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

.....

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.

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.