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Bank loans are rising on the back of growing 30-40 age group and wage hikes

Bank loans of Slovak households are growing at the fastest pace in the EU because the growing 30-40 age group is investing into housing, and wages are rising steeply, reckons the Finance Ministry’s analysis. Before 2008, Spain and Ireland had the largest share of 30-somethings, and these countries then experienced the largest real estate bubble. Now, Slovakia has the highest share. The Slovak share of non-performing housing loans is still relatively low, but this could change if a crisis hit and unemployment soared. The Ministry recommends speeding up the issuance of building permits to facilitate the speedy response of developers to surges in demand for housing.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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