House prices are rising strongly in Slovak Republic
This content is archived.
House prices in Slovakia are now rising strongly, with demand buoyed by low interest rates. The average residential property price rose by 7.04% to €1,369 (US$1,437) per square metre (sq. m.) during the year to Q2 2017, an acceleration from last year's 4.75% y-o-y rise, according to the National Bank of Slovakia (NBS). When adjusted for inflation, property prices rose by 6.02%. During the latest quarter, property prices rose by 2.78% (2.4% in real terms).
Despite this, Slovakia's house prices are still 11.6% below their Q2 2008 peak (-21.6% in real terms).
The rest of this archived report is part of Full Access.
