her residential zone free of charge while he or she will be able to park free of charge in other residential zones for two hours per day. The card will also provide its holder 100 free hours of parking for their visits in the given residential zone.
Only people with permanent residence in Bratislava would be allowed to buy a parking card. Those without it will pay commercial parking fees, ranking from €0.5 to €2 per hour while the most expensive parking will be in the Old Town.
While the parking policy should be valid city-wide, it will be up to each borough whether it would introduce areas with regulated parking.
How will it affect the real estate market?
Those with any relation to real estate in the city will be able to buy season tickets ranking from €1,500 per year to €500 per year depending on the tariff zone. It is possible that the demand for housing in the surrounding villages will drop, from where people travel to Bratislava to work by car. Although analysts do not expect any significant impact on the real estate market, whether in Bratislava or the surrounding municipalities.
For the time being the city council and councillors of individual boroughs are fine-tuning the parking policy which still needs to be approved by Bratislava councillors. Only then would it become effective. People who bought a property for living outside of Bratislava, will likely to experience more difficulty in parking in the capital after the regulation is implemented. It doesn't mean, that they would start moving back, however difficult parking can affect potential buyers who are considering the possibility of moving around Bratislava today.
The result may also be a decline in demand for living in nearby cities from which people commute to work to the capital of Slovakia. Analysts agree on Bratislava's unrivaled position on real estate the market in terms of buyers' preferences when deciding between housing in the city and living outside of Bratislava in the suburbs. New buildings and houses in satellites continue to be popular, but escaping the city's bustle is far from being as romantic as some years ago.
"Quieter environment is an attraction, but buyers more and more prefer to live close to jobs and leisure activities while poor infrastructure and traffic jams are a letdown when it comes to commuting." said TASR chief analyst Bencont Investments Rudolf Bruchánik. Bruchánik also admitted that "The price development in recent years shows that people prefer urban housing in apartment buildings over life on in rural houses, but high prices and lack of apartments in Bratislava can in the future to push the population to peripheral locations."