VUB's Market Share and Financial Services
1800
1700
1600
1500
1400
1300
1200
1100
1000
900
4Q06
4Q08
Source: Slovak Stats Office, Eurostat, NBS
4Q10
4Q12
4Q14
4Q16
→ 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 from the bust in 2014.
Since then property prices are growing ca.4-7%
y/y on average, depending on methodology
(NBS vs Eurostat methodology)
On average house prices are yet to recover
their pre-2008 level, but some segments (e.g.
flats and Bratislava in general) already did
Property price development
(EUR per m², offered – NBS methodology)
80 000
70 000
60 000
50 000
40 000
30 000
20 000
10 000
0
25.0%
Flats
20.0%
15.0%
10.0%
Total
5.0%
0.0%
Family houses
-5.0%
4Q18
Italy
Cyprus
Finland
France
Belgium
Croatia
Poland
Sweden
Denmark
United Kingdom
Malta
Austria
Estonia
Germany
Luxembourg
REAL ESTATE MARKET IS NOW FAST
DEVELOPING, SUPPLY RESPONDS TO DEMAND...
Housing under construction
(units)
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Property price inflation
(cumulative increase in the past 3 years, 3Q18 vs 3Q15)
30.0%
Spain
Romania
Slovakia
Lithuania
Netherlands
Bulgaria
Hungary
Portugal
Latvia
Slovenia
12
Czechia
Ireland
20.4%
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018View entire presentation