Survey on housing affordability and attitudestowards real estate investment

Andrej Cupak (), Pavel Gertler (), Judita Juraseková Kucserová (), Jan Klacso (), Andrej Moravcik (), Denys Orlov () and Stefan Rychtarik ()
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Andrej Cupak: National Bank of Slovakia
Pavel Gertler: National Bank of Slovakia
Judita Juraseková Kucserová: National Bank of Slovakia
Jan Klacso: National Bank of Slovakia
Andrej Moravcik: National Bank of Slovakia
Denys Orlov: National Bank of Slovakia
Stefan Rychtarik: National Bank of Slovakia

No OP 2/2026, Working and Discussion Papers from Research Department, National Bank of Slovakia

Abstract: The Slovak housing market is strongly ownership-oriented, with renting functioning largely as a transitional state, concentrated among younger and lower-income individuals. This report draws on the 2025 Survey on housing affordability and attitudes towards real estate investment to examine what drives tenure decisions and how individuals perceive affordability. Homeowners reach ownership through three broadly equal routes: (i) outright purchase, (ii) mortgage financing, and (iii) inheritance or gifts. Housing satisfaction is consistently higher among owners, while affordability is perceived as the lowest in large cities and for larger households. Survey evidence from an advisory choice experiment confirms that support for ownership is strong but highly sensitive to financing conditions. The findings highlight that housing affordability is shaped not only by market prices but also by credit access, expectations, life-cycle stage, and household characteristics.

JEL-codes: D12 G51 R21 R31 (search for similar items in EconPapers)
Pages: 61 pages
Date: 2026-07
New Economics Papers: this item is included in nep-dcm and nep-hre
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Persistent link: https://EconPapers.repec.org/RePEc:svk:wpaper:1142

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