Financial Crisis

Developments of Residential Property Prices in Slovakia

The property prices have a significant effect on household spending and indebtedness, the mortgage market, investment development and ultimately also on overall economic activity, overall price changes and global financial and monetary stability in the medium and long term.

Development of residential property prices in Slovakia - average prices in € per m2:

Year Price in €/m2 Year 2002=100 Y on Y change in %
2013 1Q    1,240 209.5 0.4
2012 1237 209.0 -1.1
2011 1251 211.3 -3.1
2010 1291 218.1 -3.9
2009 1344 227.0 -11.1
2008 1511 255.2 22.1

Slovaks Perceive Unemployment as The Most Serious Social Problem

People in Slovakia see unemployment as the most crucial problem currently worrying the country. According to the results of a survey recently conducted by Slovak Public Affairs Institute (IVO), almost two-thirds of respondents (64%) consider the high jobless rate to be the most troublesome issue.

Slovakia Has One of the Highest Long-term Unemployment in EU

The Slovak labour market is battling the problem of long-term joblessness, which probably will not fall until at least 2012. It's a long-standing problem in Slovak economy. For a long time Slovakia is among the countries with the highest long-term unemployment in the European Union.
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