Slovakia’s housing market- still in the doldrums
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Slovakia’s housing market remains weak, despite the economy’s strong recovery in 2010. House prices plunged 3.65% (-4.72% in real terms) over the year to Q2 2010, and were down 16.5% from peak, according to the National Bank of Slovakia, with the nationwide average house price was down to SKK1, 293 per square meter. Nevertheless, the downward trend is moderating,. The Q2 2010 drop was the smallest since 2009.
Among regions, only Banska Bystrica recorded a house price increase (2.48%) over the year to Q2 2010. Nitra, on the other hand, had the sharpest drop (-13.76%) over the same period.
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