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 capturing the possibility of a turnaround in price developments remained virtually unchanged at the end of the year. The ongoing divergence from the price equilibrium band stemmed mainly from the price-to-income and price-to-rent ratios. On the contrary, the decline in real housing prices slowed down.
![RRE Dashboard](https://nbs.sk/wp-content/uploads/2024/01/composite-index-1024x534.jpg)
2023Q4
Regional housing affordability index
Housing affordability did not change significantly. It mildly improved in most regions at the the end of the year 2023, mainly due to the positive contribution of nominal wage growth. The only exception is Košice region, where property prices increased by 3%, compared to the previous quarter.
![RRE Dashboard](https://nbs.sk/wp-content/uploads/2024/01/Regional-housing-affordability-index-1024x528.jpg)
2023Q4
Last updated on 3 May 2024