International Presence and Activities
1900
1700
1500
1300
1100
900
4Q06
4Q07
4Q08
REAL ESTATE MARKET IS NOW FAST
DEVELOPING, SUPPLY RESPONDS TO DEMAND
Slovak residential property market went
through a boom and bust in the run-up to 2008
crisis and euro adoption in January 2009
Market started to recover in 2014. Since then
property prices were growing steadily about 8%
p.a., growth now encompasses all regions and
types of housing.
→ Slovak real estate price growth though is not
excessive in regional comparison, prices in the
neighboring countries have grown even faster
in the past three years
2300
2100
Property price development
(EUR per m², offered - NBS methodology)
24 000
20 000
16 000
12 000
8 000
4 000
0
Completed housing
1996
1998
2000
2002
2004
(units)
2006
2008
2010
2012
2014
2016
2018
2020
Property price inflation in comparison
(cumulative increase in the past 3 years, 3Q20 vs 3Q17)
4Q09
Source: Slovak Stats Office, Eurostat, NBS
4Q10
4Q11
4Q12
50%
Flats
40%
30%
Total
20%
10%
0%
Family houses
4Q13
4Q14
4Q15
4Q16
4Q17
4Q18
4Q19
4Q20
Italy
Cyprus
Finland
Sweden
Belgium
France
Ireland
Denmark
Romania
Spain
Malta
Estonia
Bulgaria
Slovenia
Lithuania
Austria
30.3%
Croatia
Germany
Latvia
Slovakia
Netherlands
Poland
Portugal
Czechia
Hungary
Luxembourg
12
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