In the first three months of 2017, residential prices in Slovakia reached an eight-year high, marking the fastest y-o-y growth since 2008, writes Hospodarske noviny, citing the Slovak National Bank (NBS). Bank analysts warn, however, that based on household revenues, overall economic output and other economic indicators, the market has entered the risk area and is heading toward a price bubble. The average price reached €1,332 per sqm in Q1, up by 7.6 percent q-o-q and the highest level since Q2 2009. Still, the average home price is 14 percent below the 2008 high, mainly because prices of family houses are lower. Flats are a mere 3 percent under the historic record. Price growth was fastest in Nitra (16.9 percent) and slowest in Košice (2.7 percent).
