International Presence and Activities
...HOUSING AFFORDABILITY NONETHELESS STILL
REMAINS REASONABLE
Market is meanwhile driven by mortgages for
real homes, speculative demand is rather.
marginal when compared to boom/bust a decade
ago. Home ownership is high at over 90%, of
which 70 percentage points without debt (EU
average is <70%, resp. 43 points)
Price to income ratio is still reasonable and
comparable to long-term average
ā Factoring in low mortgage rates, also housing
affordability index hovers near long-term average
Rates on new housing loans
Slovakia
(% p.a., APR)
140
130
120
110
100
90
80
6%
5%
4%
Eurozone
3%
Difference
2%
1%
0%
-1%
Dec-10
Dec-11
Dec-12
Dec-13
Source: NBS, Slovak Stats Office
Dec-14
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
30-
20
Property price to income ratio
(1Q 05=100)
Long term average
www ww
1Q05
4Q05
3Q06
2Q07
1Q08
4Q08
3Q09
2Q10
1Q11
4Q11
3Q12
2Q13
1Q14
4Q14
3Q15
2Q16
1Q17
4Q17
3Q18
2Q19
1Q20
4Q20
Housing Affordability Index
(% vs historic average, by regions, prices of flats)
"overvalued"
10-
20-
30
"undervalued"
10 2010
10 2011
10 2012
LQ 2016
10 2013
10 2014
10 2015
10 2017
1Q 2018
-BATT TN NR ZA BB --PO KE -SR
1Q 2019
10 20 201
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