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 gap between developments in house prices and disposable income narrowed slightly in the second quarter. After a weak start to the year, rents returned to growth, although the year-on-year increase remains at just 2%. Slower growth in property prices has also curbed the increase in the composite index. Nevertheless, the index remains in close proximity to the range indicating a potential risk of a correction.
2026Q2
Regional housing affordability index
Housing affordability deteriorated despite the slowdown in house price growth. Wage growth in the second quarter failed to keep pace with house prices, while interest rates also increased. The housing affordability index fell by 2.6 points, with the sharpest deterioration recorded in the Košice region. In the Prešov region, a correction in house prices led to a slight improvement in affordability.
2026Q2
Decomposition of inverse housing affordability index
Housing affordability deteriorated again in the second quarter of 2026, not only due to rising prices but also because of an increase of interest rates.
2026Q2
Borrowing capacity indicator
Housing affordability in Slovakia deteriorated across all regions in the second quarter of 2026. This was driven by slower wage growth, continued notable increases in residential property prices, and, after a prolonged period, rising interest rates on loans. The most pronounced deterioration in housing affordability was recorded in the Banská Bystrica and Trenčín regions.
2026Q2
Last updated on 16 Oct 2026