Real estate prices rise steeply, NBS says bubble territory is near
Bid house prices were 18.6% higher annually in the second quarter of this year, at €2,052 per sqm, central bank NBS data show. The Bratislava and Trenčín regions report the fastest growth in residential real estate prices, while Košice show a mild correction. The steep price growth comes on the back of a buoyant mortgage market. New housing construction is 5% lower this year compared to 2019. NBS says the prices are very close to the “high risk of a price bubble” territory.