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
All ratio indicators suggest that asking prices are currently rising faster than would be justified by economic fundamentals. The increase in property prices has outpaced the growth in income, overall inflation, and the pace of credit growth. Rents (the alternative to owner-occupied housing), declined in the first quarter.
2026Q1
Regional housing affordability index
In previous quarters, the increase in property prices was to some extent offset by declining interest rates, but this trend has now come to an end. As a result, housing affordability has deteriorated, with the HAI index increasing by 1.4 points. The most pronounced deterioration was recorded in the Prešov Region. A slight improvement continues in the Trnava Region, which remains relatively the most affordable region.
2026Q1
Decomposition of inverse housing affordability index
Housing availability has deteriorated slightly, mainly due to the rapid growth of housing prices.
2026Q1
Borrowing capacity indicator
Housing affordability in Slovakia deteriorated slightly in the first quarter of 2026. The most significant decline in affordability occurred in regions that experienced either slower wage growth (Trenčín and Žilina regions) or a faster pace of real estate price growth (Prešov region). However, housing affordability improved slightly in the Banská Bystrica and Košice regions, driven by wages rising faster than real estate prices.
2026Q1
Last updated on 9 Sep 2026