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Slovak real estate prices are 19% overvalued, thinks Swiss Life Select

When looking at real estate price increases and overall financial stability, Slovak residential real estate is 19% overvalued. Czech housing is 25% overvalued, according to the analysis of Swiss Life Select Slovakia, a financial broker. It sees no real estate bubble despite the high prices. Since 2002, the average wage in Slovakia has increased 2.5-fold and real estate prices have tripled. At the same time, mortgage interest rates fell from 7% to below 1%. At the end of March, there were 2,200 apartments on offer in Bratislava in new projects, while the supply peaked in 2016 at triple that level. There are only 385 apartments per thousand Bratislava residents, while the figure stands at 478 in Prague, 463 in Warsaw, 524 in Budapest and 574 in Vienna. House prices are likely to continue to rise.


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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