Developer Lucron Begins Construction of Major Rental Housing Project in Bratislava

Lucron has started construction of two residential buildings in Bratislava's Petržalka district that will contain over 300 rental apartments, making it the first developer in the Slovak capital to remain as the investor in an entire rental housing complex. The project, called Nesto, represents the first major commercial rental housing development in Bratislava designed from the outset for long-term rental rather than sale. The development comes as Slovakia faces a housing affordability crisis, particularly in Bratislava where property prices have surged in recent years. While the Slovak government has prepared support schemes to encourage rental housing construction, Lucron's project is proceeding without state assistance, indicating growing private sector interest in the rental market as an alternative to traditional buy-to-sell development models.