Housing loans in Slovakia grow more rapidly than before crisis

Slovak banks in 2014 recorded dynamic growth in mortgages, which was even higher than pre-crisis years such as 2007, said the Slovak Central Bank (NBS) on Monday.
The growth of housing loans last year was also higher compared to other EU countries.
"The average growth of loans last year in Slovakia was the highest in the EU. Nevertheless, when it comes to a ratio of households' debts to final consumption, Slovakia is still one of the least indebted EU countries," stressed NBS.
Meanwhile, property prices in Slovakia drew a dynamic curve over the past 10 years. They went up by 112 percent between 2005-08, then they fell by 23 percent within a few months, before eventually gradually going up depending on individual regions.