Spectator on facebook

Spectator on facebook

Slovakia leads mortgage loan growth

SLOVAKIA leads the EU in mortgage loan growth, according to a report published by the European Central Bank, the Pravda daily reported.

Over the last four years, mortgages in Slovakia have grown by 150 percent annually compared to the average annual growth rate which is just below 9 percent.

Experts attribute the boom to the fact that mortgages are more accessible to the general public and are offered at favourable interest rates - currently below 5 percent.

The report notes, however, that "starting level of mortgage loans in the new EU- member states is very low".

While the overall volume of mortgage loans in the EU reaches about 40 percent of gross domestic product, despite the growth in Slovakia, it is still just at 5 percent.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

New web app shows property owned by politicians

The aim is to clearly show publicly accessible information about public officials that is scattered through various state websites and registers.

Zsolt Simon

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava