Assessing Residential Real Estate prices in Slovakia: Possible Approaches and Indices

Martin Cesnak, Ján Klacso, Patrik Kupkovic, Andrej Moravcik (), Stefan Rychtarik () and Roman Vrbovsky ()
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Andrej Moravcik: National Bank of Slovakia
Stefan Rychtarik: National Bank of Slovakia
Roman Vrbovsky: National Bank of Slovakia

No OP 1/2024, Working and Discussion Papers from Research Department, National Bank of Slovakia

Abstract: The residential real estate market in Slovakia is very important, both from the perspective of macroeconomy and financial stability. Home ownership is very high and housing loans form a large part of the banks’ assets. Therefore, the National Bank of Slovakia follows thoroughly the development on this market. Residential real estate data are quarterly published, and the development of real estate prices is assessed in regular publications, such as the Economic and Monetary Developments or the Financial Stability Report. For a better understanding of the development on this market, different indices have been developed. The list includes composite indices, housing affordability indices and macroeconomic models estimating fundamental prices or studying the impact of different shocks on real estate prices. This paper gives an overview of the recently used RRE-related indices and serves as a methodological note to the RRE dashboard that is available on the NBS website.

JEL-codes: E37 G12 R21 R31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2024-01
New Economics Papers: this item is included in nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:svk:wpaper:1103

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