Spectator on facebook

Spectator on facebook

Low mortgage rates make house more accessible

THE AVAILABILITY of housing in Slovakia is increasing, with people motivated to take out mortgages thanks to favourable interest rates.

THE AVAILABILITY of housing in Slovakia is increasing, with people motivated to take out mortgages thanks to favourable interest rates.

“We’ve recorded an annual increase of 33 percent in sales of housing loans,” ČSOB Bank spokesman Zuzana Eliašová told the TASR newswire on July 30. Slovenská Sporiteľňa (SLSP) reports that compared to the same period of last year it has sold around 50 percent more mortgages – more than 13,700 loans worth nearly €672 million. VÚB Bank signed 40 percent more mortgage contracts year-on-year, with their value increasing by around two-thirds. Tatra Banka also recorded an increase in the value of housing loans provided - by around 10 percent.

“Relatively stable developments in property prices as well as record-low interest rates have increased the availability of housing for an ever-wider circle of people,” SLSP analyst Maria Valachyová said. “We expect to see the number of housing loans for the whole year grow at a double-digit rate, just as it has in previous years.”

Tatra Banka analyst Boris Fojtík confirmed that the situation on the housing market has improved, adding that this is reflected partly in increased activity among real estate developers and in the growing number of building permits issued.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

The most famous circus comes to town Video

The famous Cirque du Soleil is in Bratislava celebrating the 15th year of its show Varekai: Tales of the Forest.

Cirque du Soleil: Varekai

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.