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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia has extradited Yandiev to Russia

Despite the UN decision, the country sent Ingushetia citizen Aslan Yandiev to Russia where he is wanted for alleged terrorism crimes. It cites the stance of the ECHR.

Illustrative stock photo

More reasons to stay

Excluding people doesn’t just affect those who choose to leave.

Creator of the Krav Maga self-defense system was from Bratislava Photo

The versatile athlete Imi Lichtenfeld finally has a memorial plaque in the Slovak capital.

Unveiling of the commemorative plaque: curator Michal Vaněk, Yaron Lichtenstein, BKIS director Vladimír Grežo and Museum of Jewish Culture's director Pavol Mešťan, from left.

Construction of underground roundabout changes traffic flow on Bratislava’s Mlynské Nivy

Mlynské Nivy Street will be transformed into a modern boulevard by the autumn of 2019.

New construction on Mlynské Nivy Street.