RRE Dashboard
The dashboard includes a set of indices used by the National Bank of Slovakia to follow and assess the development on the residential real estate market. This market is very important in case of Slovakia, both from the perspective of macroeconomy and financial stability. Home ownership is very high and housing loans form a large part of the banks’ assets. The list includes composite indices, housing affordability indices and macroeconomic models estimating fundamental prices or studying the impact of different shocks on real estate prices. A methodological note in the form of NBS occasional paper is published together with the list of indices, including the methodology, a short economic interpretation and data used for the indices. The list of indices is regularly revised and thus can be adjusted in the future.
Composite index
The composite index is reflecting the gradual upturn on the real estate market. Real estate price growth is catching up with the development of income and inflation. Additionally, we see a tentative rise in the volume of new mortgages. On the other hand, the construction sector is stagnating.
2024Q2
Regional housing affordability index
The improvement in housing affordability stalled in the second quarter, the values of the index returned to the levels of end-2023. The largest deterioration in housing affordability was observed in Košice Region, which, along with Nitra and Trenčín, is now among the regions with the least affordable housing.
2024Q2
Last updated on 28 Oct 2024