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 continues to recover; however, the pace has not accelerated yet. Property prices have outpaced inflation and, for the first time in two years, have grown faster than disposable income. The gap between the development of sale prices and rents is also narrowing.
2024Q4
Regional housing affordability index
Changes in housing affordability at the end of 2024 were marginal. In some regions (Trnava and Žilina), wage growth led to a slight improvement in affordability. In contrast, the most significant deterioration occurred in the Košice and Banská Bystrica regions.
2024Q4
Decomposition of inverse housing affordability index
By the end of 4th Quarter 2024 Housing affordablity increased minimally as real estate prices rose by decreasing of interest rates.
2024Q4
Borrowing capacity indicator
Housing affordability in Slovakia improved slightly in the last quarter of 2024. Rising nominal wages and falling interest rates offset rising house prices. Housing affordability improved most in the regions of Trencin, Trnava and Žilina, while in the Banská Bystrica region rapid house price growth led to a decline in housing affordability.
2024Q4
Last updated on 16 Apr 2025