Spectator on facebook

Spectator on facebook

IN SHORT

Slovakia leads mortgage loan growth

SLOVAKIA leads the EU in mortgage 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 nine 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 five percent.

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

While the overall volume of mortgages in the EU is about 40 percent of gross domestic product, despite the growth in Slovakia, it is still just at five percent.

Top stories

Messerschmidt created most of his character heads in Pressburg

Bratislava will name a square after the prominent artist

A replica of one head from the series Character Heads by F. X. Messerschmidt; ownership of the Slovak National Gallery

Christmas Bazaar returns to the Old Market hall

One of the events which presents diplomatic communities residing in Slovakia to the wider public is the already traditional Christmas Bazaar, which focuses on gastronomy and charity.

Christmas Bazaar 2016

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Go east for real morality, Jean-Marc Barr says Photo

The French American actor/director, who plays in a Slovak co-production film, said during a recent visit to Bratislava that eastern Europe, and other eastern countries still have what America has already and what…

Jean-Marc Barr during IFF Bratislava 2017